Retail TouchPoints

JUNE 26, 2023

A number of major retailers have had some form of adoption because of its ability to materially improve inventory management, but it hasn’t offered the same benefit to the customer experience. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions.

Merchant Services 279

Merchant Services Inventory Management Grocer Customer Experience 279

Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail Minded

AUGUST 1, 2024

Regardless, the importance of inventory management remains the same. We will examine some of the latest technologies, such as barcoding, RFID, and inventory management software. Not only will this provide a seamless customer experience, but it will also make inventory management a lot easier.

Inventory Management 59

Inventory Management Management Markdowns Promotions 59

Wiser

MAY 20, 2020

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. Everyday low pricing is a pricing strategy in which brands and retailers promise consumers that their prices will be consistently low, as opposed to having sporadic discounts or promotions.

Markdowns 148

Markdowns Promotions Inventory Management Consumer 148

M19 Retail

OCTOBER 11, 2024

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software In today’s complex retail environment, managing a supply chain management system is no small feat. This ability to adapt quickly is critical to maintaining a balanced and efficient supply chain.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Markdowns 52

Retalon

APRIL 25, 2017

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. Market Analysis.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

I Vend

OCTOBER 26, 2024

Inventory is a big part of your retail business investment – up to 80% of the total in some cases. Flawless inventory management is therefore one of the most effective things you can do in order to reduce costs and maintain smooth operations. Learn about our integrated POS, inventory management and smart replenishment.

Inventory Management 52

Inventory Management Point of Sale Management Markdowns 52

Wiser

JULY 19, 2017

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management.

Marketing 84

Marketing Promotions Markdowns Advertising 84

Retalon

JUNE 29, 2013

In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Most retailers begin by creating a plan based on the big picture of their business process, and then they purchase the inventory, and allocate it to stores from the DC. Originally Published on PA Times.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 32

Inside Retail

JUNE 20, 2023

By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. It can also provide dynamic routing with adaptations to disruptions and delays and general risk management. GenAI is also transforming inventory management.

Markdowns 130

Markdowns Inventory Management Marketing Promotions 130

Retail Assist

JUNE 22, 2023

It addresses the pain points of inventory management, logistics, and data overload by providing unparalleled visibility across your entire supply chain. With Merret Pro, you can say goodbye to inefficient inventory management and logistical headaches. The result?

Payment Services 52

Payment Services Markdowns Inventory Management Supply Chain Management 52

Retalon

JUNE 18, 2019

Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. These promotions must also fit within your overall promotional strategy which supports your company’s business goals.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

I Vend

SEPTEMBER 20, 2022

By now, you know you need something more for your inventory management—pen and paper just aren’t going to cut it—but you still have questions about cloud-based inventory management software. Earlier this year, 56% of retail business owners said their inventory management was not accurate. What is it?

Management 52

Management Inventory Management Payment Services Markdowns 52

Retalon

JUNE 18, 2019

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them. Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. Percent discounts work best when you promote lower-priced products.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retail Assist

SEPTEMBER 3, 2024

It calls for a seamless integration of all business processes, from inventory management to customer experience. Improved Inventory Management: One of the most critical aspects of retail is inventory management. Staying ahead means more than just knowing your market and customers inside out.

Inventory Management 52

Inventory Management Supply Chain Management Markdowns Customer Experience 52

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory. New products, moving holidays, new promotions, changes in demand, competition, vendor costs and other factors make last year’s sales data unreliable.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retail Design Solutions

FEBRUARY 23, 2024

Retailers in these countries have partnered with tech companies such as Waste-less, whose AI-powered system gauges the risk of food items expiring on the shelf and determines whether a markdown is necessary. Currently, UK supermarkets and food retailers are responsible for approximately 300,000 tonnes of wasted food each year.

Markdowns 52

Markdowns Supermarket Inventory Management Consumer 52

Retalon

OCTOBER 23, 2023

TORONTO (PRWEB) FEBRUARY 04, 2022 Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

Markdowns 41

Markdowns Inventory Management Finance Planning 41

Retalon

FEBRUARY 7, 2022

Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

Markdowns 41

Markdowns Inventory Management Finance Planning 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves. Inventory Management Software.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

JULY 25, 2018

Unified Price, Promotion and Markdown Optimization. Unified Merchandise Planning. Entering the Plateau. Algorithmic Merchandise Optimization. Appendixes. Hype Cycle Phases, Benefit Ratings and Maturity Levels. Gartner Recommended Reading.

Markdowns 32

Markdowns Inventory Management Promotions Planning 32

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 5. Failed retail promotions.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Occasion attributes – Another product group can be formed based on products that behave similarly during specific holidays, seasons, or promotions.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

JANUARY 20, 2014

This annual list of companies is selected by a panel of experts and members of CIO Review’s editorial board to recognize and promote technology entrepreneurship. Retalon has helped businesses plan their operations, optimize prices and markdowns, and ensure efficiency in supply chain and inventory management processes.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

FEBRUARY 13, 2018

Business Intelligence (BI) and traditional forecasting methodology can provide visibility into a retailer’s past sales, promotions, stock levels, and more. The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

AUGUST 14, 2023

Inventory management, order fulfillment, and sales data are integrated in one centralized system instead of siloed by channel. Unlocking Revenue Growth Potential More sales avenues and integrated inventory planning mean higher conversion rates and reduced markdowns. This reduces markdowns, clearance sales, and waste.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 1, 2020

Without historical data to draw upon, how do you predict the best way to allocate them to stores, pricing, promotional demand, and balance online versus in-store sales? Guess wrong and you will run out of inventory, have too much inventory, or have the right inventory in the wrong place. – all costly mistakes.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

JANUARY 5, 2021

Most of today’s inventory management issues start at the level of forecasting. Or that new promotional strategies will lead to an uplift for discounted products, while likely reducing sales for similar, regular-priced items. Why isn’t the current method working? And this is just the tip of the iceberg.

Location 41

Location Inventory Management Markdowns Fulfillment 41

V Count

OCTOBER 5, 2022

You may want to sell more of these items or promote them more prominently in your store. When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. Invest in marketing and promotions that generate a positive return on investment.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Foot Traffic 9.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41