Retail TouchPoints

APRIL 25, 2022

As a result, businesses looking to gain a competitive advantage in the global marketplace are investing more heavily in supply chain management. The supply chain challenges of the past few years have underscored the importance of proper and efficient supply chain management. Navigating the Dynamic and Evolving Shipping Industry.

Supply Chain Management 278

Supply Chain Management Inventory Management Shipping Management 278

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 93

Inventory Management Wholesale Management Markdowns 93

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. This allows your employees to pick directly into the box with pre-calculated dimensions and shipping weight.

Merchant Services 271

Merchant Services Fulfillment Shipping Inventory Management 271

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

Retail TouchPoints

SEPTEMBER 23, 2022

In internal fulfillment, the business handles the complete process of storing, packing and shipping. The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Also, packaging can be fully customizable.

Fulfillment 290

Fulfillment Shipping Inventory Management Management 290

Retail TouchPoints

NOVEMBER 17, 2023

Shipping delays and stockouts lead to frustration and disappointment, especially when logistical problems impact time-sensitive purchases, such as special occasion gifts, event tickets or prescription medications. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

Customer Experience 229

Customer Experience Inventory Management Fulfillment Inventory Turnover 229

Retail TouchPoints

OCTOBER 3, 2023

It was no longer enough to route orders to a handful of DCs and drop ship vendors. When it came to inventory planning and optimization, stores were planned, allocated and/or replenished, and transacted with their customers entirely separately from the digital channel.

Fulfillment 227

Fulfillment Drop-Shipping Shipping Markdowns 227

Retail TouchPoints

AUGUST 29, 2024

Most retailers are now rolling out RFID inventory management use cases like receiving, adjustments and cycle counting via handheld reader. Each time a unit of inventory isn’t actually where the Order Management System (OMS) or store system expects it to be, retailers risk diminishing their customer experience.

Customer Experience 246

Customer Experience Shipping Inventory Management Management 246

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. 3: Order accuracy.

Fulfillment 259

Fulfillment Returns Shipping Promotions 259

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 TouchPoints

FEBRUARY 10, 2022

It’s now available on-demand , which makes this a good time to issue a spoiler alert: if you haven’t seen the episode yet but plan to, don’t read any further until you have. As Leite shares at the end of the episode, she plans to triple the company’s revenue over the next five years. million on inventory management solutions; $1.2

Inventory Management 289

Inventory Management Beauty and Health Management Point of Sale 289

Retail TouchPoints

NOVEMBER 20, 2023

Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. This approach to in-store product placement allows employees to easily monitor popular items and acknowledge customers in areas where they are displayed.

Payment Services 306

Payment Services Sporting Goods Inventory Management Loss Prevention 306

Inside Retail

AUGUST 10, 2022

Building a winning strategy through product catalogue selection, pricing, inventory management and great customer service. Start with a plan during each phase and continuously evaluate and modify plans, as needed, to achieve – and sustain – winning results. Bringing it all together.

Advertising 246

Advertising Fulfillment Shipping Inventory Management 246

Retail TouchPoints

JANUARY 6, 2021

If I order, for example, 100 radios from the factory and ship them to Los Angeles, they get checked in at Amazon’s warehouse. When I sell one, Amazon is pulling the item from the warehouse shelf and taking care of inventory management, taxes, paperwork — it takes logistics completely off of my business plan.

Fulfillment 284

Fulfillment Shipping Inventory Management Returns 284

Retail TouchPoints

MAY 10, 2023

Technology Leads to Category Leadership Shipping technology has significantly improved in recent years and is now a massive determinant of CPG brand success. For example, Walmart leverages data and analytics to analyze inventory levels, sales data and customer demand to minimize waste and make accurate inventory management decisions.

Shipping 237

Shipping Inventory Management Location Management 237

Inside Retail

OCTOBER 29, 2024

Among the essential components of a retail tech stack is a powerful shipping and logistics solution like ShipStation, which stands out due to its extensive integration capabilities. Inventory management systems For retailers, managing inventory efficiently is crucial to meeting demand without overstocking.

Shipping 147

Shipping Inventory Management Inventory Turnover Fulfillment 147

Retail TouchPoints

AUGUST 5, 2024

That helped adoption, and it also just runs faster,” than The Paper Store’s previous POS system, which had required three separate logins for POS, inventory queries and ship-to-home functionality. The retailer also has tapped Jumpmind’s Promote application for managing deals and promotions.

Inventory Management 236

Inventory Management Point of Sale Promotions Jewelry 236

Retail TouchPoints

JULY 14, 2021

“If both parties began looking at a variety of data sets, but through the same lens, there would be much more strategic alignment and much less of a disconnect visible in inventory management,” noted Melissa Minkow, Retail Industry Lead at CI&T in an interview with Retail TouchPoints. Why is this such an issue for both parties?

Inventory Management 260

Inventory Management Grocer Consumer Planning 260

Retail TouchPoints

JANUARY 9, 2024

In 2020 he joined Alibaba, where he is now tasked with developing the company’s strategy and building platform-level solutions around international shipping, logistics, cross-border trade and global expansion. Post-pandemic, the focus has shifted from managing disruptions to more proactive planning around supply chain resilience.

