Inside Retail

JANUARY 30, 2024

For example, in 2023, beauty and skincare products from France accounted for 58 per cent of all French goods ordered on JD’s cross-border e-commerce platform,” he pointed out. Additionally, the fashion industry often encounters supply chain challenges such as inventory management and high return rates. “For

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Retail Gazette

FEBRUARY 22, 2024

AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

RETAIL MANAGEMENT SOFTWARE

APRIL 10, 2024

Customer Relationship Management (CRM): CRM functionalities for managing customer accounts, tracking interactions, analyzing purchasing patterns, and providing personalized customer service to enhance customer satisfaction and retention. Prioritize User-Friendliness: Opt for intuitive interfaces and customizable features.

Wholesale 52

Wholesale Management Inventory Management Inventory Turnover 52

Storis

SEPTEMBER 16, 2024

Custom Reporting and Analytics: Robust reporting tools enable retailers to generate customized reports on inventory turnover, warranty claims, repair trends, and other key metrics, empowering data-driven insights and continuous improvement initiatives.

Inventory Management 52

Inventory Management Inventory Turnover Management Point of Sale 52

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

365 Retail

JUNE 5, 2024

Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. It even accounts for seasonal trends, promotions, and supplier lead times. These systems calculate the fastest routes while accounting for traffic patterns, driver schedules, and service time windows.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

FEBRUARY 24, 2022

Essentially, OTB is a purchasing plan which takes into account current inventory levels and projected sales for a set time period. It’s part of a three-step open to buy process: Step 1 – Know your inventory turnover. Turnover rates impact OTB. What is open to buy? Open to buy definition. OTB management.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Retalon

FEBRUARY 15, 2022

Planning inventory based on sales history depends on a logical approximation. Identifying and accounting for relevant factors. Moreover, prices are optimized to increase demand by accounting for the price elasticity of demand. Increased inventory turnover. Matching demand and supply boost turnover.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

M19 Retail

FEBRUARY 7, 2025

Our platform offers data-driven insights into purchasing patterns, regional preferences, and inventory turnover, allowing retailers to make informed decisions about what to stock and where. Merchandising Planning for Growth Effective merchandising planning goes beyond whats happening at a single location.

Supply Chain Management 52

Supply Chain Management Inventory Turnover Point of Sale Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Accounting & Financing Software : Financial Reporting : Generate comprehensive financial reports to track revenue, expenses, and profitability. Inventory Analytics : Analyze inventory turnover rates, stock levels, and supplier performance to optimize inventory management.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 52

RETAIL MANAGEMENT SOFTWARE

JUNE 10, 2024

Financial Management Financial modules in ERP systems manage accounting, budgeting, and financial reporting. Consider factors such as production volume, inventory turnover, sales channels, and regulatory requirements. This integration allows for better demand forecasting, order tracking, and customer service.

Inventory Management 52

Inventory Management Supply Chain Management Inventory Turnover Management 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 13, 2024

Inventory Reports: Track inventory turnover rates, identify slow-moving items, and optimize stock levels. Integration and Compatibility: E-commerce Integration: Integrate with e-commerce platforms for online sales and synchronize inventory across physical and online stores.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. Seamless Integration with Other Systems Many retail store management solutions integrate easily with other systems, such as: Accounting software, facilitating streamlined financial reporting and bookkeeping.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover. Example of an in-store pop-up display. Correlation matrix.

Management 52

Management Promotions Inventory Turnover Shopping 52

Rain Pros

MARCH 6, 2024

Categorizing a store’s inventory allows the owner to make quicker and more informed decisions about ordering new inventory. Offering more of what sells and less of what doesn’t increases efficiency by minimizing overstock and accelerating inventory turnover, leading to higher profits.

Inventory Management 40

Inventory Management Inventory Turnover Point of Sale Accounting 40

CJ Retail Solutions

AUGUST 8, 2024

In addition, effective pricing strategies should also take into account the perceived value of the products being sold. Additionally, promotional pricing tactics such as limited-time offers or discounts can create a sense of urgency and drive impulse purchases.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 15, 2024

Analytics-driven pricing models account for factors like consumer demand elasticity, competitor pricing strategies, and cost variations – ensuring prices are always optimized for both sales volume and profit margins. Real-time monitoring allows businesses to stay agile—adjusting strategies as market dynamics shift.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41