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People have been saying “Retail is dead” for several years now. No, retail isn’t dead. Bad retail is dead. Missed sales due to inventory stockouts are a drain on revenue, unsold merchandise is a drain on cash flow, and carrying too much stock in the backroom is a waste of space that could otherwise be generating sales.
Like many trends, the discourse around DTC is a rollercoaster, ranging from ‘DTC is dead!’ Analyzing over 80 different rigorous peer-reviewed studies on DTC, we discovered a few common insights that prove the DTC model isn’t dead, it’s just evolving and, in fact, it could still be a great way for smaller brands to build customer engagement.
It may not be the sexiest part of your store, and it doesn’t get a lot of customer eyeballs, but your stockroom is still a critical part of your physical location. Once she “ found a dead mouse in a ‘return to vendor’ pile!” . Utilize inventorymanagement software. Shelving, racks, drawers, bins, cabinets, etc.
Furniture inventorymanagement software offers a smarter solution. It provides real-time visibility into your inventory movements across the supply chain. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. The software provides more than just visibility.
Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managinginventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. What is bad inventory called day-to-day? Indicators you’re managing bad inventory.
The result is slow turns, deep markdowns, write-offs, and heaps of deadstock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and deadstock. Sprinkle in some accounting for seasonality and you’ve got inventorymanagement 101.
This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. direct-to-consumer e-commerce orders), retailers now have to worry about fulfilling orders across multiple complex channels and B&M locations. Centralizing fulfillment.
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