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Retail business intelligence is the collection and analysis of key data that retailers can use to impact revenues, profits, and effectiveness. It primarily involves three key components: Collecting the right data Delivering that data...
Retail key performance indicators (KPIs) are important metrics. They help retail managers understand their customers, business, and revenue situation better. If you want to run a profitable retail operation, then keep an eye on...
No matter what kind of retail store you manage, flexible planning is essential to profitability, better customer service, and effective retail operations management. Here are four distinct ways to make your retail open-to-buy planning...
Supply chain management for retailers is a topic that deserves more than a single blog post, but it does bearing mentioning that you should be controlling your inventory rather than your inventory controlling you....
In retail, product management is one of the most important operational concerns. If you don’t manage your inventory effectively, you could have tons of losses, which eat into your profits, spend countless hours looking...
Merchandising is the art of promoting retail merchandise for sales. There are a variety of techniques that can help retailers move merchandise through the supply chain to the customer, but you’ve got to keep...
Managing a retail chain is loaded with challenges. There are so many moving parts that have to be managed that it can’t all be done by one person. However, with the right retail operation...
Whether you operate a regional fashion retail chain or a local sporting goods store, mobile point-of-sale (POS) terminals are increasingly becoming more and more essential. The reason is quite simple. People are buying things...
Retail chains where the multiple levels of responsibility within the organization communicate with each other about critical business processes succeed and are run more efficiently than those that don’t. The question is, how do...
The point of sale is where you and your customer meet face to face for the ultimate business transaction. They buy, you sell. But what happens if the customer can’t find the product they’re...
