The Long-Hauler Effects of COVID on Retail Allocation
The Long-Hauler Effects of COVID on Retail Allocation We have all heard the term long hauler as it relates to COVID and people’s health, but the pandemic also impacted the health of the retail Allocation process. With much of the labor force mandated to work from home, many people chose to relocate causing a shift
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The Critical Role of Retail Merchandise Management Software
The Critical Role of Retail Merchandise Management Software For products to “hit the shelves” there is a strategic merchandising process that must take place. Merchandise management addresses all initiatives from purchasing products and managing inventory to distribution and vendor management. It takes a team of experienced individuals to create a budget, source and purchase products
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The Missing Link in Supply Chain: SUPPLIER PERFORMANCE
The Missing Link in Supply Chain: SUPPLIER PERFORMANCE Over the years, you have worked hard to implement tools to manage the flow of goods through your supply chain. Your Merchandise Management software is solid. Planning, Allocation and Replenishment are all fine-tuned. More recently, you have tackled the relationship between Point of Sale, Order Management and
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Are you getting the most out of your software?
Are you getting the most out of your software? All too often, software applications are underutilized, or they are no longer configured to run your business in today’s environment. There can be a number of reasons for this, but the end result is the same. You may not be realizing all of the benefits that
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10 Tips to Successfully Select a Retail Software Package
10 Tips to Successfully Select a Retail Software Package Selecting a software solution that meets the unique needs of your business, your customers and your team is one of the most important projects a retailer can initiate. Because of the time, expense and risk involved with even the best implementations, selection decisions will impact the
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10 Essential Questions to Ask When Assessing Your Software Systems and Vendors
These 10 questions can quickly determine the state of your software systems and vendors. If you answer “No” to 6 or more, you’re at a critical crossroads. It may be time to look at a modern business software solution from a reliable and trusted vendor to provide accurate, real time information to increase customer satisfaction,
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Software Implementations – “Out-of-the-Box” or Intelligent Modification
What do all retailers have in common? The answer is simple. They strive to provide the right product at the right time to the right location. That’s where it ends. The biggest challenge retail software vendors face is how to provide an all-inclusive “out-of-the-box” solution that satisfies the unique requirements for a wide-spectrum of retail
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Planning & Allocation vs. Replenishment: When is each the best strategy?
As a full line retailer, you carry many types of products to meet your customers’ needs. Everything from fashion softlines to commodity hardlines is available in your stores. These disparate merchandise types have differing traits and present unique challenges to your Merchants and Inventory Analysts. A frequently asked question is: What are the best strategies
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The Morphing of Store Operations in a Post Pandemic Environment
Retailers must adapt to changing shopping behaviors in order to succeed in a post COVID-19 environment. Social distancing guidelines will still be in place, and masks will be commonly worn and sometimes will be required when out in public. Retailers will also have to consider other factors in their business: how they handle returns, how
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