Merchant Services 226

Merchant Services Shipping Fulfillment Management 226

Retail Focus

SEPTEMBER 7, 2021

There are numerous headlines about shipping delays and stock shortages, and growing concerns about getting goods to the UK in time to satisfy festive sales demand. Months and months of rising shipping costs are creating some optimism that the surge in transportation prices is nearing its peak. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Retail TouchPoints

JULY 13, 2023

For instance, having accurate visibility into inventory counts can help retailers decide when it’s better to ship from a store versus a warehouse. While leveraging marketplaces and other wholesale partners can boost sales and name recognition, it also adds a whole extra layer of complexity to inventory management.

Drop-Shipping 190

Drop-Shipping Fulfillment Shipping Wholesale 190

Retail TouchPoints

APRIL 26, 2022

The rapidly growing retailer, which raised $100 million in a February 2022 funding round, plans to open 25 new stores in 2022 , with more coming in 2023. How do you plan on using this capital to expand and improve operations? Foxtrot is taking its own approach to the rapid delivery market by embracing a fully omnichannel operation.

Payment Services 243

Payment Services Drop-Shipping Shipping Inventory Management 243

Retail TouchPoints

JULY 26, 2021

Building an online presence starts with a well-designed website supported by an effective digital marketing plan. Wholesalers are used to shipping pallets and containers from one warehouse to another. If they’re selling on Amazon or another retail marketplace, they may also have some level of online presence to leverage.

Wholesale 268

Wholesale Payment Services Fulfillment Returns 268

Retail TouchPoints

APRIL 21, 2022

All they know is that shipping delays require them to look elsewhere to meet their needs. To avoid this outcome, your business needs to use intelligent planning and analytics technology to develop its own modern supply chain management solutions. 3 Ways to Modernize Your Supply Chain Management Processes.

Supply Chain Management 214

Supply Chain Management Planning Shipping Management 214

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 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.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Retail TouchPoints

JANUARY 10, 2023

Further, excess inventory can lead to lost revenue because products that are not sold quickly can become obsolete or go out of fashion. Here are four tactics that retailers and ecommerce sellers can employ to eliminate excess inventory and mitigate the impact of the holiday hangover as they plan for 2023: 1: Diversify sales channels.

Payment Services 231

Payment Services Drop-Shipping Fulfillment Shipping 231

Retail TouchPoints

DECEMBER 28, 2022

Drones: Leveraging drones for shipping and delivery fulfillment came to attention when Amazon revealed their ‘Octocopter’ in 2013. Anshuman Agarwal is a seasoned leader in the ecommerce and retail technology industry.

Management 259

Management Fulfillment Drop-Shipping Employee Engagement 259

Retail TouchPoints

NOVEMBER 18, 2021

Recent data shows that people plan to buy more gifts and spend more money than they did in 2020. In this rapidly changing environment, retailers need a powerful data platform that can help them adapt and respond with more flexibility and agility than ever before to capture digital and omnichannel shoppers and optimize their inventory.

Supply Chain Management 226

Supply Chain Management Fulfillment Shipping Inventory Management 226

Retail TouchPoints

DECEMBER 26, 2022

online shoppers expect free two- to three-day shipping.”. Paying exorbitant prices for unprofitable next-day or second-day air shipping or 2. Shipping everything via ground, which results in slow delivery times. What are your expectations for speed of delivery and the cost of shipping? billion by 2027.

Fulfillment 157

Fulfillment Drop-Shipping Shipping Inventory Management 157

Inside Retail

JULY 14, 2024

One way retailers can navigate this issue is by using AI-powered predictive technology to account for various factors, from social media trends to weather patterns to previous sales numbers, to more accurately order inventory. Walmart has been using advanced AI technology to optimise inventory management for a few years already.

Shopping 130

Shopping Fulfillment Shipping Inventory Management 130

Retail TouchPoints

JANUARY 13, 2023

At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation. Just over a fifth of Gen Z and millennials say they’re planning to buy more second-hand clothing due to rising costs, and we may see this number continue to grow,” the report added. In the U.S.,

Returns 250

Returns Consumer Inventory Management Customer Experience 250

Retail TouchPoints

OCTOBER 1, 2021

Knowing the specific obstacles between you and the products you’re waiting for is the first step in figuring out a plan to work around shortages and rebuild inventory. For instance, if a certain item is being continuously backed up in ship and train containers, look for ways to get it shipped via air.

Shipping 175

Shipping Payment Services Inventory Management Fulfillment 175

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. This change can be attributed to retailers pursuing better inventory management. Inventory availability is not really a concern that anybody’s pointing to.

Promotions 229

Promotions Fulfillment Inventory Management Drop-Shipping 229

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 232

Merchant Services Payment Services Promotions Location 232

Retail TouchPoints

JANUARY 25, 2022

If shipping is delayed and orders are late, tell your customers. 4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations. 3) Think Big: Build loyal relationships. What does this mean?

Management 242

Management Marketing Customer Experience Inventory Management 242

Retail Focus

FEBRUARY 24, 2022

These retailers cited the ongoing impact of COVID, Brexit-related changes and rising shipping costs as the three biggest risks preventing supply chains from stabilising. Senior professionals with responsibility for stock inventory management were asked for their opinions on trends affecting supply chain operations.

Returns 130

Returns Inventory Management Shipping Management 130