Retail TouchPoints

JULY 13, 2020

Inventory management starts — and only starts — with a warehouse management system (WMS). In practice, most out-of-box WMSs are not capable of managing the volume and complexity of workloads required in today’s retail environment. Valentyn Kropov is VP of Client Success at SoftServe , specializing in the retail industry.

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Inventory Management Management Promotions Customer Experience 177

Retail TouchPoints

JANUARY 29, 2021

Retail Pro Prism is a customizable platform that allows retailers to manage inventory and orders more efficiently across channels and subsidiaries. Retail Pro Prism is a customizable platform that allows retailers to manage inventory and orders more efficiently across channels and subsidiaries. ”

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Inventory Management Management Payment Services Promotions 261

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

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. Tracking your inventory will provide you with the data necessary for these insights.

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Inventory Management Management Inventory Turnover Drop-Shipping 92

DMS Retail

OCTOBER 1, 2021

In this new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Implementation Management. Inventory Control.

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DMS Retail

AUGUST 5, 2021

In this brand new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Implementation Management. Inventory Control.

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Inventory Management Management Space Planning Planning 59

Retalon

AUGUST 14, 2023

Furniture inventory management software offers a smarter solution. It provides real-time visibility into your inventory movements across the supply chain. This article explores how furniture inventory management software can unlock new levels of efficiency and competitiveness for modern retailers.

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Retail TouchPoints

MAY 29, 2024

Retasmart is designed to enable retailers to unify all channels and experiences in one solution, allowing them to solve challenges related to inventory management, customer engagement, payment options, reporting and analytics, and multichannel retailing — all from a single platform.

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Payment Services Inventory Management Promotions Management 261

Retail TouchPoints

MAY 21, 2024

By examining this network traffic, retailers can gain valuable insights, such as the most frequented areas of a store, the effectiveness of digital signage, the efficiency of store layouts and even the performance of online versus in-store promotions. The potential of network analytics extends far beyond simple foot traffic analysis.

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Inventory Management Payment Services Store Layout Promotions 261

Retail TouchPoints

AUGUST 5, 2024

We’re talking to a consumer that will drive the next 10 years of our business, so at the least they would expect mobile technology [in our stores],” said Hewitt. Additionally, Jumpmind built an inventory management tool into the POS, so we can transfer product, receive product and do cycle counts — it’s all baked in now.”

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Retail TouchPoints

OCTOBER 20, 2022

Collectively, the VUSION suite of services are designed work together to promote agility, sustainability and an improved customer experience.

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Retail TouchPoints

SEPTEMBER 16, 2022

For four generations, we have committed to creating a customer experience as high-quality and timeless as our product assortments,” says Brent Stern, EVP at Rogers & Hollands in a statement. “By BTM Global led the implementation.

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Jewelry Inventory Management Promotions Customer Experience 273

I Vend

OCTOBER 26, 2024

Inventory is a big part of your retail business investment – up to 80% of the total in some cases. Flawless inventory management is therefore one of the most effective things you can do in order to reduce costs and maintain smooth operations. Learn about our integrated POS, inventory management and smart replenishment.

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Retail TouchPoints

NOVEMBER 17, 2022

The company has promoted EVP and Chief Commercial Officer Sean Thompson to the role of President and Chief Commercial Officer, adding marketing and ecommerce roles to his existing responsibilities. Smith brings more than 25 years of supply chain experience to the role, most recently as EVP, Global Supply Chain at Carter’s.

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Retail Smart Guys

DECEMBER 6, 2023

In the ever-evolving world of retail, one thing remains constant – the power of promotions to captivate shoppers and boost sales. Whether it’s the allure of clearance sales, the excitement of flash sales, or the intrigue of buy-one-get-one deals, retail promotions are an essential tool in any retailer’s arsenal.

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Promotions Inventory Management Returns Marketing 52

I Vend

MAY 8, 2024

We take a look at how modern, integrated POS for wine and liquor stores can unlock a future of growth. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

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Shrinkage Inventory Management Payment Services Point of Sale 91

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 248

Wiser

NOVEMBER 19, 2024

By integrating real-time insights, brands can better understand how execution at the store level impacts sales and make data-driven decisions that improve both product visibility and sales effectiveness. By combining syndicated POS data with execution data , brands gain a fuller picture of what drives success at the store level.

