Retail TouchPoints

OCTOBER 28, 2022

Every business has a number of core processes, units and departments that each function as vital cogs in the machinery, including manufacturing, order management, purchasing inventory, accounting, human resources, financial management and so much more. What Should you Look for in your Retail ERP System?

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Supply Chain Management Inventory Management Management Accounting 247

Small Biz Trends

JUNE 14, 2022

Managing finances is no walk in the park for the majority of small business owners. Luckily, there are a number of accounting software tools that can help. Free Software for Your Small Business Accounting. Every accounting software for small businesses comes with its own set of features. Best Free Accounting Software.

Accounting 98

Accounting Payment Services Finance Management 98

Retail TouchPoints

MAY 21, 2024

Moreover, they can launch a targeted promotion for kitchenware, advertised at the store’s entrance and through social media channels and timed to coincide with the peak traffic on Saturday afternoons. Leveraging network analytics in inventory management extends beyond maintaining optimal stock levels.

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Inventory Management Payment Services Store Layout Promotions 227

Retail TouchPoints

APRIL 25, 2022

With the help of AI and automation, retailers can more precisely estimate the amount of inventory to keep in stock at any given time while minimizing production waste and the dreaded “out-of-stock” status. Ultimately, inventory pacing will better position retailers for success in an increasingly competitive retail landscape.

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Supply Chain Management Inventory Management Shipping Management 278

Inside Retail

MARCH 22, 2023

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. Comparing, say, beverages and construction, you’re often looking at very different inventory models. “For

Inventory Management 264

Inventory Management Accounting Management Marketing 264

Inside Retail

NOVEMBER 6, 2023

If tasks aren’t completed on time in a prioritised, efficient manner, omnichannel services can run late, customers receive lacklustre service, and employees can become frustrated at their inability to effectively complete their work. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

JANUARY 18, 2022

“By partnering with RELEX, our corporate demand planners have the ability to improve processes that support our distribution and inventory management strategies,” said Bill Ruggles, Director of Procurement for Sheetz in a statement. RELEX will ultimately help ensure Sheetz customers have what they want, when they want it, 24/7/365.”.

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Planning Inventory Management Accounting Promotions 190

Retail TouchPoints

NOVEMBER 22, 2024

As a result, the 74% of merchants that saw their store operations budgets increase between 2023 and 2024 had to figure out the best way to allocate this money toward a wide-ranging set of needs, from new in-store technology and inventory management solutions to employee training and engagement initiatives.

Management 247

Management Merchant Services Employee Engagement Store Operations 247

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

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Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S.

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Payment Services Promotions Consumer Inventory Management 315

Retail TouchPoints

AUGUST 5, 2024

“That helped adoption, and it also just runs faster,” than The Paper Store’s previous POS system, which had required three separate logins for POS, inventory queries and ship-to-home functionality. That’s three different passwords and user accounts in each store across the fleet.

Inventory Management 236

Inventory Management Point of Sale Promotions Jewelry 236

Retail TouchPoints

FEBRUARY 10, 2022

Over the course of her 30-year career, The Vitamin Shoppe CEO has held leadership roles at Godiva , Sally Beauty , Pier 1 , Bath & Body Works , Gap and The Disney Store. It’s been a while since she’s been on the front lines though — not since the late ‘80s to be exact, when she was a manager at Express.

Inventory Management 289

Inventory Management Beauty and Health Management Point of Sale 289

Retail TouchPoints

AUGUST 4, 2023

Having more kiosks for customers to check in at also allows staff to be more flexible. Features such as inventory management and the ability to track sales allow operators to keep track of which items sell better than others. The inventory management features also help operators track any theft.

Payment Services 219

Payment Services Kiosk Marketing Inventory Management 219

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 per cent at the end of FY23. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Myer reported in its latest trading update that group comparable sales for the first half of FY24 were virtually flat, up by just 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

MARCH 7, 2024

This experience led to a role in sales and account management, helping retailers solve fulfilment challenges, sparking my passion for the industry. Did having that insight into the way logistics companies operate help you implement best practices at Meshki? I often joke with the directors that I was (and still am) winging it.

Fulfillment 249

Fulfillment Shipping Returns Inventory Management 249

Retail TouchPoints

SEPTEMBER 7, 2022

Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time. Keeping inventory management separate. Managing store-within-a-store staff.

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Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. At the top of the list is computer vision — a field of artificial intelligence that enables computers to interpret digital images or video.

Payment Services 206

Payment Services Inventory Management Checkout Loss Prevention 206

Retail TouchPoints

APRIL 19, 2024

For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences. Joseph Schlossberg is a VP of Global Sales at Sourcing Solutions International.

Supply Chain Management 225

Supply Chain Management Fast Fashion Apparel Shipping 225

Retail TouchPoints

JULY 27, 2021

The actualization of being able to buy, receive and return goods from virtually anywhere is now moving at warp speed. At the outset of your omnichannel strategy development, you’ll need buy-in from your senior executive team. The sweet spot will be delivering the best possible customer experience at the right cost.

Shipping 307

Shipping Fulfillment Inventory Management Customer Experience 307

Retail TouchPoints

FEBRUARY 27, 2024

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. Mattle is Retail and Distribution Leader – North America and Global Client Advocate at WTW. She has worked with several global companies focusing on risk management strategy.

