Retail TouchPoints

FEBRUARY 28, 2024

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

Inventory Turnover 260

Inventory Turnover Supply Chain Management Store Layout Marketing 260

Wiser

MARCH 14, 2025

The Complex Role of a Category Manager Category Managers sit at the center of a high stakes balancing act. At the same time, Category Managers are responsible for identifying new product opportunities, phasing out underperforming items, and ensuring the right assortment mix to maximize sales. Every product decision carries weight.

Management 78

Management Inventory Turnover Promotions Markdowns 78

Inside Retail

JUNE 28, 2022

“The dedicated toy section allows every Miniso customer to experience the immense fun and joy brought about by our toys, while enjoying the treasure hunt shopping experience in our store,” said Vincent Huang, VP of the international business department at Miniso in a statement. Expansion plans. An eclectic design team.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

Inside Retail

JULY 18, 2024

If you only look at the stock turn, you may be too late to determine the root cause.” While most retail executives understand the key drivers determining whether their business is turning a profit – factors like sales revenue, inventory turnover and margin management – such information can often be siloed in different company divisions.

Planning 147

Planning Inventory Turnover Consumer Location 147

Wiser

MARCH 11, 2025

By integrating regular visits (daily, weekly, or monthly), you can track accurate trends around inventory turnover and on-shelf compliance. Whether youre tackling the mass market or niche channels, targeted retail audits can help you keep the shopper experience top-notch and protect your brand at every turn.

Beauty and Health 78

Beauty and Health Promotions Inventory Turnover Location 78

Inside Retail

NOVEMBER 14, 2023

The Terminal “Our ‘click and mortar’ strategy is designed to integrate the convenience of online shopping with the tangibility of a physical store – where products purchased at the store are delivered straight to customers’ homes to ensure a seamless and engaging customer journey,” he told Inside Retail.

Inventory Turnover 130

Inventory Turnover Fashion Shopping Consumer 130

Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Tracking your inventory will provide you with the data necessary for these insights. Use and analyze the past seasonal orders to determine how to price products- By using the data, look at previous seasons to guide your pricing decisions. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retail Adventures

JANUARY 20, 2021

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. Let’s take a look at the things you can do to move merchandise that isn’t selling: What’s your turn? To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

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 Smart Guys

OCTOBER 7, 2023

Set Up Regular Inventory Counts Regularly counting your inventory helps identify discrepancies between physical stock and recorded quantities. Schedule periodic physical counts, such as weekly, monthly, or quarterly, depending on your business’s size and inventory turnover rate.

Inventory Management 97

Inventory Management Inventory Turnover Management ATS 97

Independent Retailer

AUGUST 1, 2022

Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. Retailers need tools that can connect and correlate all inventory data with the impact of external events. Adapt or Lose Customers. By then, it is too late.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Global Shop

JULY 19, 2024

With a multitude of products being produced and sold across a variety of locations, including mobile trailers used for on-site sales at NASCAR events, Simpson struggled to maintain accurate inventory data. Simpson recognized the need for a more robust system to efficiently track data on incoming materials or finished goods.

Location 52

Location Inventory Turnover Inventory Management Management 52

Retalon

AUGUST 5, 2020

Is the right product getting to the right place at the right time? But of the myriad options, what are the KPIs in retail that will truly drive profitability and make the best use of a retailer’s substantial inventory investment? Inventory Turnover Ratio 3. Inventory Turnover Ratio. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

365 Retail

SEPTEMBER 30, 2024

The lift system makes it much easier to transport goods to enable faster restocking and inventory turnover. Optimise the use of vertical space A mezzanine floor lift takes up less space than a standard staircase and can be manufactured to your exact specifications.

Inventory Turnover 52

Inventory Turnover Management ATS 52

Retail Smart Guys

MARCH 15, 2023

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. Use marketing tactics such as the psychology of price, which we at Retail Smart Guys can help you with. #6

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Storis

SEPTEMBER 16, 2024

SKUs facilitate internal tracking of inventory levels, ordering, and sales analysis. Unlike SKUs applied at the product level, serial numbers are specific to each item, enabling granular tracking of a piece throughout its lifecycle. Serial Number: A serial number is a unique alphanumeric code assigned to individual product units.

Inventory Management 52

Inventory Management Inventory Turnover Management Point of Sale 52

I Vend

JANUARY 18, 2025

Read more Streamlined Inventory Management: The biggest challenge in running a multi-location retail business is keeping inventory at optimal levels across all stores. This unified approach helps build brand loyalty and increases customer satisfaction.

