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How Hot Topic and Lamps Plus Mastered Inventory Management and More

Retail TouchPoints

The retailer has seen digital sales shift away from next-day deliveries, which now account for just 18.2% of orders, toward two -day or later windows, which account for 80%. Another key challenge for Hot Topic’s inventory management system is ensuring its BOPIS options run smoothly even as it fulfills orders across multiple channels.

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Inventory management for efficiency and experience

I Vend

This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management.

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Gas Stations Evolve: AI and EVs Drive Transformation into Mini-Grocery Stores

Retail TouchPoints

As of January 2024, plug-in EVs accounted for nearly 10% of all passenger vehicle sales in the U.S., These stores must expand their product assortment, improve inventory management and optimize supply chain operations almost overnight. reflecting a significant shift in consumer preferences and vehicle technology.

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4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Do you have enough stock on hand?

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Unlocking Retail Growth: The Power of Network Analytics for Strategic Insights

Retail TouchPoints

Revolutionizing Inventory Management through Data Network analytics is transforming inventory management in the retail sector by providing unprecedented real-time insights into inventory levels, forecasting potential stockouts and optimizing the supply chain.

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Sheetz Adopts Unified Solution to Optimize Demand Planning

Retail TouchPoints

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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The Top 5 Retail ERP Software Features to Look For

Retail TouchPoints

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. A supply chain management module can help you with this as well.