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Promotions Inventory Management Consumer Accounting 78

Retail TouchPoints

NOVEMBER 17, 2023

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

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Customer Experience Inventory Management Fulfillment Inventory Turnover 261

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).

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Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

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Retail TouchPoints

DECEMBER 25, 2023

in its fiscal year 2023 (ending in September) versus 2022…which may come as no surprise to you at all if you’ve been in a Costco on a Saturday lately. Better inventory management means better business operations, period. Manage your inventory exceptionally well. Costco grew revenue by 6.7% and net income by 7.7%

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Inside Retail

SEPTEMBER 3, 2024

In this article, we will look at the benefits and the key areas to apply AI in the retail industry. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI.

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Retail TouchPoints

OCTOBER 16, 2024

According to one Gartner Market Guide : “By 2025, the top 10 global retailers by revenue will leverage contextualized real-time pricing…to manage and adjust in-store prices for customers.” billion in 2024 and grow at a compound annual growth rate (CAGR) of 16.5% through 2028.

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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. 2: Order cycle time. 4: Return rates.

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M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. About Mi9 Retail.

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Retail TouchPoints

JANUARY 6, 2023

Consumers are a little more cautious,” said Steve Rogers, Managing Director at Deloitte in an interview with Retail TouchPoints. “ The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly.

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Payment Services Promotions Consumer Inventory Management 358

Wiser

OCTOBER 10, 2024

Buy Online, Pick Up In-Store (BOPIS ) is a retail strategy where customers purchase products online and collect them from a physical store at their convenience. However, implementing BOPIS isn’t without its challenges, particularly for CPG brands that need to balance online and in-store inventory demands. What Is BOPIS?

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Inventory Management Management Consumer Promotions 78

Wiser

OCTOBER 29, 2024

It’s no surprise that 63.88% of shoppers expect pricing and promotions to be consistent across online and in-store channels. Invest in Real-Time Inventory Management Systems: Utilize integrated systems that sync inventory data across all channels in real-time.

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Management Inventory Management Consumer Promotions 78

Retail Customer Experience

OCTOBER 2, 2023

The technology displayed at groceryshop covered many aspects of grocery retailing — from omnichannel integration to in-store promotions to inventory management to visual merchandising to supply chain management — much including self service applications.

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Retail TouchPoints

JULY 3, 2020

Digital Signage: Digital signs are gaining traction indoors these days, and serve as a form of in-store digital marketing for grocers, allowing them to showcase promotions, highlight new products, or provide cooking inspiration for seasonal or unusual ingredients. Smart shelf technology can also interact with customers via smartphones.

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Bindo

APRIL 13, 2017

Why Is Inventory Management Important. Inventory management remains the cornerstone of successful retail. Experienced retailers understand the importance of metrics taken from inventory management. Inventory management helps take the guesswork out and place retail products in the store correctly.

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Inside Retail

APRIL 9, 2022

Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. For example, did the promotion “3 for $25” do better than “Take a Further 25 per cent off”? Read the full article originally published at stylearcade.com.

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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.

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Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4% Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. from 2023 to 2030.

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Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. A true win-win!

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Merchant Services Inventory Management Grocer Customer Experience 274

Clover - Retail

OCTOBER 10, 2024

To avoid burnout, try proactively managing your stress and energy. To help you manage your energy over the long shopping season, delegate to other team members early and add automation tools–like Clover inventory management and other apps from the Clover App Market –like Order Paper –to keep things running smoothly.

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Retail TouchPoints

SEPTEMBER 22, 2022

This year is all about margin and profitability,” said Rob Garf, VP and GM, Retail at Salesforce in an interview with Retail TouchPoints. “ KPMG has forecast holiday retail growth at a solid but notably more modest 4.2% This change can be attributed to retailers pursuing better inventory management. as an outlier.

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