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Target Plans Short-Term Profit Margin Hit as it Right-Sizes Inventory for Future Growth

Retail TouchPoints

Target is taking multiple actions to right-size its inventory, including additional markdowns, removing excess inventory and cancelling orders, as it makes room for merchandise including groceries and back-to-school supplies.

Planning 279
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Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software

M19 Retail

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software In today’s complex retail environment, managing a supply chain management system is no small feat.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Supply-chain optimisation: It is reported that AI-driven supply-chain management can reduce errors by 20-50 per cent, decrease lost sales and product unavailability by up to 65 per cent, and lower warehousing costs by 5-10 per cent.

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AI-driven solutions take supply chain planning to the next level

Inside Retail

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend.

Planning 130
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AOP Meaning in Modern Retail

Retalon

Promotional calendars: Planning key campaigns, promotions, and markdown events throughout the year to drive sales and clear seasonal inventory. For example , A specialty apparel retailer may align on a KPI such as 8% revenue growth while keeping markdowns below 15%, using the AOP as a performance framework for every team.

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How Retailers Can Mitigate Supply Chain Risk and Maximize Success During the Holiday Season

RETAIL MANAGEMENT SOFTWARE

Inventory Management: Retailers often struggle with balancing sufficient inventory to meet demand while avoiding excess stock, which can lead to increased carrying costs and potential markdowns. With ChainDrive, retailers can streamline their supply chain processes, improving efficiency and ultimately boosting overall profitability.

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Streamline Your Supply Chain with Merret Pro: The Ultimate Retail ERP Solution

Retail Assist

Intelligent algorithms within Merret Pro facilitate automatic stock movement between distribution centers and stores, optimising replenishment and reducing markdowns. Effortless Purchase Order Management Managing purchase orders becomes a breeze with Merret Pro. The result?