Inside Retail

JULY 18, 2024

For example, if you ask Quantiful’s AI engine to predict 15 days of demand in 45 days, you can expect a forecast with up to 85 per cent accuracy down to SKU location level. Cormack says the optimal inventory turn rate is around nine times annually – or every 40 days. Consumer demand can vary by geography or by a single store.

Planning 147

Planning Inventory Turnover Consumer Location 147

Inside Retail

JUNE 28, 2022

The 684.6sqm retail space is located in Setia City Mall, one of the largest shopping complexes in Shah Alam. Store managers can then replenish the inventory with tailored options to achieve rapid inventory turnover, thus reducing inventory costs. Miniso 3.0, An eclectic design team.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

I Vend

JANUARY 18, 2025

It is very essential to manage multiple store locations in an efficient manner for business success. Let’s explore how implementing a unified Retail POS System can transform your multi-location business operations and drive growth. Read about how we help streamline retail operations.

Location 52

Location Inventory Turnover Inventory Management Management 52

Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Consider investing in technology that enables unified commerce across multiple channels, and caters to consumer preferences regarding shopping location, time and method.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes. Maximize inventory turnover- Increase turn rate to move product gradually through the purchasing cycle.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Inside Retail

JANUARY 30, 2024

Xue stated that JD Logistics already operates several self-operated warehouses across key European locations, including the UK, France, Germany and more.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

Enhanced Team Communication and Collaboration Effective communication is crucial for retail success, especially during the holiday season when staff are dealing with increased customer traffic and inventory turnover. Managers can oversee workflows and provide support, no matter where employees are located.

Inventory Management 111

Inventory Management Inventory Turnover Management Customer Experience 111

I Vend

SEPTEMBER 10, 2023

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. Your retail POS system can help to manage the ‘5 Ss of retail operation’ – stock, space, staff, standards and systems. + Ambitious retailers the world over want to grow.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111

M19 Retail

FEBRUARY 7, 2025

Our solution is designed specifically for multi-chain retail businesses that need a robust, comprehensive system to manage their operations across multiple locations. Advanced Inventory Control Inventory management is a significant pain point for growing businesses, especially those expanding into multiple locations.

Supply Chain Management 52

Supply Chain Management Inventory Turnover Point of Sale Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

Product Categorization : Effective product categorization is a crucial feature of Retail Inventory Management Software. It allows retailers to classify products into different categories, subcategories, or tags, making it easier to organize and locate items.

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64

Storis

SEPTEMBER 16, 2024

Custom Reporting and Analytics: Robust reporting tools enable retailers to generate customized reports on inventory turnover, warranty claims, repair trends, and other key metrics, empowering data-driven insights and continuous improvement initiatives.

Inventory Management 52

Inventory Management Inventory Turnover Management Point of Sale 52

Retalon

AUGUST 5, 2020

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Inventory Turnover Ratio. The Inventory Turnover Ratio represents the total cost of goods sold over a period divided by the average inventory cost.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Inventory Distribution : Manage inventory distribution across multiple locations to ensure stock availability where needed. Inventory Analytics : Analyze inventory turnover rates, stock levels, and supplier performance to optimize inventory management.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 52

Retalon

FEBRUARY 15, 2022

When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Consider just a few things that change from year to year: Changes in product mix Channels and locations open, close, or move. Increased inventory turnover.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retail Minded

MAY 3, 2023

Using scanners, such as RFID scanners from Lowry , is an excellent tool for improving inventory count accuracy. These scanners use radio waves to read electronic tags on products, allowing quick and accurate inventory location and quantity identification. It improves accuracy and saves time compared to manual counting.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 13, 2024

Scalability and Competitive Edge: Efficient software solutions for optical stores support seamless growth by scaling to handle larger inventories, higher sales volumes, and multiple locations. Inventory Reports: Track inventory turnover rates, identify slow-moving items, and optimize stock levels.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

FEBRUARY 10, 2025

As a business grows and introduces more products, locations, and channels, the complexity of managing merchandise planning increases exponentially. Spreadsheets, which work for small-scale operations, become cumbersome and unreliable for multi-location retailers managing thousands of SKUs.

Planning 41

Planning Inventory Turnover Markdowns Location 41

Storis

SEPTEMBER 12, 2024

The Key to Unlocking Efficiency and Profitability In the fast-paced world of furniture retail, managing inventory across multiple locations presents a formidable challenge. Efficient inventory management is crucial for success in the furniture retail industry.

Inventory Management 52

Inventory Management Management Inventory Turnover Fulfillment 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. Retail store management solutions offer: Scalability to accommodate business expansion, whether that means adding new locations or expanding product lines. Automate reordering processes based on predefined thresholds.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

CJ Retail Solutions

NOVEMBER 18, 2024

Inventory Management and Organization Metrics Value Inventory Turnover 5.2 times Stockout Rate 2% Fill Rate 95% Lead Time 3 days Effective inventory management and organization are vital for maintaining operational efficiency. You need to keep track of all tools, parts, and supplies required for maintenance tasks.

Shopping 52

Shopping Inventory Management Inventory Turnover Management 52

CJ Retail Solutions

AUGUST 8, 2024

Expanding Reach and Convenience In addition, e-commerce platforms have opened up new opportunities for retailers to expand their reach and engage with customers beyond physical store locations.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Retalon

AUGUST 14, 2023

Key capabilities include: Demand forecasting and modeling Recommendations for optimal stock levels Alerts for low stocks or slow-moving items Historical sales analysis Supply chain performance analytics In essence, the software acts like a command center for your inventory.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Inside Retail

FEBRUARY 10, 2025

Similarly, beauty giant Adore Beauty, after 25 years online, has opened its first physical location in Melbourne to provide hands-on consultations and personalised recommendations. Element enables Walmart to automate decision-making at scale, optimising inventory placement, demand forecasting, and logistics across its entire supply chain.

Inventory Turnover 162

Inventory Turnover Supply Chain Management Finance Fulfillment 162

Retail Assist

MARCH 6, 2025

Tracking key performance indicators (KPIs) such as inventory turnover, order accuracy, fulfilment times and customer satisfaction helps assess performance. Configuring real-time stock tracking ensures accurate inventory visibility across multiple locations.

Inventory Turnover 52

Inventory Turnover Supply Chain Management Fulfillment Customer Experience 52