Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Independent Retailer

DECEMBER 23, 2022

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories. . Donate Excess Inventory. Adopt a Probabilistic Model of Inventory Management.

Inventory Management 98

Inventory Management Wholesale Management Markdowns 98

Retail TouchPoints

OCTOBER 4, 2024

It’s understandable that retailers are frustrated by persistently high product return rates, especially for ecommerce purchases ( 15.4% Retailers can try to reduce returns by charging fees or adding/keeping friction to the process, but too-stringent policies risk annoying consumers — or worse, discouraging them from making any purchase.

Returns 263

Returns Inventory Management Consumer Management 263

I Vend

NOVEMBER 6, 2023

Retail is still in the post-pandemic shake-down, with some shoppers loving the return to stores, but others now entrenched with ecommerce as their ‘normal’; inflation is still impacting shoppers’ discretionary spend and the cost of living crisis is making many think twice about purchases they would have made without a care a few short years ago.

Inventory Management 90

Inventory Management Management Point of Sale Returns 90

Retail TouchPoints

OCTOBER 6, 2023

To succeed in the holiday peak season and ensure seamless fulfillment, deliveries, and returns, it’s essential for these partners to monitor key metrics, analyze operational data and maintain communication. 4: Return rates. Returns are an inevitable part of retail. Consider the following six metrics as North Star indicators.

Fulfillment 310

Fulfillment Returns Shipping Promotions 310

Retail Focus

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on Retail Focus - Retail Design.

Returns 130

Returns Inventory Management Shipping Management 130

Inside Retail

JUNE 27, 2024

This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core. A better supply chain In a third case, a global jewellery brand was having problems with its order management system (OMS) in the Apac region.

Inventory Management 260

Inventory Management Fulfillment Store Layout Shipping 260

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. . One way to prove the physical store can still drive retail business is by exploring the nascent world of AI-powered assortment planning. The nested store becomes an experiment in demand generation. .

Inventory Management 279

Inventory Management Department Stores Management Shopping 279

Inside Retail

FEBRUARY 8, 2024

Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan.

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

JULY 12, 2021

Good warehousekeeping leads to better customer service through improved inventory management, faster receiving, put-away, picking and shipping times, savings in labor costs and reducing expensive errors. The most difficult question to answer when planning around a transformative investment in the warehouse, like a WMS, is, “why now?”

Merchant Services 279

Merchant Services Fulfillment Shipping Inventory Management 279

Retail TouchPoints

JANUARY 13, 2023

A better bottom line can be achieved by minimizing returns, leveraging user-generated content (UGC) and implementing smart forecasting solutions. At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation. Minimize returns. In the U.S.,

Returns 289

Returns Consumer Inventory Management Customer Experience 289

Retail TouchPoints

OCTOBER 28, 2022

One of the most powerful tools you should implement to ensure your long-term success is a retail Enterprise Resource Planning (ERP) system. CRM modules can also help you manage customer complaints and returns more efficiently as well as track the success of marketing campaigns, making sure future ones achieve even greater success.

Supply Chain Management 278

Supply Chain Management Inventory Management Management Accounting 278

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 264

Inventory Management Point of Sale Promotions Jewelry 264

Retail TouchPoints

SEPTEMBER 13, 2024

Smart stores are still viable tactics in retailers’ broader business strategies, but recent news has proven that retail leaders must think ahead of the curve when it comes to their smart store implementations if they hope to see a return on their digital investments. These adjustments begin at the earliest stages in the planning process.

Payment Services 287

Payment Services Checkout Inventory Management Kiosk 287

DMS Retail

OCTOBER 1, 2021

In this new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

DMS Retail

AUGUST 5, 2021

In this brand new Inventory Management Workshop ONLINE , you’ll get the benefit of a comprehensive program which covers all aspects of the Buying, Inventory Control and Category Management functions as well as Online and Digital Marketing, and much more. Assortment Planning. What is Assortment Planning?,

Inventory Management 59

Inventory Management Management Space Planning Planning 59

Inside Retail

NOVEMBER 6, 2023

As Zebra Technologies’ downloadable e-book Lift Productivity and Improve Execution for the Next-Gen Workforce explains, today’s customers want retailers’ workforces to pick their goods, pack them, ship them, deliver them and return them – all without diminishing in-store service.

Inventory Management 299

Inventory Management Promotions Management Shipping 299

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

In the ever-evolving world of retail, efficient inventory management is the key to success. Retail Inventory Management Software, often abbreviated as RIMS, has become an indispensable tool for retailers of all sizes. What is Retail Inventory Management Software?

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64

Retail TouchPoints

JANUARY 24, 2024

B2B brands should invest in AI-driven CRM (customer relationship management) systems to analyze customer data, offering insights for personalized marketing and sales strategies. These AI applications range from optimizing pricing and inventory management to fraud prevention.

