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...
Inventory Management
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Inventory Management
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by Administrator 10.17.2016
The holiday buying season is getting close. Is your retail business ready to deliver?  According to eMarketer, many retailers have taken major steps this year to “improve their inventory systems and fulfillment options,” bracing for in-store shoppers and, more specifically, those consumers...
The holiday buying season is getting close. Is your retail business ready to deliver?  According...
The holiday buying season is getting close....
Inventory Management
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Inventory Management
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by Administrator 10.12.2016
To buy a can of paint, you used to have to get yourself to the local hardware store and hope to find the right brand and color. As we all know, shopping is a lot easier thanks to the internet of things – that interconnectedness we now have between our computers, mobile devices and the physical...
To buy a can of paint, you used to have to get yourself to the local hardware store and hope...
To buy a can of paint, you used to have to...
Inventory Management
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Inventory Management
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by Administrator 10.02.2016
Whether you like it or not, everyone is on Facebook – or at least 1.59 billion people around the world use Facebook every day. Of that number, 1.4 billion people are mobile users. So, the question is, do you advertise your retail business on Facebook? What are you doing to lure tech-savvy local...
Whether you like it or not, everyone is on Facebook – or at least 1.59 billion people...
Whether you like it or not, everyone is on...
Inventory Management
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Inventory Management
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by Administrator 09.26.2016
Would you say that the secret sauce for success for a retail business is inventory control? If you’re suppressing a yawn over that idea, take a lesson from two of the bigger supply chains that failed to deliver the goods. The question is, why?  In 2011, the Star Tribune reported that Best...
Would you say that the secret sauce for success for a retail business is inventory control?...
Would you say that the secret sauce for success...
Inventory Management
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Inventory Management
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by Administrator 09.19.2016
How vulnerable is your retail business to shoplifting? Even though “crime does not pay,” apparently that truism isn’t enough of a warning to deter the daring person determined to steal from a store.  According to the National Retail Federation (NRF), theft was the leading cause...
How vulnerable is your retail business to shoplifting? Even though “crime does not pay,”...
How vulnerable is your retail business to...
Inventory Management
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Inventory Management
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by Administrator 09.15.2016
Can you imagine sending a command through your cell phone to control the thermostat in your house so that the environment is just right by the time you get home from work? How about instead of driving yourself home you can tell your car to do it for you?  Such a world seems the stuff of science...
Can you imagine sending a command through your cell phone to control the thermostat in your...
Can you imagine sending a command through...
Inventory Management
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Inventory Management
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by Administrator 08.29.2016
If you are a shop owner and have been slow to embrace the innovative technology tools now available for managing inventory, you need to face up to what’s holding you back.  If you’re holding on to a traditional browsing atmosphere for shoppers who wander into your store, that’s...
If you are a shop owner and have been slow to embrace the innovative technology tools now available...
If you are a shop owner and have been slow...
Inventory Management
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Inventory Management
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by Administrator 08.21.2016
It doesn’t matter what you sell. You must pay attention to your inventory, and that includes the stuff that sits in reserve. For example, if it’s outdated merchandise that no one will ever buy and is just sitting on shelves collecting dust, that stuff represents a loss and needs to go. Old...
It doesn’t matter what you sell. You must pay attention to your inventory, and that includes...
It doesn’t matter what you sell. You...
Inventory Management
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Inventory Management
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by Administrator 08.15.2016
Making a profit is all about making the sale. Of course, that’s what you want – a profitable sales strategy. When you have a good handle on inventory flow, you’re ahead of the game because, in today’s marketplace, where business is competing for attention on the internet and...
Making a profit is all about making the sale. Of course, that’s what you want –...
Making a profit is all about making the sale....
Inventory Management
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Inventory Management
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by Administrator 08.10.2016
It was Bill Gates who said, “The internet is becoming the town square for the global village of tomorrow.” Well, “tomorrow” is now. Today’s tech tools have changed how we shop. We can browse in a store, or browse online. We can order stuff with our cell phones. We can even...
It was Bill Gates who said, “The internet is becoming the town square for the global...
It was Bill Gates who said, “The internet...
Inventory Management
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Inventory Management
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by Administrator 07.25.2016
Summer is the perfect time for retailers to clear out old inventory to make room for new merchandise in time for the Christmas season.  But how can you best determine what items in inventory should be marked down now so that summer shoppers looking for bargains will come to your retail business...
Summer is the perfect time for retailers to clear out old inventory to make room for new merchandise...
Summer is the perfect time for retailers...
Inventory Management
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Inventory Management
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by Administrator 07.18.2016
There’s a phenomenon catching on in a big way this summer. Perhaps you’ve noticed it. People of all ages, from kids on up, roaming around in odd places, with smartphones outstretched in front of them in search of a virtual character named Pokémon.  It’s a digital game called...
There’s a phenomenon catching on in a big way this summer. Perhaps you’ve noticed...
There’s a phenomenon catching on in...
Inventory Management
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Inventory Management
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by Administrator 07.14.2016
Moving out inventory quickly and efficiently is good for business. But, there is a fine balance to that. “Sorry, this item is temporarily out of stock” is never a good message. You don’t want to disappoint potential customers. The risk for a bad review on social media is far too great...
Moving out inventory quickly and efficiently is good for business. But, there is a fine balance...
Moving out inventory quickly and efficiently...
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