Small Biz Trends

JULY 28, 2025

Utilizing technology, such as barcode systems , can improve inventory accuracy by up to 99%. Regular audits and monitoring performance metrics, like inventory turnover ratios, are critical for maintaining accurate records. This proactive approach helps minimize the chance of holding obsolete inventory.

Inventory Management

CJ Retail Solutions

JULY 21, 2025

By implementing technology solutions that integrate inventory data from both online and physical stores, you can ensure accurate stock levels are reflected at all times. This not only improves customer satisfaction but also optimizes inventory turnover rates, reducing excess stock and minimizing markdowns on unsold items.

Shopping

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes.

Inventory Management

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

365 Retail

JUNE 5, 2024

Streamlining Order Fulfillment and Delivery For many shoppers, fast and affordable delivery is non-negotiable. Some retailers have even implemented innovative pick-to-light and voice-directed systems to make order fulfilment faster and error-free. Retailers can tap into smart routing software to optimize delivery logistics.

Payment Services

Retalon

AUGUST 5, 2020

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Retailers must maintain a healthy In-Stock Percentage for every product at every store, in order to avoid out-of-stocks, lost sales, failed promotions, and costly markdowns.

Inventory Turnover

Retalon

FEBRUARY 10, 2022

Indicators you’re managing bad inventory. You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A low rate of inventory turnover. No room for in-demand inventory .

Management