Remove Inventory Turnover Remove Promotions Remove Shopping
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How China’s Missfresh Makes Rapid Grocery Delivery Pay

Retail TouchPoints

In China small local shops, known as “neighborhood retail,” are big business, generating 1.3 It is common practice for customers to shop daily for the fresh produce they need, and Missfresh’s goal is to digitize that local fresh food experience with the added convenience of doorstep delivery. A New Kind of ‘Neighborhood Retail’.

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Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

They also offer discounts, promotions, free shipping and other value-added services for substitute products to make them more appealing. Using substitution tactics, retailers can recalibrate inventory levels. Soliciting feedback on customer satisfaction with substitutions helps retailers refine their policies and pricing.

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Survival guide: The keys to resilience and success in tough times

Inside Retail

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. It’s also important to leverage existing technology and integrate online and offline retail, to create a cohesive shopping experience no matter how your customers choose to shop.

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How is AI Reshaping the Retail Industry

Retail Gazette

Keep reading to explore how AI is reshaping the retail landscape and revolutionising the shopping experience. Personalised Shopping Experiences One of the most significant impacts of AI in retail is the ability to deliver personalised shopping experiences to customers.

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How poor planning is costing retailers sales – and profits

Inside Retail

If trained correctly by drawing on data from throughout the retail business and with external sources such as econometrics, search, and social media, AI-driven forecasts can deliver at speed and scale and are best when combined with judgemental forecasts where the business activates promotional or other demand-driving initiatives.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

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How Digital Workplace Tools Drive Retail Success During the Holiday Season

RETAIL MANAGEMENT SOFTWARE

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.