Inventory Management

How IoT Technology Mitigates Retail Inventory Risk Across the Supply Chain
January 27, 2025 at 2:22 pm

The retail industry faces mounting pressure to maintain precise control over inventory as it moves through increasingly complex supply chains. Today's retailers need real-time visibility into both location and condition of goods โ€” from distribution centers to store shelves. Traditional approaches to inventory management often create blind spots between key handoff points, leading to operationalโ€ฆ

Scan-Based Trading Offers Retailers the Flexibility to Respond Quickly to Changing Customer Demand
January 22, 2025 at 10:51 am

Retailers are under constant pressure to balance maintaining adequate stock levels with minimizing the financial burden of unsold inventory. This challenge has become even more critical in a fast-paced retail environment shaped by omnichannel demand and fluctuating customer preferences. To navigate this complexity, many retailers, including Walmart, Target, and Walgreens, are turning more to scan-basedโ€ฆ

Mastering the Holiday Rush: Strategic Planning for Retailers to Drive Revenue
December 9, 2024 at 11:28 am

With the holiday season upon us, retailers are presented with one of the yearโ€™s biggest opportunities to drive revenue and customer loyalty. To master this seasonal rush, thoughtful planning across inventory, staffing, marketing and customer experience is key. Hereโ€™s how retailers can strategically navigate these elements to make the most of the holiday season. Startโ€ฆ

A Shortened Holiday Season Puts the Pressure on Retailers
December 4, 2024 at 11:32 am

At the top of a retailerโ€™s wish list for the holiday season would surely be that supply meets demand, particularly as the holiday season will have five fewer shopping days than other years. Many retailers are already on it with promotional offers to entice consumers into early holiday shopping. However, early promotions and seasonal spikes,โ€ฆ

How AI is Transforming Retail Jobs, Not Replacing Them
November 12, 2024 at 8:44 am

Artificial intelligence is more than a buzzword in retail; it's a game changer. AI-powered technologies are helping retailers enhance operational efficiency and improve everything from inventory management to marketing to customer service to driving sales and margin. However, AIโ€™s ability to work faster and more efficiently than humanly possible has led to the persistent mythโ€ฆ

3 Key Benefits of Out-of-Stock Analytics
November 6, 2024 at 9:16 am

Weโ€™ve all been there as consumers โ€” you stop by the store to pick up three ingredients for dinner, but discover one isnโ€™t on the shelf. You may ask customer service whether there are extras in the back, but because most retailers take a just-in-time approach to inventory management, youโ€™re likely out of luck. Retailersโ€ฆ

Holiday Season Retail Playbook: Optimizing Inventory, Workflow and Fraud Protection
November 4, 2024 at 11:26 am

Retailers face immense opportunities and significant challenges heading into the holiday season. Put simply, the sales volume retailers see is typically far greater than the rest of the year, so preparations must be tight. A successful holiday sales season requires thoughtful planning and strategic use of technology to optimize operations, manage inventory, and protect againstโ€ฆ

Itโ€™s Not Too Late to Optimize Inventory and Logistics Ahead of the Holidays
October 29, 2024 at 4:50 pm

This holiday season will bring some unusual stressors for brands, especially those that donโ€™t wield the same negotiating power as the biggest retail names. And with the peak season fast approaching, brand decision-makers need to prep quickly to make sure their inventory plans and logistics operations are synchronized and primed to ensure a seamless customerโ€ฆ

Mastering Inventory Management With Key Strategies to Streamline Your Supply Chain
October 16, 2024 at 8:39 am

In recent years, delays and disruptions in the global supply chain have wreaked havoc on product lead times and threatened total paralysis for industries. Bottlenecks due to global conflict, shipping container shortages, never-before-seen port congestion, lack of infrastructure, and limited transport capacity and skilled labor are just a few examples of the chaotic economic environmentโ€ฆ

The Importance of Inventory Management Amid Donor Fatigue
July 30, 2024 at 12:44 pm

In 2023, the U.S. secondhand market generated an estimated $53 billion in revenue โ€” with no signs of slowing down. However, thrift stores, like any retail operation, must ensure they have a sound inventory flow, especially during times of donor fatigue. With the growth the industry is poised to have over the next few years,โ€ฆ