Retail TouchPoints

NOVEMBER 17, 2023

Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly. Using substitution tactics, retailers can recalibrate inventory levels. Furthermore, product substitution allows businesses to diversify their sourcing to mitigate supply chain risks.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Wiser

MARCH 11, 2025

By combining objective data from multiple regions, you also gain a big picture view of brand presence and key performance trends in mass-market channels. By integrating regular visits (daily, weekly, or monthly), you can track accurate trends around inventory turnover and on-shelf compliance.

Beauty and Health 78

Beauty and Health Promotions Inventory Turnover Location 78

Inside Retail

JUNE 28, 2022

“As a global lifestyle retailer, approximately 70 to 80 percent of our product portfolio is similar across the world, while the remaining 20 to 30 percent are unique products that have been designed and chosen according to trends and consumer demands from different local markets,” Huang explained. The marketplace. An eclectic design team.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

Inside Retail

JULY 18, 2024

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Good planning tools arrive at consensus forecasts from every area of the business.

Planning 147

Planning Inventory Turnover Consumer Location 147

Inside Retail

FEBRUARY 26, 2024

There was good news in January when the Consumer Price Index slowed to the lowest rate in two years; however, experts recognise that the most volatile factors, such as rental rates and energy markets, remain the biggest drivers. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail Focus

AUGUST 8, 2023

Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence. Outsourcing digital marketing and Search Engine Optimization (SEO) tasks to specialized agencies can boost your brand’s visibility, attract more website traffic, and ultimately drive sales.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Inside Retail

OCTOBER 29, 2024

When data from sales, inventory, and shipping systems is unified, retailers can make informed decisions to optimise pricing strategies, improve inventory turnover, and identify growth opportunities. Conclusion An optimised technology stack is a game-changer for retailers looking to grow and adapt in today’s dynamic market.

Shipping 147

Shipping Inventory Management Inventory Turnover Fulfillment 147

Inside Retail

JANUARY 30, 2024

Evri’s partners will gain valuable insights into the Chinese market, including consumer behaviour, marketing and pricing strategies, product selection advice, and online operational strategies tailored to the unique demands of the Chinese market.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Storis

MAY 23, 2024

In the context of furniture retail, where capital investments in inventory can be substantial, proactive cash flow management is crucial for maintaining financial stability and seizing growth opportunities. Inventory turnover, or inventory turns, is defined as the inventory turnover ratio.

Inventory Turnover 52

Inventory Turnover Payment Services Dead-Stock Inventory Management 52

Inside Retail

NOVEMBER 14, 2023

As the year-end shopping season kicks off, Zalora , one of Asia’s leading online fashion retailers, and part of Global Fashion Group (GFG), is ramping up its marketing to capture consumers’ attention. It facilitates wider brand reach, quicker inventory turnover, and direct engagement, thereby fostering increased brand loyalty.

Inventory Turnover 130

Inventory Turnover Fashion Shopping Consumer 130

Retail Gazette

FEBRUARY 22, 2024

By leveraging AI algorithms, retailers can analyse vast amounts of customer data, including purchase history, browsing behaviour and demographic information, to tailor product recommendations and marketing messages. According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

CJ Retail Solutions

AUGUST 26, 2024

One of the most important metrics for assessing the success of retail marketing campaigns is the Key Performance Indicator (KPI). Retailers are able to make data-driven decisions for business growth with the help of these indicators, which offer quantifiable data on various aspects of marketing strategies.

Marketing 52

Marketing Visual Merchandising Inventory Turnover Store Layout 52

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. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly.

Inventory Management 111

Inventory Management Inventory Turnover Management Customer Experience 111

Storis

SEPTEMBER 16, 2024

Understanding Key Concepts in Supply Chain Management Inventory Turnover: A crucial indicator of retail health, inventory turnover reflects the efficiency with which stock is sold and replenished. It can significantly reduce costs, improve product quality, and enhance agility in responding to market changes.

Payment Services 52

Payment Services Supply Chain Management Inventory Turnover Inventory Management 52

I Vend

SEPTEMBER 10, 2023

For example it enables effective marketing – using the POS for customer data tracking and to gather insights that inform and feed into creating promotions that will drive revenue and profit. This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111

Global Shop

JULY 19, 2024

Best of Both Worlds Managing multiple locations as if they were one has not only improved Simpson’s inventory turnover but also helped them achieve significant cost savings. If you are struggling to track data across multiple locations, explore how turning to an ERP system can improve your inventory management.

