Remove Inventory Management Remove Markdowns Remove Retail Marketing
article thumbnail

Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Retailers are integrating AI with bricks-and-mortar shops and online platforms to give the shopping experience a remarkable transformation, enhancing both customer satisfaction and operational efficiency. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

article thumbnail

Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

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. In this report: Market Definition. Market Analysis. Market Introduction. Market Recommendations. Representative Vendors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Evaluate your Business’s Inventory Planning: Here’s a 10-Point Checklist

Retail Smart Guys

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured.

article thumbnail

Key Tips for Leveraging Personalization in the Retail Industry

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

article thumbnail

Personalization vs. Consistency in the Retail Customer Experience

Retalon

It’s a balancing act that grows more challenging as the retail industry continues to evolve, increasing consumers options and placing pressure on retailers to accommodate them. Consider high-end fashion labels like Louis Vuitton that simply refuse to undercut premium pricing or even offer any markdowns.

article thumbnail

The Order Fulfillment Process in 2022 and Beyond

Retalon

The issue is that retailers are overwhelmed by the number of SKUs and locations that need to be considered. Many cope by using generalized approaches for allocation like category-level inventory management. Knowing demand at SKU/store level means that inventory is allocated to the customer’s closest location.