Location 52

Location Inventory Turnover Inventory Management Management 52

M19 Retail

FEBRUARY 7, 2025

This means fewer stockouts, better customer satisfaction, and tighter inventory controlall key for large-scale businesses aiming to maintain profitability and efficiency. 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

Storis

SEPTEMBER 12, 2024

The Role of Barcode Scanners in Inventory Management Barcode scanners play a vital role in streamlining inventory management. A barcode inventory system provides real-time visibility into your inventory levels and movement.

Inventory Management 52

Inventory Management Management Inventory Turnover Fulfillment 52

CJ Retail Solutions

AUGUST 26, 2024

Tracking customer engagement metrics can also reveal important information about how well in-store marketing campaigns are doing at drawing and holding customers’ attention, such as dwell time & interaction with promotional displays. Client Involvement and Focus. Decision-Making Based on Data.

Marketing 52

Marketing Visual Merchandising Inventory Turnover Store Layout 52

365 Retail

JUNE 5, 2024

To get started, hiring Kenyatta Computer Services or others should be at the top of your to-do list. They can guide you in the process of switching to smart inventory management systems. Managers can visualize metrics like sales trends, inventory turnover, and customer lifetime value.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

FEBRUARY 15, 2022

What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Inventory/supply chain. Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Let’s take a look at what those are. Increased inventory turnover.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Inventory Analytics : Analyze inventory turnover rates, stock levels, and supplier performance to optimize inventory management. Enhanced Inventory Management : Real-Time Tracking : Monitor inventory levels in real-time, ensuring you never run out of popular items and can respond quickly to demand changes.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 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. Who uses open to buy : OTB can be used at all levels — company-wide, sales channels, departments, product categories, and sub-categories. Let’s look at how to calculate open to buy: Open to buy process.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

V Count

JULY 24, 2024

With a clear understanding of peak hours and customer flow, businesses can schedule the right number of employees at the right times. By analyzing customer traffic patterns, businesses can better plan their inventory levels, ensuring they have sufficient stock to meet demand while minimizing excess inventory.

Management 98

Management Supermarket Checkout Inventory Management 98

Retalon

FEBRUARY 10, 2025

For example, if a planner wants to analyze performance at a department level while also breaking down sales by individual SKUs, they must create complex formulas that consolidate this data across multiple tabs. This allows them to measure the impact of AI on forecast accuracy, inventory turnover, and operational efficiency before scaling up.

Planning 41

Planning Inventory Turnover Markdowns Location 41

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. With real-time tracking, retailers can: Monitor stock levels accurately to prevent stockouts or overstock situations. Automate reordering processes based on predefined thresholds.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

CJ Retail Solutions

NOVEMBER 18, 2024

Inventory Management and Organization Metrics Value Inventory Turnover 5.2 times Stockout Rate 2% Fill Rate 95% Lead Time 3 days Effective inventory management and organization are vital for maintaining operational efficiency. You need to keep track of all tools, parts, and supplies required for maintenance tasks.

Shopping 52

Shopping Inventory 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. Distribution of shopping missions during a week. Conversion funnel. Conclusion.

Management 52

Management Promotions Inventory Turnover Shopping 52

V Count

JANUARY 11, 2023

For instance, popular coffee franchises now deploy automated drink makers at gas stations; you can use zone analytics to see how popular these machines are and use queue management to understand if potential customers are driven away because of long lines. Using an accurate traffic counter can drastically increase your conversion rates.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

V Count

JUNE 26, 2024

We’ll take a look at how it can be a game-changer in understanding customer behavior, and how savvy retailers can leverage this information to maximize their business outcomes, creating a more engaging and satisfying shopping experience for their customers. This, in turn, can have a significant impact on sales and overall profitability.

Store Layout 52

Store Layout Payment Services Inventory Turnover Promotions 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

Retalon

FEBRUARY 15, 2024

The global AI in retail market’s revenue share from predictive analytics-driven programmatic advertising and market forecasting stood at 33.1% in 2022, hinting at the burgeoning reliance on these sophisticated tools. Real-time monitoring allows businesses to stay agile—adjusting strategies as market dynamics shift.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Retalon

FEBRUARY 10, 2022

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. What is bad inventory called? What is bad inventory called day-to-day? Indicators you’re managing bad inventory. Drastic Markdowns.

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Rangeme

DECEMBER 16, 2021

Unanimously, they said supply chain disruption will affect the upcoming holiday season “significantly or somewhat” and it will last at least through 2022. Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ What’s Keeping Your Grocery CEO Up at Night. Retail Dive.

Shipping 52

Shipping Dead-Stock Beauty and Health Inventory Turnover 52

Retalon

AUGUST 14, 2023

Adopting a modern solution can directly impact key performance indicators including: Increasing Sales Revenue Ensuring you have the right products at the right locations is fundamental for driving sales. Improving Inventory Turnover Excess stocks tying up cash flow are the bane of any retail business.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41