Retail TouchPoints

NOVEMBER 17, 2023

When a high demand product runs out of stock, it can be substituted with a similar product that is not selling as fast to maximize inventory turnover, reduce carrying costs and minimize the administrative burden associated with cancellation, refunds and follow-up.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Inside Retail

JUNE 28, 2022

However, Huang is coy to reveal details around its expansion strategy, simply saying: “I can share that we do have plans for Peninsular Malaysia.”. Expansion plans. The company also plans to crossover with different industries to create more value for its consumers. Backend intelligence. An eclectic design team.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

Wiser

MARCH 11, 2025

By integrating regular visits (daily, weekly, or monthly), you can track accurate trends around inventory turnover and on-shelf compliance. Best Practices for Your Retail Audits Plan and Schedule Consistent Audits Vary the frequency and depth of audits based on your brands goals, SKU complexity, and the retailers importance.

Beauty and Health 78

Beauty and Health Promotions Inventory Turnover Location 78

Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

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. This reduces the administrative workload and ensures that financial data is always current, facilitating better financial planning.

Shipping 147

Shipping Inventory Management Inventory Turnover Fulfillment 147

Retail Focus

AUGUST 8, 2023

This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives. This liberates valuable time for retailers to concentrate on core business activities and strategic planning. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Retalon

FEBRUARY 10, 2025

A robust merchandise planning solution powered by AI-driven analytics is now a necessity for retailers looking to optimize inventory, forecast demand accurately, and enhance profitability. The traditional planning solution often resulted in inefficiencies, data silos, and costly errors.

Planning 41

Planning Inventory Turnover Markdowns Location 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Check data and reports regularly – Consistently checking data will give you a good idea of how your inventory is performing overall. Plan before buying your inventory- Use your data to determine what you should order. 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

Retail Adventures

JANUARY 20, 2021

And when it doesn’t you need a plan to get rid of it so you can buy fabric that will sell. Inventory turnover – turn – is a measure of the number of times inventory is sold within a period of time, usually a year. Let’s take a look at the things you can do to move merchandise that isn’t selling: What’s your turn?

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Retail Smart Guys

MARCH 15, 2023

. #2 Buy what you can sell profitably It is essential to follow a merchandise plan to know what you can purchase from suppliers and sell to customers. 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.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

M19 Retail

FEBRUARY 7, 2025

Whether you run a boutique retail shop or manage an enterprise level operation, finding the right technology to handle your Point of Sale (POS), inventory control, and merchandising planning is critical. Merchandising Planning for Growth Effective merchandising planning goes beyond whats happening at a single location.

Supply Chain Management 52

Supply Chain Management Inventory Turnover Point of Sale Inventory Management 52

Retail Minded

MAY 3, 2023

JIT involves ordering inventory as needed rather than keeping large amounts in stock, which can reduce inventory carrying costs and improve supply chain efficiency. Effective Demand Planning Efficient demand planning plays a critical role in retail inventory management.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 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 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. Merchants and inventory analysts must be aware of how well they are getting their products to the stores. Inventory Turnover Ratio. In-Stock Percentage 2.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

I Vend

JANUARY 18, 2025

A centralized Enterprise POS Software provides detailed insights into: Sales patterns across different locations Store performance comparisons Customer behavior analysis Inventory turnover rates Staff productivity metrics These insights help identify trends, optimize operations, and make data-driven decisions for business growth.

Location 52

Location Inventory Turnover Inventory Management Management 52

RETAIL MANAGEMENT SOFTWARE

MARCH 26, 2024

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. Incorporate long-term strategic planning to ensure sustainable growth and profitability.

Accounting 52

Accounting Inventory Management Inventory Turnover Management 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Budgeting and Forecasting : Plan and forecast financial performance to make informed business decisions. 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 MANAGEMENT SOFTWARE

JUNE 10, 2024

An Enterprise Resource Planning (ERP) system can simplify operations, streamline inventory management, and provide valuable business insights. Production Planning Footwear ERP software includes robust production planning tools. This automation leads to increased operational efficiency and productivity.

Inventory Management 52

Inventory Management Supply Chain Management Inventory Turnover Management 52

Retalon

FEBRUARY 24, 2022

Buying too little reduces sales — and the cash you need for more inventory. Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory. Where you started is simple: it is the planned inventory at the beginning of the sales period.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Planning inventory based on sales history depends on a logical approximation. Let’s find out.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

365 Retail

JUNE 5, 2024

This will require you to spend some money to improve the customer experience in your store, so consider checking out Credibly’s financing solutions or other lenders to ensure your plans are well-funded. Managers can visualize metrics like sales trends, inventory turnover, and customer lifetime value.

Payment Services 52

Payment Services Inventory Management Checkout 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

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

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. With real-time tracking, retailers can: Monitor stock levels accurately to prevent stockouts or overstock situations. Automate reordering processes based on predefined thresholds.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

CJ Retail Solutions

NOVEMBER 18, 2024

This approach allows you to plan for maintenance during off-peak hours, minimizing disruptions to your operations. Inventory Management and Organization Metrics Value Inventory Turnover 5.2 A well-planned budget allows you to anticipate expenses and avoid financial strain when emergencies occur.

Shopping 52

Shopping Inventory Management Inventory Turnover Management 52

V Count

JANUARY 11, 2023

Plan Staff Schedule According to Rush Hours. Knowing your peak hours and understanding the reasons behind them can help you plan staff schedules and optimize your operations accordingly. Climate can have a massive impact on your visitor numbers, and knowing how it affects your business can help you plan better for the future.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Rangeme

DECEMBER 16, 2021

As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency. Retail Dive.

Shipping 52

Shipping Dead-Stock Beauty and Health Inventory Turnover 52

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

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

Retalon

FEBRUARY 15, 2024

Step 6: Enhance Sales Forecasting Accurate sales forecasting is quintessential for strategic retail planning. This precision in forecasting translates into better inventory planning, resource allocation, and marketing efforts – ensuring resources are invested where they yield the highest returns.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Inside Retail

FEBRUARY 10, 2025

Amazon now operates bookstores and cashier-less Amazon Go convenience stores, while Netflix has announced plans to launch immersive retail experiences. No longer limited to customer-facing or frontline roles, offshoring now extends to IT, finance, merchandise planning, and supply chain management, delivering immediate cost savings.

Inventory Turnover 162

Inventory Turnover Supply Chain Management Finance Fulfillment 162

Retail Assist

MARCH 6, 2025

Fifty percent of enterprise resource planning (ERP) implementations fail the first time, and most cost three to four times the initial budget. For growing retailers, maximising ERP ROI starts with choosing the right system, one that streamlines processes, optimises inventory and enhances customer experience.

Inventory Turnover 52

Inventory Turnover Supply Chain Management Fulfillment Customer Experience 52