RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

AUGUST 14, 2023

Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Furniture inventory management software offers a smarter solution.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Retail TouchPoints

JANUARY 15, 2024

Nvidia surveyed more than 400 retail professionals at all organizational levels and found that while AI adoption is still in its early stages, more than 60% of respondents are planning to boost their AI investments in the next 18 months. But many of these tasks may just represent the low-hanging AI fruit.

Loss Prevention 303

Loss Prevention Planning Customer Experience Inventory Management 303

Retail TouchPoints

AUGUST 5, 2024

“For example, if a customer does a product return at the register, and then [the product] gets reintroduced into inventory — all those steps are built into the process now. Additionally, Jumpmind built an inventory management tool into the POS, so we can transfer product, receive product and do cycle counts — it’s all baked in now.”

Inventory Management 252

Inventory Management Point of Sale Promotions Jewelry 252

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. While the specifics of inventory planning can vary from one retailer to another, one thing remains constant – timing is everything. These can affect product costs and availability.

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Planning Inventory Management Promotions Shipping 52

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 262

Markdowns Retailing Pricing Promotions Fulfillment 262

Retail TouchPoints

JANUARY 6, 2023

The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly. Promotions can be Effective in this ‘Deal-Seeking’ Environment. Unfortunately, history isn’t providing retailers with much guidance.

Payment Services 335

Payment Services Promotions Consumer Inventory Management 335

365 Retail

SEPTEMBER 16, 2024

Smart financial planning is essential to navigating these challenges effectively, ensuring smooth operations, and ultimately driving growth. This guide provides actionable strategies to streamline retail operations by setting clear financial priorities, managing cash flow, and optimising resources.

Payment Services 52

Payment Services Planning Inventory Management Management 52

Inside Retail

FEBRUARY 8, 2024

Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Clover - Retail

OCTOBER 10, 2024

To help you manage your energy over the long shopping season, delegate to other team members early and add automation tools–like Clover inventory management and other apps from the Clover App Market –like Order Paper –to keep things running smoothly. Test new deals and promotions at a time when people are motivated to spend.

Merchant Services 110

Merchant Services Promotions Inventory Management Payment Services 110

Retail Smart Guys

DECEMBER 6, 2023

In the ever-evolving world of retail, one thing remains constant – the power of promotions to captivate shoppers and boost sales. Whether it’s the allure of clearance sales, the excitement of flash sales, or the intrigue of buy-one-get-one deals, retail promotions are an essential tool in any retailer’s arsenal.

Promotions 52

Promotions Inventory Management Returns Marketing 52

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. They also offer discounts, promotions, free shipping and other value-added services for substitute products to make them more appealing. Saxena’s previous product experience is in building retail planning solutions at Blue Yonder.

Customer Experience 247

Customer Experience Inventory Management Fulfillment Inventory Turnover 247

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA). About Mi9 Retail.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Wiser

NOVEMBER 19, 2024

This allows headquarters and field teams to correlate store conditions (like product placement, promotion compliance, and availability) with actual sales performance, leading to smarter, faster decision-making. Identify trends in promotion execution or availability that may be affecting performance.

Promotions 78

Promotions Inventory Management Consumer Accounting 78

I Vend

MAY 8, 2024

Inventory management – Managing inventory in wine and liquor retail can prove to be a big headache. Loyalty and promotions – liquor retailers want to create loyal customers who return to the store for all their alcohol purchases. A loyalty system and tailored promotions encourage this behaviour.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 2: Order cycle time.

Fulfillment 279

Fulfillment Returns Shipping Promotions 279

Inside Retail

NOVEMBER 6, 2023

“Zebra Workcloud is a purpose-built suite of enterprise applications designed specifically for the front-line worker to better optimise labour decisions, simplify and streamline communication and improve inventory management.”

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Wiser

OCTOBER 29, 2024

It’s no surprise that 63.88% of shoppers expect pricing and promotions to be consistent across online and in-store channels. Consumers often plan their shopping journeys around what’s in stock, and inaccurate inventory information can quickly lead them to turn to competitors.

Management 78

Management Inventory Management Consumer Promotions 78

RETAIL MANAGEMENT SOFTWARE

MAY 21, 2024

One such solution that has been gaining significant traction in recent years is Enterprise Resource Planning (ERP) software. From inventory management issues to poor integration between systems, these pain points can significantly impact a retailer’s bottom line. What is ERP in Retail?

Inventory Management 87

Inventory Management Supply Chain Management Promotions Management 87

Retail TouchPoints

OCTOBER 16, 2024

retailers currently use AI in their strategies, with 97% planning to increase investments in 2024. According to one Gartner Market Guide : “By 2025, the top 10 global retailers by revenue will leverage contextualized real-time pricing…to manage and adjust in-store prices for customers.” through 2028.

