Retail TouchPoints

DECEMBER 25, 2023

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.

Customer Experience 282

Customer Experience Dead-Stock Store Layout Point of Sale 282

Retail TouchPoints

JULY 14, 2023

This involves inputting key words that can result in a dead link or generating unwanted products in some cases. By analyzing past sales data and using machine learning algorithms, businesses can ensure that they have the right products in stock at the right time. This helps minimize stockouts or overstocks during peak seasons.

Fulfillment 244

Fulfillment Dead-Stock Customer Experience Inventory Management 244

Inside Retail

MARCH 21, 2024

Online, while price is the standout reason consumers will love a retailer, out-of-stock (at 44 per cent) is the most common reason consumers will avoid one. Finding out it’s unavailable feels like a dead end. But an out-of-stock item throws a wrench in that. The beauty of online shopping is its ease.

Consumer 130

Consumer Dead-Stock Finance Inventory Management 130

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. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. The software provides more than just visibility.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

I Vend

SEPTEMBER 1, 2022

Flawless inventory management – inventory sitting in the warehouse represents a cost to retailers; a cost that can be managed down if stock turns can be increased. Retail data analytics – retails stores need to have a clear view of what products are selling, where and when, and any changes in demand.

Dead-Stock 98

Dead-Stock Payment Services Sporting Goods Inventory Management 98

Storis

MAY 23, 2024

The following is used for the Turns formula: Turns = Year’s Cost Of Goods Sold $/Year’s Avg Units On Hand * Year’s Avg Unit Cost $ This ratio provides insight into how quickly a business can convert its stock into sales. Additionally, regular inventory audits are essential to identify non-performing items.

Inventory Turnover 52

Inventory Turnover Payment Services Dead-Stock Inventory Management 52

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. The DCs and logistics functions provide inventory/supply chain data, as well as the procurement/purchasing department, e-commerce, and more. How much extra inventory should be ordered for planned promotions?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32