Remove Inventory Management Remove Planning Remove Retailing Pricing
article thumbnail

How AI is Revolutionising the Retail Sector

Retail Focus

Predictive analytics provides retailers with a data-driven approach to demand planning and inventory management. Optimised Pricing Finding the optimal price point to maximise profits while remaining competitive is a constant balancing act in retail. This improves productivity and reduces costs.

article thumbnail

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

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. Many retailers used to approach promotions in a standardized, blanketed way, but with AI, they can now zero in on what Gartner calls the customer’s “biting point.”

Markdowns 278
Insiders

Sign Up for our Newsletter

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

article thumbnail

Ideoclick Expands Advertising Expertise to Instacart, Walmart and Target

Retail TouchPoints

Other benefits of the platform include: Ability to measure share of search on Amazon : Brands can use Ideoclick’s flagship methodology to compare with peers on percentage of estimated traffic, star ratings, review counts, price points and more for chosen search terms; Holistic “one-stop-shop” management: Ideoclick strategists can help companies build (..)

article thumbnail

Preparing For Peak; Five Tips For Getting Supply Chains Fit For The Festive Season

Retail Focus

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.

article thumbnail

From Chaos to Control: How Apparel Inventory Software Can Transform Your Fashion Business

RETAIL MANAGEMENT SOFTWARE

To thrive, clothing retailers must be agile, responsive, and committed to achieving success. Yet, many apparel retailers find themselves grappling with a myriad of challenges that hinder their growth and efficiency. Fortunately, there’s a game-changing solution on the horizon: apparel inventory software.

Apparel 52
article thumbnail

Step Up Your Shoe Game: Top Footwear ERP Software Features, Benefits, and Selection Guide

RETAIL MANAGEMENT SOFTWARE

Are you a footwear brand owner struggling with the complexities of inventory management, sales tracking, and customer data maintenance? The footwear retail industry can be overwhelming, especially when relying on outdated systems or processes that can’t keep pace with the industry’s evolving demands.

article thumbnail

Dynamic Pricing with Digital Price Tags

Storis

Customers are savvy researchers, and many are price-motivated. Embracing innovative solutions like digital price tags can be the game-changer you’ve been seeking to maintain dynamic retail pricing efficiently.