Consumer 280

Consumer Retailing Pricing Inventory Management Promotions 280

Inside Retail

AUGUST 11, 2023

points to 42 per cent, driven by higher levels of promotional activity. These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.” The numbers of orders and active customers dropped 28.1 per cent and 19 per cent, respectively. Revenue was down 18.6 per cent to $376.9

Fashion 130

Fashion Inventory Management Promotions Marketing 130

Retail Smart Guys

OCTOBER 29, 2024

1 Develop a Comprehensive Marketing Plan Create an extensive marketing schedule that highlights key selling opportunities and seasonal promotions. 2 Optimize Your Inventory Management Anticipate increased foot traffic by assessing inventory needs in advance. . #2

Inventory Management 52

Inventory Management Promotions Planning Management 52

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Retail TouchPoints

SEPTEMBER 22, 2022

Retailers are planning to cut back in one area: marketing. Companies plan to spend 30% of their marketing budget during the holidays, down from 36% in 2021. Kramer expects this to be offset by more promotional activity, which he called “one of the more significant levers that retailers can pull.”

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Promotions Fulfillment Inventory Management Drop-Shipping 241

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

According to recent research, nearly half of all retailers have already invested in in-store technology, and over 80% of the remainder plan to do so within the following year. Top-performing teams: Pinpoint-Specific Problems: Retailers often face significant inefficiencies in pricing & promotion execution and managing stocks.

Inventory Management 95

Inventory Management Shrinkage Promotions Store Operations 95

Retail Smart Guys

SEPTEMBER 20, 2023

By creating a structured maintenance checklist, you can ensure that every aspect of your store is well-maintained, promoting a positive shopping experience and maximizing profitability. Plan for repairs or repaint as necessary. Stock Levels: Regularly check inventory levels and reorder products as needed.

Inventory Management 105

Inventory Management Promotions Management Planning 105

Retail Focus

SEPTEMBER 14, 2024

It encompasses key activities like product selection, placement, pricing, and promotional tactics. Assortment planning, another critical aspect, involves determining the range and variety of products to offer in certain categories, ensuring there’s something to meet the needs and desires of every potential customer.

Fashion 130

Fashion Visual Merchandising Store Layout Inventory Management 130

Retail TouchPoints

AUGUST 27, 2021

In essence, these moves represent a strong push among brands to pivot to a customer-first mindset in their retail planning. . Facing the complex task of data analysis, artificial intelligence can help retailers determine customer promotions of interest and potential customer churn.

Inventory Management 274

Inventory Management Department Stores Management Shopping 274

Bindo

APRIL 13, 2017

Why Is Inventory Management Important. Inventory management remains the cornerstone of successful retail. Experienced retailers understand the importance of metrics taken from inventory management. Inventory management helps take the guesswork out and place retail products in the store correctly.

Inventory Management 40

Inventory Management Management Location Promotions 40

Retail TouchPoints

SEPTEMBER 7, 2022

For a store-within-a-store, those challenges are magnified by offering a wide range of rate plans, which means working with multiple carriers. Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time.

Kiosk 247

Kiosk Inventory Management Management Accounting 247

Wiser

JUNE 18, 2024

Implement Robust Inventory Management Systems Effective inventory management is the cornerstone of preventing OOS situations. Utilize advanced inventory management software that provides real-time updates on stock levels. Key Steps: Conduct regular inventory audits to ensure accuracy.

Inventory Management 78

Inventory Management Management Planning Consumer 78

I Vend

OCTOBER 10, 2023

Read more The next best thing, however, for planning business growth, is research-based predictions, and last month, Retail Info Systems (RIS) brought retailers just that, in the form of their fourth annual guide to the peak selling season. * iVend helps retailers iVend helps retailers make the most of the holiday season.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Retail Focus

SEPTEMBER 7, 2021

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. The first affects stock inventory management. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Storis

SEPTEMBER 19, 2024

By integrating digital price tags with your inventory management system, you can synchronize pricing data in real time, thereby eliminating discrepancies between your in-store digital price tags and website prices.

Inventory Management 52

Inventory Management Promotions Management Consumer 52

Retail TouchPoints

MARCH 15, 2024

Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. The fact that you can adapt your digital display very quickly as compared to physical inventory management allows businesses to benefit from multiple types of external data.

Inventory Management 242

Inventory Management Telecommunications Location Marketing 242

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces.

Merchant Services 252

Merchant Services Payment Services Promotions Location 252

I Vend

JULY 9, 2024

. • Single view of inventory – a partnership with a retail technology POS provider that integrates inventory management with sales data to provide a real-time, single view of inventory is the ‘secret sauce’ to avoiding the twin pitfalls of inventory management: stock-outs and excess stock.

Inventory Management 52

Inventory Management Supply Chain Management Payment Services Checkout 52