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One of the key inventory metrics retailers track is inventoryturnover. Inventoryturnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.
Pricing and Discount Management: Flexible pricing structures that allow for volume-based discounts, contract pricing, tiered pricing, and promotional pricing to attract and retain customers while maximizing profitability.
In fast-paced retail environments, where demand can shift due to seasonality, promotions, and external factors (e.g., weather changes, economic conditions), working with old data can lead to poor inventory decisions. weather, promotions, competitor activity) to generate precise demand forecasts.
Improving InventoryTurnover 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.
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