Inventory Management

3 Tips for Order Management in an Evolving Retail Landscape
June 25, 2020 at 7:27 pm

As states around the U.S. cautiously begin to reopen, the reawakening of the brick-and-mortar retail industry will be a phased approach. But even when all restrictions are lifted, consumers may not be ready to dive right back into their old shopping habits. At-home delivery and curbside pickup will likely remain popular among customers who feel…

COVID-19 Drives 3 Key Omnichannel Capabilities
June 16, 2020 at 2:32 pm

The COVID-19 crisis is proving to be a catalyst for change across all dimensions of retail. Some of this transformation was already underway for some specialty brands. They were on a path to building a more direct-to-consumer (D-to-C) business. However, what the pandemic ultimately underscores for them and others is that retail can’t go back…

Managing Supply Chains in a Pandemic
June 15, 2020 at 7:42 pm

U.S. retailers have faced numerous challenges during the COVID-19 pandemic: shelter-in-place orders that closed all but essential retail, outbreaks of COVID-19 among employees for those remaining open and, naturally, supply chain shortages as vendors were hit by the same issues. For consumers this has meant some empty shelves — generally on sought-after items such as…

Get a Handle on Your Amazon Distribution
May 28, 2020 at 4:15 pm

For 44 percent of respondents to one survey, the “Amazon effect” is having a dramatic impact on more than their logistics, supply chain and transportation operations. It begins with e-commerce, where consumers are able to find whatever they want, whenever they want, place their order, and then receive what they want within two days, or…

COVID 19 Resources: Business Strategies, Wellness Tips, and Personal Finance Info.
May 10, 2020 at 7:25 pm

Welcome to this week's Retail Resources, which features a curated list of the best content and resources that I hope will help you navigate through the coronavirus pandemic. This week I offer information and resources about business strategies, wellness tips, and personal finance information. If there's anything you would like me to share in a…

4 Essential Tips for Improving Inventory Management and Winning Lifelong Customers
May 4, 2020 at 5:01 pm

At first glance, inventory management may appear far removed from the customer experience. However, it can be just as integral to shoppers as mobile apps, self-checkout, and in-store displays. In fact, companies that prioritize improving this process often see a rapid improvement in customer sales and loyalty. In January, Business Insider reported that Walmart was leading the…

Smart Retailers Are Looking at Holiday 2020 Through a Viral Lens
April 17, 2020 at 7:22 pm

The novel coronavirus and the precautions governments and individuals are taking to protect themselves from infection have already had a powerful impact on the global economy. Those impacts are likely to extend well into this year, possibly even into the fourth-quarter holiday shopping period. Between disruptions to manufacturing and supply chains and shifts in consumer…

Managing Inventory in the Age of Coronavirus
April 13, 2020 at 7:30 pm

The impact of COVID-19 has been felt throughout supply chains worldwide. With much production impacted, and facing an uncertain future, many retailers are wondering how to manage existing inventory in the short and long term. For retailers with longer seasonal lead times, spring and summer inventory is likely already in stock, or at least secured.…

How to Overcome Plummeting Sales and Inventory Disruptions From COVID-19
April 10, 2020 at 2:25 pm

The fashion industry is facing its biggest crisis yet — the COVID-19 pandemic. Spanish fashion group Inditex announced the closure of over 3,800 stores across 39 markets. The group, which owns brands like Zara and Massimo Dutti, saw its sales drop 24 percent in early March. For Neiman Marcus, bankruptcy may be a possible outcome.…