Inside Retail

MARCH 13, 2023

That’s why we’re moving beyond just-in-time versus just-in-case to a different model for supply chain management. The goal is to create the most efficient supply chain possible for inventory management. Neither is a good place to be this year.

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Inside Retail

APRIL 25, 2023

This can be seen by the adoption of QR codes – the use of which accelerated amid Covid-19 restrictions – self checkout in supermarkets and autonomous mobile robots, which are being utilised by major retailers for (among other things) logistical, supply chain and other inventory management tasks.

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I Vend

AUGUST 13, 2023

Have a good supply chain management – If retailers are going to focus on customers, and enable omnichannel retail, then efficiency in managing their supply chain is essential. It’s relative – for example, before contactless payments, inserting a credit card would not have been seen as friction.

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Wiser

JUNE 13, 2024

If your inventory management isn’t up to par and your products frequently go out of stock, your share of search will suffer. E-commerce algorithms take this consumer behavior into account, often prioritizing products with better ratings and more reviews in search results.

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Retail Minded

MARCH 2, 2022

Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock. Walmart’s back-office manages millions of accounts receivable and millions of employee payrolls.

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Retalon

MAY 17, 2024

While nearly three-quarters of all retailers still rely on simple, and consequently limited, tools such as Excel spreadsheets, the integration of AI-driven technologies in supply chain management is revolutionizing how demand forecasting for forward-thinking retailers. What is supply chain demand forecasting?

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Storis

SEPTEMBER 19, 2024

These software foundations consolidate functions, including enterprise resource planning, point of sale, inventory management, order processing, supply chain management, accounting, and analytics, into a single platform.

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Retail Minded

JANUARY 1, 2024

This strategy is critically important to streamline stock management and avoid carrying excess inventory into the next year – a problem that plagues the majority of supply chain managers. From account type to competitor products to sales activity, these recommendations encompass all the relevant factors.

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M19 Retail

APRIL 14, 2021

Brands that were historically located in shopping centers far from city centers are developing a network of physical stores in areas of higher density, which again necessitates reducing the offer to take into account the reduction in the sales area. Health crisis: what impact on supply management in points of sale? Recent Posts.

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Storis

MAY 29, 2024

Dropshipping is a supply chain management practice where retailers sell merchandise they do not own or stock in their warehouses. Establishing clear protocols and performance metrics ensures accountability. With all its advantages, let’s dive into what exactly dropshipping is.

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365 Retail

NOVEMBER 13, 2023

Adjustments must often be made to account for factors like weather and global events. Optimising Inventory Levels Careful inventory management is vital during peak seasons. The combination of AI and POS systems is becoming popular, as it can provide actionable stock management data.

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Retalon

JULY 30, 2019

This approach also provides retailers with the ability to work more granularly and account for more factors that influence demand across all channels of their business. Inventory Management Challenges. These tools can then help you build a much more accurate picture of what the future demand will be.

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RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2020

That’s why tracking and managing sales performance is so important in cross-channel retail store management software. Integrate your accounting with your POS – This means integrating your accounting department with all points of sale. Your accounting department needs to be fully integrated with all points of sale.

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365 Retail

MAY 5, 2023

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Advanced Supply Chain Management: AI will be critical in streamlining supply chain processes.

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