Inventory Management
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Inventory Management
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by Administrator 01.31.2017
If your retail business enjoyed high-sales volume during the holidays, that’s awesome news. Clearly you stocked up on merchandise your customers wanted. And happy customers should translate to brand loyalty down the road. But there is a flipside to be prepared for – how to efficiently process...
If your retail business enjoyed high-sales volume during the holidays, that’s awesome...
If your retail business enjoyed high-sales...
Inventory Management
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Inventory Management
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by Administrator 01.26.2017
If you are a warehouse manager, you know that efficiency is key to running a smooth supply-chain operation. Of course, money is always an issue. If you are expected to keep costs down, how can you achieve top-notch efficiency? Key to the efficiency formula is inventory management. According to Inbound...
If you are a warehouse manager, you know that efficiency is key to running a smooth supply-chain...
If you are a warehouse manager, you know...
Inventory Management
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Inventory Management
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by Administrator 01.18.2017
Now that the holiday buying frenzy has ended, the first month of a new year can be kind of a drag for retailers. Not only is January a long month, it can be a slow sales month, which is exactly why, back in 1878, John Wanamaker, founder of Wanamaker’s, one of the very first department stores in...
Now that the holiday buying frenzy has ended, the first month of a new year can be kind of...
Now that the holiday buying frenzy has ended,...
Inventory Management
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Inventory Management
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by Administrator 01.10.2017
Internet shopping is convenient, but not for everyone, and that’s a challenge for retailers. For department stores like Macy’s, in-store holiday sales were weak enough to trigger the decision to close nearly 70 stores in 2017. Online sales were strong, but not strong enough. CEO Terry Lundgren...
Internet shopping is convenient, but not for everyone, and that’s a challenge for retailers. For...
Internet shopping is convenient, but not...
Inventory Management
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Inventory Management
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by Administrator 01.03.2017
Now that your end-of-year inventory audit is complete, what did you find? Any surprises? If inventory shrinkage turned out to be more than expected, that would not be out of the ordinary. According to the 2016 National Retail Security Survey, robberies continue to be a troublesome expense for retailers. According...
Now that your end-of-year inventory audit is complete, what did you find? Any surprises? If...
Now that your end-of-year inventory audit...
Inventory Management
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Inventory Management
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by Administrator 12.27.2016
The holiday rush is over and it’s time for retailers to close the books for 2016, assess how well their businesses did for the year, and to figure out what operational systems worked, what didn’t work, and what improvements they need to make if profitability fell flat. Let’s face it....
The holiday rush is over and it’s time for retailers to close the books for 2016, assess...
The holiday rush is over and it’s time...
Inventory Management
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Inventory Management
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by Administrator 12.20.2016
If one of your New Year’s resolutions for 2017 is to improve profitability for your retail business, you’re probably not alone with that one. What business owner doesn’t want to make more money? The real question is how are you going to do it?  The answer should be through an...
If one of your New Year’s resolutions for 2017 is to improve profitability for your retail...
If one of your New Year’s resolutions...
Inventory Management
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Inventory Management
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by Administrator 12.13.2016
It comes around every year – the inventory audit. It’s a crucial business practice that must be done accurately not only to ensure sales numbers are properly reported on financial statements but to also track product activity to forecast a plan for profitability for the new year. So are...
It comes around every year – the inventory audit. It’s a crucial business practice...
It comes around every year – the inventory...
Inventory Management
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Inventory Management
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by Administrator 12.07.2016
Now that the holiday gift-shopping season has kicked into high gear, it wouldn’t be a surprise if your primary focus as a retailer were on raking in as much in sales as possible. This time of year is, after all, when many retailers are hoping for a big bottom-line boost that can be between 20 and...
Now that the holiday gift-shopping season has kicked into high gear, it wouldn’t be a...
Now that the holiday gift-shopping season...
Inventory Management
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Inventory Management
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by Administrator 11.30.2016
The holiday shopping season is officially here and retailers are discovering that buying behaviors are changing, as evidenced by a far more sane, far less frenzied in-store Black Friday experience than in years past. That’s because there was far less foot track in stores than last year. According...
The holiday shopping season is officially here and retailers are discovering that buying behaviors...
The holiday shopping season is officially...
Inventory Solutions
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Inventory Solutions
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by Administrator 11.23.2016
Here it comes – the holidays. Those omnichannel retail business owners who made the smart decision to implement a solid technology-driven inventory management system this year may be feeling very thankful indeed at the dinner table on the day before Black Friday’s kickoff into the holiday...
Here it comes – the holidays. Those omnichannel retail business owners who made the smart...
Here it comes – the holidays. Those...
Inventory Management
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Inventory Management
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by Administrator 11.15.2016
This holiday season, big-brand retailers are doing a delicate balancing act when it comes to inventory management. Having just the right amount of merchandise for in-store and online shoppers is the name of the game, and since this time of year is crucial for sales and profits –the National Retail...
This holiday season, big-brand retailers are doing a delicate balancing act when it comes to...
This holiday season, big-brand retailers...
Inventory Management
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Inventory Management
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by Administrator 11.08.2016
Do you remember the Aesop’s fable about the grasshopper and the ant? The grasshopper wiled away the lazy days of summer while the ant industriously prepared for winter. Of course, we know the outcome to the story. When the season changed, the grasshopper was left out in the cold, while the ant...
Do you remember the Aesop’s fable about the grasshopper and the ant? The grasshopper...
Do you remember the Aesop’s fable about...
Inventory Solutions
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Inventory Solutions
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by Administrator 11.03.2016
If you had to rate counting inventory for your retail business on a scale from one to 10, with one being the least favorite task to accomplish, what would your answer be?  It wouldn’t be a surprise if your answer were number one. Counting physical inventory can be slow and tedious. It’s...
If you had to rate counting inventory for your retail business on a scale from one to 10, with...
If you had to rate counting inventory for...
Inventory Management
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Inventory Management
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by Administrator 10.26.2016
Clearly, having a handle on the ebb and flow of inventory levels in your store is key to profitability. If you’ve got the goods you’ll make the sale. Yet, 75% of retailers do not keep accurate counts of in-store inventory.   How can a store operate that way? Sam Walton, founder of...
Clearly, having a handle on the ebb and flow of inventory levels in your store is key to profitability....
Clearly, having a handle on the ebb and flow...
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