Location 52

Location Inventory Turnover Inventory Management Management 52

Independent Retailer

AUGUST 1, 2022

Retailers need tools that can connect and correlate all inventory data with the impact of external events. Without them, retailers cannot proactively address inbound disruptions, accurately calculate inventory turnover velocity, or reduce discounting and overstocking.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

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. 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.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 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

RETAIL MANAGEMENT SOFTWARE

APRIL 10, 2024

Supplier Management: Tools for managing supplier relationships, tracking supplier performance, negotiating terms, and ensuring timely procurement of goods to meet demand and maintain optimal inventory levels.

Wholesale 52

Wholesale Management Inventory Management Inventory Turnover 52

Storis

SEPTEMBER 16, 2024

The process of assigning serial numbers to inventory pieces is a critical aspect of efficient inventory management, particularly in the appliance retail market.

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

CJ Retail Solutions

FEBRUARY 14, 2024

That’s why we leverage advanced analytics and market research to inform our merchandising decisions. By analysing key metrics such as foot traffic, conversion rates, and inventory turnover, we can identify opportunities for improvement and optimize your merchandising strategy for maximum results.

Store Layout 52

Store Layout Inventory Turnover Boutique Promotions 52

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs. This adaptability ensures retailers stay ahead of the curve.

Management 40

Management Inventory Turnover Promotions Inventory Management 40

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Customer Experience Management : Personalized Marketing : Utilize CRM features to track customer preferences and tailor marketing efforts to individual needs. 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

Retail Minded

MAY 3, 2023

By analyzing sales data and market trends, you can avoid stockouts and minimize the risk of overstocking. A just-in-time (JIT) inventory system is another technique for optimizing your reorder points and quantities. A valuable technique for effective demand planning is analyzing sales data and market trends.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

Multi-location and Multichannel Management : For businesses with multiple stores or warehouses, RIMS provides a centralized view of inventory across all locations, enabling better inventory allocation and transfer decisions. These notifications help prevent stockouts or overstock situations and improve overall inventory control.

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64

RETAIL MANAGEMENT SOFTWARE

MARCH 26, 2024

Utilize inventory management software to automate processes and minimize manual errors. Analyze financial performance: Regularly analyze key financial metrics such as gross margin, inventory turnover, and return on investment (ROI) to assess the health of your retail business.

Accounting 52

Accounting Inventory Management Inventory Turnover Management 52

Retalon

FEBRUARY 10, 2025

Lack of real-time data Traditional methods dont provide real-time insights, making it difficult to adjust strategies based on current market trends. By leveraging real-time analytics, retailers can make proactive adjustments rather than reacting too late to changes in the market. billion in 2024 to $85.07

Planning 41

Planning Inventory Turnover Markdowns Location 41

Retalon

FEBRUARY 15, 2022

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. Increased inventory turnover. Matching demand and supply boost turnover. Increase revenue, profits, and market share.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. Benefits include: Analyzing sales trends and customer behavior to refine marketing strategies. Identifying underperforming products and discontinuing them or running promotions to clear inventory.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

Storis

SEPTEMBER 12, 2024

A barcode inventory system provides real-time visibility into your inventory levels and movement. With accurate data at your fingertips, you can make informed decisions, prevent stockouts, and optimize inventory turnover.

Inventory Management 52

Inventory Management Management Inventory Turnover Fulfillment 52

RETAIL MANAGEMENT SOFTWARE

JUNE 10, 2024

This data-driven approach helps in identifying market trends, optimizing operations, and planning strategically for the future. Consider factors such as production volume, inventory turnover, sales channels, and regulatory requirements. Experience the transformative power of ChainDrive ERP for your footwear business.

Inventory Management 52

Inventory Management Supply Chain Management Inventory Turnover Management 52

V Count

JULY 24, 2024

By analyzing customer traffic patterns, businesses can better plan their inventory levels, ensuring they have sufficient stock to meet demand while minimizing excess inventory. This leads to improved inventory turnover, reduced waste, and increased profitability.

Management 98

Management Supermarket Checkout Inventory Management 98

RETAIL MANAGEMENT SOFTWARE

AUGUST 13, 2024

These reports provide valuable insights into sales trends, best-selling items, and peak times, helping store owners make informed decisions about inventory and marketing strategies. CRM Integration: Integrate with CRM systems to track customer interactions, manage loyalty programs, and send personalized marketing communications.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

V Count

JUNE 26, 2024

This could involve expanding the range of products on offer, implementing engaging marketing displays, or even simply ensuring that high-demand products are always in stock. It can also lead to more efficient inventory turnover, further enhancing the profitability and performance of the retailer.

Store Layout 52

Store Layout Payment Services Inventory Turnover Promotions 52

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover.

Management 52

Management Promotions Inventory Turnover Shopping 52