Retail Focus

FEBRUARY 4, 2025

This helps retailers optimise inventory levels, staffing, and promotions for smoother operations and waste reduction. Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. This reduces overstocking and the need for massive markdowns.

Inventory Management 162

Inventory Management Markdowns Checkout Customer Experience 162

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

JUNE 26, 2023

It’s hard to believe that the invention of the UPC — first used by railroads almost 100 years ago and then introduced to speed grocery checkout lines back in 1974 — hasn’t changed. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Doesn’t that sound amazing?!

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Retail TouchPoints

FEBRUARY 12, 2021

The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. Retail companies must collaborate with their partners to gain a full understanding of what will be available in their inventories to sell over the next four to six months.?

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

APRIL 27, 2021

to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. More importantly, an analytics-driven retailer no longer reacts to sales and inventory reports, but instead proactively optimizes its business. check out their story here).

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

V Count

OCTOBER 5, 2022

When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. You will be able to sell more products and minimize the need for markdowns because of these better judgments regarding purchases, sales, and marketing. How do you accomplish that?

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52