Payment Services 236

Payment Services Wholesale Store Layout Inventory Management 236

Retail TouchPoints

JULY 12, 2021

Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors. Next, take a hard look at your processes: What are you currently doing today? She can be the CEO or an accountant.

Merchant Services 271

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Retail TouchPoints

JANUARY 8, 2025

We need to account for customers with unique needs and establish stronger trust between robots and people to ensure these robotic helpers integrate seamlessly into retail environments. Compact robots that navigate narrow aisles or humanoid designs that put customers at ease are examples of ergonomic considerations.

Shopping 158

Shopping Store Layout Inventory Management Customer Experience 158

Retail TouchPoints

SEPTEMBER 23, 2022

Corporations manage 3PL warehouses with physical spaces and logistics teams. One 3PL can handle a multitude of clients at a time, and they store, manage and prepare the goods for shipment, process the orders and deliver them to customers via their partner carriers. Do they provide a personal account manager for your business?

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Fulfillment Shipping Inventory Management Management 290

Retail Minded

DECEMBER 21, 2022

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place. Another important aspect of accounting is financial reporting.

Accounting 52

Accounting Inventory Management Management Point of Sale 52

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 4: Return rates. 5: Sustainability metrics.

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Fulfillment Returns Shipping Promotions 259

365 Retail

DECEMBER 8, 2021

According to Google, online sales throughout November and December can account for up to 30% of a company’s annual sales, while peak shopping dates such as Black Friday deliver upwards of three times more traffic for online retailers. Minimising disruption during peak. The power of automation .

Inventory Management 52

Inventory Management Management Fulfillment Supply Chain Management 52

Retail TouchPoints

JANUARY 20, 2022

However, instead of relying on individual store managers to navigate local purchases, corporate procurement teams can add value by organizing the effort, evaluating and sourcing local suppliers, negotiating best pricing and delivery options, and automating the process by using technology to simplify local inventory management.

Merchant Services 223

Merchant Services Clienteling Shipping Inventory Management 223

Retail TouchPoints

JANUARY 25, 2022

In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. 4) Think Big: Improve supply chain and inventory management. This inconvenience was arguably worse than not offering the service at all.

Management 242

Management Marketing Customer Experience Inventory Management 242

Small Biz Trends

DECEMBER 6, 2022

We’ll look at some of the top POS solutions currently available for this article. Once the payment is processed, the money is deposited into relevant accounts. Sale POS systems may also have additional functionality, including payroll, employee management, and customer tools such as loyalty programs. Brilliant POS.

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Point of Sale Payment Services Merchant Services Inventory Management 115

Retail TouchPoints

MAY 3, 2023

There is greater demand for transparency and active participation in sustainable practices from retailers across the spectrum, and consumers, especially Gen Z, are holding brands accountable for greenwashing through their spending power. Alexia Beghi is Design Director and Senior Associate at Gensler.

Visual Merchandising 244

Visual Merchandising Consumer Inventory Management Customer Experience 244

Retail TouchPoints

JUNE 19, 2023

There’s a high likelihood that, as an American shopper, you’ve been at a store, seen an item completely unrelated to the purpose of your shopping trip, and suddenly — you have to have it. Impulse spending accounts for a sizable chunk of retail revenue. Electronics had the lowest percentage, at 13.6%.

Inventory Management 223

Inventory Management Department Stores Consumer Shopping 223

Retail TouchPoints

OCTOBER 22, 2021

This article will look at how to get a decent site from scratch without using off-the-shelf solutions like Magento, Shopify, and WordPress, as well as the top seven practices for custom ecommerce website development. At the same time, you need to focus on fast loading — users do not wait for a page to load for more than three to five seconds.

Payment Services 229

Payment Services Inventory Management Promotions Checkout 229

Retail Gazette

FEBRUARY 22, 2024

Inventory Management and Forecasting AI-powered algorithms enable retailers to optimise inventory management and forecasting processes, reduce stockouts, minimise excess inventory, and improve overall supply chain efficiency.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Retail TouchPoints

MAY 25, 2023

So as the tide of consumer preferences shifts, how can consumer goods companies ensure that their operations are truly sustainable to tap into this growing market and, at the same time, navigate the treacherous waters of ESG reporting? Jon Chambers is a Partner and Supply Chain Transformation Leader at IBM Consulting.

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Consumer Inventory Management Accounting Fulfillment 204

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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Inside Retail

JANUARY 15, 2023

We believe there are six key strategic pillars, which should be taken into account to ensure your organisation is on the right track for supply chain resilience: Redesign your fulfilment network and your merchandise planning function for multi-channel fulfilment. About the author: David Bissett is a partner at Argon & Co Australia.

Inventory Management 130

Inventory Management Fulfillment Customer Experience Planning 130

Retail Focus

SEPTEMBER 21, 2023

While owning a bar or restaurant is undeniably exciting, this journey is often strewn with myriad challenges that can keep even the most hardened entrepreneur awake at night. Often, staff view these jobs as mere stepping stones, rarely looking at them as long-term career opportunities.

Inventory Management 130

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