Remove Inventory Turnover Remove Markdowns Remove Marketing
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Understanding the Modern Category Manager: Overcoming Daily Challenges with Smarter Solutions

Wiser

Additionally, they oversee promotional strategies, ensuring that discounts and marketing initiatives align with both retailer objectives and supplier funding. Without clear visibility into market dynamics, they risk misaligning pricing strategies, missing gaps in assortment, and failing to optimize category-wide profitability.

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6 Retail Commandments You Need to Follow

Retail Smart Guys

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. 4 Monitor your operating expenses You can have a strong marketing strategy, yet this will be ineffective if your operating expenses are above the roof.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

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 .

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Planning inventory based on sales history depends on a logical approximation. Reduced markdowns. Increased inventory turnover.

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Why Switch to an AI-Driven Merchandise Planning Solution?

Retalon

A small mistake, such as misplacing a decimal point or linking to the wrong cell, can lead to inaccurate sales forecasts, incorrect inventory allocations, or miscalculated markdowns. Lack of real-time data Traditional methods dont provide real-time insights, making it difficult to adjust strategies based on current market trends.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Retailers must maintain a healthy In-Stock Percentage for every product at every store, in order to avoid out-of-stocks, lost sales, failed promotions, and costly markdowns.