Inventory Management

Total Retail's 2020 Retail Technology Report: Inventory Management Software Spending on the Rise
April 2, 2020 at 4:42 pm

Retailers are most likely currently spending on technology that helps them track inventory and fulfill orders across multiple channels, especially as consumers engage with brands across a variety of touchpoints, and often in a single purchase journey. This was a key finding from Total Retail’s 2020 Retail Technology Report, which was produced in conjunction with Orckestra…

The Impact of Coronavirus on CPG Brands
April 1, 2020 at 10:40 am

The novel coronavirus, COVID-19, is impacting businesses and communities across the world in ways that seemed unimaginable even a month ago. All industries are feeling its effects, but brands and retailers in the consumer packaged goods (CPG) industry are among those on the front lines of this fight. With consumer shopping habits fluctuating rapidly, there…

Leading the COVID-19 Solution Through Private Brands
March 26, 2020 at 12:38 pm

As the consumer mood in the U.S. around the COVID-19 outbreak has quickly shifted from curious to cautionary, retailers have a significant role to play in providing shoppers with a solution. U.S. exposure and response by federal and local governments continue to mount day-by-day, and therefore buying patterns are evolving rapidly as shoppers come to…

How to Develop a Coronavirus Inventory Strategy
March 25, 2020 at 2:10 pm

Global supply chains haven't had this much disruption since World War II, and the United States wasn’t as dependent on oversea goods and manufacturing then. On March 19, J.C. Penney announced that it was closing 850 stores, affecting 90,000 store associates. Sadly, J.C. Penney joins an illustrious group of retailers closing for several weeks to…

How Retailers Can Prepare for Disruption From COVID-19
March 16, 2020 at 2:56 pm

With current concerns about the impending severity of COVID-19, consumers are taking steps to prepare for personal impact — even to the point of major retailers selling out of supplies such as water and hand sanitizer. Another consideration for retailers, however, should be peripheral effects on the entirety of the supply chain, given China's heavy…

2020 Inventory Planning: How to Give Consumers What They Want
February 3, 2020 at 11:37 am

In the first few weeks of 2020, retailers are preparing for the challenges of the new decade. With an evolving consumer audience, more complicated supply chains, and international trade regulations, there are plenty of changes ahead. However, by examining the trends of 2019, the growth-oriented retailer can predict what consumers will want in 2020 and…

Set Yourself Up for Retail Success in 2020 With Proper Fulfillment Planning
January 17, 2020 at 9:19 am

The rush of the holiday season has passed and your retail business is ready to dive headfirst into 2020 sales. If, like most retailers, you're planning to make this your best year yet, you're probably looking to significantly increase your volume of orders. It's a noble aspiration, however, if you're unprepared to meet these ever-growing…

Leveraging AI This Holiday Season
November 25, 2019 at 1:03 pm

For most retailers, holiday — also known as the golden quarter — is the make-or-break season. Retailers have been preparing for the upcoming holiday season for months, and for good reason. The period between Black Friday and Christmas can represent a significant chunk of sales revenue for a retailer. In 2018, consumers spent nearly $1…

The Rush to Real-Time Data: Automation Powers Next-Generation Retail Insights
October 10, 2019 at 9:46 am

In today’s digital world, data is worth its proverbial weight in gold. However, it’s not enough for retailers to just collect data to win the retail wars; they need to have a strategy to distill and apply insights from the data. For example, inventory data is particularly ripe for strategic use. By synthesizing information about…

How to Make Unified Retail Work
September 10, 2019 at 9:51 am

With digital technology changing almost all aspects of our lives, it's not surprising that traditional retailing is being turned on its head. The familiar model that funnels customers along a linear path to buying is giving way to an exciting new paradigm of placing the individual at the center of a unified field of purchasing…