Social Commerce 263

Social Commerce Inventory Management Customer Experience Payment Services 263

Retail TouchPoints

JANUARY 6, 2021

The combination of access to many millions of potential customers and the warehousing, fulfillment and returns services bundled under FBA is a powerful one, according to Elder. It takes care of every fulfillment aspect of your business, even down to product returns. You can focus on growing your business and R&D for your products.

Fulfillment 290

Fulfillment Shipping Inventory Management Returns 290

Inside Retail

FEBRUARY 25, 2024

Among consumer and retail sector respondents, 66 per cent said their organisations were most likely to apply generative AI in analysing customer data and creating personalised recommendations; 64 per cent will use it for trend analysis/predictive analysis for inventory management; and 40 per cent envision it helping them set competitive prices.

Inventory Management 246

Inventory Management Management Consumer Planning 246

Retail TouchPoints

JULY 26, 2021

Building an online presence starts with a well-designed website supported by an effective digital marketing plan. You will need their talents when it comes to: Design Customer experience (CX) Search engine optimization (SEO) Web maintenance Customer engagement Product returns. Fulfillment and Returns. Digital Marketing.

Wholesale 279

Wholesale Payment Services Fulfillment Returns 279

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

Payment Services 263

Payment Services Apparel Inventory Management Department Stores 263

I Vend

JANUARY 13, 2022

iVend Retail Management Suite iVend’s retail technology helps retailers in returns management. Check out our flexible POS, loyalty program and inventory visibility systems. Learn more After the crazy busyness of the holiday shopping season comes…the crazy busyness of the returns season.

Customer Experience 98

Customer Experience Returns Management Inventory Management 98

Retail Smart Guys

DECEMBER 11, 2022

Facts about Inventory Management. The retail industry is constantly changing, and inventory management gives a better understanding of this inconsistent landscape. Additionally, it helps in having a proper cash flow in your business since you are spending money on an inventory that sells and is not stagnant.

Inventory Management 52

Inventory Management Management Markdowns Fulfillment 52

Retail TouchPoints

FEBRUARY 12, 2021

Early adopters have proven that the technology can provide a significant return on investment. RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. RFID can raise inventory visibility up to 99%.

Fulfillment 286

Fulfillment Markdowns Inventory Management Customer Experience 286

RETAIL MANAGEMENT SOFTWARE

APRIL 12, 2022

Enterprise Resource Planning (ERP) has become an inevitable requirement for the retail industry, regardless of the size of the business. All the data gathered by the ERP system is stored in a single database, enables easy accessibility to the data, and helps retailers plan better to overcome different challenges. Inventory management.

Planning 111

Planning Inventory Management Point of Sale Management 111

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

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 28, 2025

According to NRF’s 2024 Retail Technology report, over 75% of retailers are planning significant investments in technology to enhance their operations this year. Retailers are focused on improving pickup options, payment flexibility , and streamlining the return process.

Inventory Management 52

Inventory Management Payment Services Fulfillment Customer Experience 52

Retail TouchPoints

SEPTEMBER 23, 2022

A 3PL provides a safety net for planned or unanticipated increases in demand, so you don’t have to worry about fulfilling scheduled orders or laying off employees when the busy season ends. Since the company owns the warehouse, it can customize the size, location, order and inventory management.

Fulfillment 331

Fulfillment Shipping Inventory Management Management 331

I Vend

APRIL 2, 2025

Omnichannel Integration Your customers no longer differentiate between shopping online and in-store and often want to use a blend of channels within the one transaction such as ordering online and collecting in the store (click and collect), buying online and returning in the store (BORIS) or ordering in-store for home delivery.

Management 52

Management Payment Services Inventory Management Point of Sale 52

Inside Retail

JANUARY 27, 2025

Challenges include fragmentation in the ad buying space, an inability to demonstrate return on ad spend (RoAS), limited ad inventory and the inclusion of various manual tasks, such as designing and launching ad campaigns.

Shipping 130

Shipping Consumer Inventory Management Returns 130

Retail Minded

MAY 3, 2023

Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever. You can optimize inventory management and drive business results, whether you’re a small retailer or a large chain.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

Retail TouchPoints

DECEMBER 28, 2022

A growing retail and ecommerce business can turn an efficient process into a multi-step nightmare with inaccurate purchasing, order fulfillment and returns processes. Hence the undeniable need for robust warehouse management technologies that are future-focused and effortlessly scalable.

Management 279

Management Fulfillment Drop-Shipping Employee Engagement 279

Inside Retail

OCTOBER 21, 2021

“Consumers will expect a frictionless shopping experience and they will expect retailers to offer convenient options such as Click-and-Collect, Buy Now, Pay Later, flexible shipping, easy returns and multiple payment options to make shopping more convenient.”.

Returns 130

Returns Merchant Services Shipping Payment Services 130

Retail TouchPoints

FEBRUARY 27, 2024

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return.

Payment Services 278

Payment Services Wholesale Store Layout Inventory Management 278

365 Retail

FEBRUARY 24, 2022

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. The post Supply chain confidence returning for retailers appeared first on 365 RETAIL | Retail Technology News.

Returns 80

Returns Inventory Management Shipping Management 80