Inventory Management

How Sellers Can Avoid the Holiday Hangover: 4 Steps to Minimize Excess Inventory
January 24, 2023 at 12:37 pm

2022 was a tough year for retailers and e-commerce sellers. With supply chain snarls around the globe, they’ve struggled to get the products they need. Now that those snarls are easing and products are flowing, sellers face diminishing consumer demand, which poses the threat of inventory sitting around unsold. In a survey of retail executives…

4 Key Trends and Technology Impacting Grocery Retail
January 16, 2023 at 12:47 pm

Last year took grocery retailers for a wild ride as the industry worked to please shoppers amid turbulent times. The pandemic refused to go away. Inflation was higher than it has been in 40-plus years. Supply chain snarls continued. So, too, did the labor shortage. All these factors and more took a toll on the…

Adore Me VP: 'Inclusive Sizing is an Operations Challenge, Not a Marketing Approach'
January 2, 2023 at 3:02 pm

In episode 382 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Christina Chang, vice president, procurement and planning at Adore Me, a leading online women's intimates retailer and Certified B Corporation known for inclusive sizing. Chang discusses the Adore Me business and its products (0:45), her professional background and current role (1:40), and how inclusive…

Bridging the Gap: How to Prepare for the Future of Demand Planning
December 30, 2022 at 11:18 am

Retailers’ bearings for demand forecasting are now better calibrated than they were just a couple of years ago, although shockwaves from supply chain and distribution disruptions persist in some areas. These challenges create a disconnect between what retailers think is the "new normal" vs. what their actual "new normal" likely is. This dichotomy hinders their ability…

AI is the Key to Unlocking Consumer Spending This Holiday Season
December 19, 2022 at 10:31 am

Even with high levels of inflation and a recession predicted to bear down on us in 2023, consumers are eyeing this holiday season with eagerness — they’re ready and willing to splurge on holiday spending this year, according to a recent McKinsey report. Since this might be the last good time for retailers to cash in…

Retailers: Need to Fix Inventory Issues? Develop Full-Stack Merchants
December 15, 2022 at 4:36 pm

Recent headlines make excess inventory at major retailers sound like an issue that leadership should’ve seen coming. The reality, as is often the case with the headlines, is far more nuanced. There are many reasons at play for the excess of inventory, ranging from diminishing customer demand as COVID-19 restrictions ended and people shifted their…

How Dynamic Pricing Supports Seasonal Inventory Management
December 15, 2022 at 3:33 pm

What do changing customer behaviors, supply chain disruptions and cold weather have in common? They all greatly impact order management. With all three factors converging during the next few months, managing seasonal inventory can prove to be a major challenge for retailers. In a recent report about the 2022 holiday season, McKinsey shared that “consumer…

Price and Promotion Strategies to Make Sure Inventory Moves Before, During, and After the Holidays
December 14, 2022 at 3:57 pm

Today’s retailers are facing an urgent need to better understand customer behaviors. This holiday season, listening to what consumers want and need will be vital to predicting their purchasing decisions and ensuring your inventory is not under- or overstocked. However, many supply chain leaders are still relying on their instincts rather than the newest data.…

How “Co-Opetition” Can Help Overcome the Obstacle of Retail Overstock
December 8, 2022 at 12:14 pm

The retail industry has struggled to cope with the unprecedented changes in the last few years spurred by the pandemic, leading to a scarcity of goods and overstocking in many cases. Additionally, snarls in supply chains resulted in bulk purchases until inflation changed consumer shopping patterns. Failure to identify and forecast changes resulted in excess…