Inventory Management

The Pros and Cons of Keeping Buffer Stock in Retail
January 20, 2022 at 4:45 pm

As COVID-19 continues on and both the Delta and Omicron variants bring more uncertainty, companies are turning to a buffer stock strategy to mitigate the potential downsides of variability. By keeping excess inventory on hand, organizations hope to maintain steady operations amidst unforeseen demand surges. While buffer stock can certainly accomplish this goal, there are…

The 4 Essential Factors to Effective Sales Forecasting
January 13, 2022 at 12:01 pm

In today’s COVID-19 landscape, companies are expected to predict future revenue, prevent risks, and react to opportunities quickly in order to drive profitability. As such, they need a reliable way to ensure projections align with revenue and real-time market conditions. That’s why forecasting is a necessity for retailers as it enables them to ensure they…

Power the Busy Holiday Season With a Real-Time Database
December 1, 2021 at 4:46 pm

Holiday shopping season is upon us. From the initial look of things, retailers can expect “peak on peak” demand again this year. While the pandemic increased e-commerce shopping by 44 percent last year (NRF 2020), it also exposed the weaknesses of retailers. Seventy-seven percent of the retailers experienced increased latency and downtime during the holiday…

Will Amazon Sellers Survive the Q4 Dilemma?
November 23, 2021 at 4:35 pm

The biggest risk for third-party Amazon.com sellers in the fourth quarter is likely to be inventory storage limits. Amazon’s Inventory Performance Index (IPI), which measures things like sell-through rate and age of inventory to determine what it costs Amazon to warehouse your inventory, is the primary factor the company uses to calculate sellers’ inventory storage…

Inventory Management Strategies for a Successful Holiday Season
September 30, 2021 at 9:21 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss a blog post by Jim Shea recently published titled, “Brands Are Making Bets on Which of Their Products Will Be Hot This Holiday, But They Don’t Have to Guess.” Shea writes about how supply chain and shipping crunches mean leaner…

Costco to Rent Own Container Ships to Bypass Shipping Issues
September 27, 2021 at 7:11 pm

Costco is renting its own container ships to prevent delays and keep costs down as the global shipping crisis continues, according to Business Insider. In a call with analysts Thursday, Costco CFO Richard Galanti said the retailer has chartered three ships to import products from Asia to the U.S. and Canada to help Costco avoid spending six times the normal price…

How Retail Sellers Can Navigate New Amazon Inventory Restrictions
September 16, 2021 at 9:59 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss an article recently published by Total Retail titled, “Amazon is Finally Acting Like a Retailer, and What That Means for Brands,” authored by Tim Hershey, chief retail officer at Netrush. Amazon has recently tightened its inventory restrictions, placing new pressures…

How Automation Helps Retailers Deliver an A+ Back-to-School Shopping Experience
September 15, 2021 at 9:17 pm

After a year-plus of remote schooling, students and faculty are flocking back to the classroom this fall — and stocking up on supplies for it. Deloitte forecasts that back-to-school spending will reach $32.5 billion this year, up 16 percent from last year and 17 percent from 2019. While this expected influx of business should be…

How CPG Brands and Retailers Can Predict In-Store Sales With Shopping List Marketing
September 9, 2021 at 8:12 pm

Wouldn't it be great if, as a brand or retailer, you could see the exact products shoppers will purchase before they actually buy them? In lieu of a crystal ball, brands and retailers have searched through many technology options, and digital shopping lists have risen to the top of their core resources. According to a…