Retail Gazette

FEBRUARY 22, 2024

By leveraging AI algorithms, retailers can analyse vast amounts of customer data, including purchase history, browsing behaviour and demographic information, to tailor product recommendations and marketing messages. According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Storis

SEPTEMBER 16, 2024

The process of assigning serial numbers to inventory pieces is a critical aspect of efficient inventory management, particularly in the appliance retail market.

Inventory Management 52

Inventory Management Inventory Turnover Management Point of Sale 52

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

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Customer Experience Management : Personalized Marketing : Utilize CRM features to track customer preferences and tailor marketing efforts to individual needs. Accounting & Financing Software : Financial Reporting : Generate comprehensive financial reports to track revenue, expenses, and profitability.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 52

Retalon

FEBRUARY 15, 2022

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Planning inventory based on sales history depends on a logical approximation. Identifying and accounting for relevant factors.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

AUGUST 13, 2024

These reports provide valuable insights into sales trends, best-selling items, and peak times, helping store owners make informed decisions about inventory and marketing strategies. CRM Integration: Integrate with CRM systems to track customer interactions, manage loyalty programs, and send personalized marketing communications.

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. Benefits include: Analyzing sales trends and customer behavior to refine marketing strategies. Identifying underperforming products and discontinuing them or running promotions to clear inventory.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

RETAIL MANAGEMENT SOFTWARE

JUNE 10, 2024

Financial Management Financial modules in ERP systems manage accounting, budgeting, and financial reporting. This data-driven approach helps in identifying market trends, optimizing operations, and planning strategically for the future. This integration allows for better demand forecasting, order tracking, and customer service.

Inventory Management 52

Inventory Management Supply Chain Management Inventory Turnover Management 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

Retailers who prioritize and invest in effective product merchandising strategies can gain a competitive advantage in the market. In addition, effective pricing strategies should also take into account the perceived value of the products being sold. Why is product merchandising important?

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 15, 2024

This technological marvel aids in refining inventory management, shaping marketing strategies, and sculpting pricing frameworks, contributing significantly to sales upliftment and fortified customer allegiance. Recruitment in today’s job market leans heavily on offering compelling reasons why top talent should join your team.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

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