Inside Retail

JULY 18, 2024

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Good planning tools arrive at consensus forecasts from every area of the business.

Planning 147

Planning Inventory Turnover Consumer Location 147

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. 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 Focus

AUGUST 8, 2023

Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Storis

MAY 23, 2024

In the context of furniture retail, where capital investments in inventory can be substantial, proactive cash flow management is crucial for maintaining financial stability and seizing growth opportunities. Inventory turnover, or inventory turns, is defined as the inventory turnover ratio.

Inventory Turnover 52

Inventory Turnover Payment Services Dead-Stock Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

With a surge in consumer demand, retailers must juggle inventory, staff, and customer service efficiently to maximize sales and ensure smooth operations. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly. Streamline coordination between different departments (e.g.,

Inventory Management 111

Inventory Management Inventory Turnover Management Customer Experience 111

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle. Utilize drop shipments to avoid excess inventory on hand – Drop-shipping products allow you transfer customer orders directly to the manufacturer.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

CJ Retail Solutions

AUGUST 26, 2024

In-store promotions and events can be evaluated using KPIs to determine their impact on sales and foot traffic, guiding future strategies. Employing KPIs is crucial for retailers to keep a competitive edge and achieve long-term growth in the highly competitive retail environment of today, where consumers have a multitude of options.

Marketing 52

Marketing Visual Merchandising Inventory Turnover Store Layout 52

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. How effective are their promotional campaigns? 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 41

Inventory Turnover Promotions Merchant Services Markdowns 41

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs. This adaptability ensures retailers stay ahead of the curve.

Management 40

Management Inventory Turnover Promotions Inventory Management 40

I Vend

JANUARY 18, 2025

The system enables: Access to customer purchase history across all locations Consistent pricing and promotions implementation Seamless returns and exchanges at any store Integrated loyalty programs that work across all outlets Improved Data Analytics and Reporting: Making informed business decisions requires comprehensive data analysis.

Location 52

Location Inventory Turnover Inventory Management Management 52

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. However, manual methods are time-consuming and prone to errors. Enter smart inventory management systems. It even accounts for seasonal trends, promotions, and supplier lead times. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

CJ Retail Solutions

AUGUST 8, 2024

Product merchandising is a critical component of retail operations, focusing on the strategic presentation and promotion of goods to stimulate customer interest and drive sales. Beyond its impact on sales, product merchandising plays a crucial role in inventory management.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

FEBRUARY 10, 2025

This process is not only time-consuming but also increases the risk of outdated information influencing critical decisions. High risk of human error Manual planning processes are time-consuming and prone to mistakes, leading to lost sales opportunities and excess inventory.

Planning 41

Planning Inventory Turnover Markdowns Location 41

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. Local Promotions. KPIs for products from a promotional flyer.

Management 52

Management Promotions Inventory Turnover Shopping 52

Rangeme

DECEMBER 16, 2021

While retailers and consumer packaged goods (CPG) suppliers have had to grapple with COVID-19 and digital transformation, now they must also manage reduced capacity along the global supply chain, hampering holiday sales success. Study: 98% of retail execs report supply chain issues ahead of holidays. Retail Dive. October 29, 2021. RetailWire.

Shipping 52

Shipping Dead-Stock Beauty and Health Inventory Turnover 52

Retalon

AUGUST 14, 2023

Improving Inventory Turnover Excess stocks tying up cash flow are the bane of any retail business. Inventory management software provides perpetual cycle counting and analysis of turnover rates by SKU. This ensures you have just enough stock to meet sales requirements without excess inventory.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41