Remove Finance Remove Inventory Turnover Remove Promotions
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Understanding the Modern Category Manager: Overcoming Daily Challenges with Smarter Solutions

Wiser

They are responsible for building a profitable, well-curated product assortment while ensuring pricing, promotions, and merchandising strategies align with business objectives. Their days are a flood of supplier negotiations, promotional planning, and cross-functional meetingsall demanding swift, strategic decision-making.

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Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. It even accounts for seasonal trends, promotions, and supplier lead times. Managers can visualize metrics like sales trends, inventory turnover, and customer lifetime value.

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How to Choose the Best Software for Your Home Decor and Furniture Store: Key Features and Benefits

RETAIL MANAGEMENT SOFTWARE

Pricing Management : Set and adjust prices easily, including discounts, promotions, and seasonal sales. Accounting & Financing Software : Financial Reporting : Generate comprehensive financial reports to track revenue, expenses, and profitability.

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What is Open to Buy? – definition, formula, examples

Retalon

There is one exception: sold but undelivered products are not counted as Beginning of Month Inventory. Other sales periods, such as promotional seasons, are also useful. It’s part of a three-step open to buy process: Step 1 – Know your inventory turnover. Turnover rates impact OTB. OTB Planning Software.