Inventory Management

Can You Anticipate the Future of Selling?
January 14, 2021 at 3:00 pm

The future of selling requires retailers and brands to anticipate customer and channel demand shifts. The problem is companies admit they're not quite ready. According to a recent Forrester study of footwear and apparel brands and retailers, fewer than one-third of brands believe they're fully prepared to act on demand shifts in their market, and…

Amazon Sellers Are Concerned About Limited Warehouse Space
December 9, 2020 at 7:40 pm

Several Amazon.com sellers are concerned over a recent policy change, CNBC reported. The policy is meant to help the e-commerce giant save space in its warehouses as it faces a pandemic-fueled surge in online orders alongside the usual peak holiday shopping season. In August, Amazon announced it would be enforcing stricter quantity limits on shipments from…

How to Prepare Your Online Store for the Holiday Season During COVID-19
November 25, 2020 at 11:56 am

We’re already getting super hyped for the holiday season. From delicate snowfalls to generous gift-giving to spending time with family and loved ones, it really is the most wonderful time of the year. If you work in retail, however, the holiday season can mean something very different. Many boutique owners find themselves busier than ever…

The New Era of Retailing: Innovations and Predictions for the Future
November 11, 2020 at 11:31 am

For years the retail industry has experienced significant transformation in order to keep up with consumer demands and expectations, and while some have found success, others haven’t been nearly as lucky. Amidst a world-altering pandemic, however, the entire industry has been challenged in unexpected ways. Issues surrounding everything from operations, sourcing, supply chain, fulfillment, supply/demand,…

3 Ways to Get in Front of the Early Holiday Shopping Surge
October 14, 2020 at 12:55 pm

Holiday shopping may kick off even earlier for consumers this year. Recent spikes in new COVID-19 cases have many shoppers worried that brick-and-mortar stores will close again this fall. And that fear is driving consumers to their laptops and phones to check off items on their holiday gift lists. The retail industry’s unpreparedness for the…

How Retailers Can Keep Pace in a COVID-19 Economy
October 13, 2020 at 2:30 pm

Managing spend is a tall order for retailers today. As the workforce grows more geographically distributed, and as employees increasingly drive business spending from the bottom up, it's harder to track cash flow across multiple touchpoints — from sourcing and manufacturing to advertising and employee supplies. COVID-19 has intensified these issues, forcing retailers to make…

How to Increase Profit When the Supply Chain is Unpredictable
September 22, 2020 at 2:38 pm

Long before algorithms, machine learning (ML), artificial intelligence (AI), and even computers, retailers have depended upon demand planning principles to stay in business. Demand planning is the foundation for resetting retail. Fortunately, retailers can now use demand planning powered by AI and ML. It can help retail chains maximize profit even in times of external…

Amid COVID-19, is it Finally Time for Off-Price to Prioritize E-Commerce?
September 14, 2020 at 11:27 am

It’s a question worth discussing as the unprecedented pandemic continues to strain the retail industry. Take, for example, TJX, the parent company of T.J. Maxx, Marshalls, and HomeGoods, which reported first quarter net losses exceeding $887 million after closing all of its stores and distribution centers over a two-month span in compliance with statewide lockdowns.…

Brands Experiencing Bullwhip Effect Look to Purchase Panels
September 9, 2020 at 1:02 pm

At the onset of COVID-19, out-of-stocks plagued retailers. Their immense impact was amplified by the "Bullwhip Effect" to create tsunami-like waves in demand from retailers to brands and on to their suppliers. The vicious cycle of hoarding and resulting out-of-stocks fueling further hoarding forced brands to look beyond point-of-sale (POS) data as their ultimate demand…