Retail Management Software Blog Blog

retail operations

5 Operational Statistics Retailers Must Get a Handle On

Retail operations managers must be able to look at hard data, analyze, and evaluate the chain operations to ensure efficiency, profitability, and effectiveness. To ensure your retail chain is operating at max capacity, you...

department store operations

5 Ways Technology Can Improve Your Department Store

Technology has become an intrinsic part of our lives. Today, most businesses are built entirely around a specific technology platform. Department stores, while they’ve been around for decades, can employ some of the latest...

internal integrated messaging

How to Empower Your Retail Employees

If you want to motivate your employees to be more productive you’ve got to give them efficiency and communication tools. The simplest, most powerful way to do that is to integrate instant messaging into...

wholesale inventory management

7 Things Wholesalers Can Do Better

Wholesale operations are easy to improve with the right tools. The one essential tool that can make any wholesale operation better is an operations management solution. ChainDrive has unique features that allow wholesalers a...

retail forecasting

How to Calculate OTB

In retail planning, open-to-buy (OTB) is one of the most important concepts to understand. By calculating your OTB you can ensure maximum profitability and keep your inventory management practices on target. Here are the...

integrated accounting

7 Retail Accounting Functions You Should Integrate Today

If your retail operations are going to be profitable and efficient, you need to integrate your accounting procedures into your operations management solution. At a minimum, you should incorporate the following seven accounting functions...

specialty retail

5 Specialty Retailers That Benefit From Centralize Product Management

Product management for specialty retail stores is more efficient if done from a centralized location. By managing the process from a single database, retailers can set allocation and replenishment limits for each store which...

retail analytics

9 Benefits to Deploying the Right Retail Analytics Solution

When you have the right retail analytics solution in place, your whole world benefits instantly. ChainDrive understands why retailers need the best possible information about their businesses. When you have the right analytics tools...

apparel retailing

7 Key Components of An Apparel Retail Management Solution

In apparel retailing, there are so many moving parts that, to be effective, efficient, and profitable, you need a management solution that will help you solve the most difficult problems of the organization while...

retail budgeting

5 Store Budgeting KPIs to Keep You On Target

When it comes to store budgeting, keeping an eye on key performance indicators (KPIs) is essential. Knowing where you stand on your own performance indicators daily will help your stores stay on target so...

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