Retail Adventures

JANUARY 20, 2021

Inventory turnover – turn – is a measure of the number of times inventory is sold within a period of time, usually a year. To determine your inventory simply divide your last year’s total retail sales by your year ending inventory at retail value. To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retail Smart Guys

MARCH 15, 2023

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. 5 Don’t be afraid to markdown It is a common misconception that having markdowns equates to poor sales.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Retalon

FEBRUARY 10, 2022

Indicators you’re managing bad inventory. You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A low rate of inventory turnover. No room for in-demand inventory .

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

FEBRUARY 24, 2022

Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Where you started is simple: it is the planned inventory at the beginning of the sales period. Turnover rates impact OTB. Optimal stock levels.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

365 Retail

JUNE 5, 2024

Managers can visualize metrics like sales trends, inventory turnover, and customer lifetime value. For instance, it might suggest markdowns for slow-moving seasonal items or pinpoint opportunities to cross-sell. AI-powered analytics dig deeper, serving up predictive insights and recommendations to shape strategy.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52