Tagged: inventory management

eyewear retailing

How Eyewear Retailers Can Retain 20/20 Vision

Eyewear retailers have a special relationship with their customers. Once a person needs glasses, they’ll require them for the rest of their lives. If you take care of your customers, you’ll keep them for...

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...

home decor retail

5 Essential Factors of Cross-Channel Home Decor Retail

Home decor retailers have discovered cross-channel sales. That’s a good thing too, because everyone who does retail today is implementing cross-channel marketing initiatives and sales processes. It’s so essential to modern-day retailing that if...

retail product life cycle

The Beauty of Centralized Product Management

Centralized product management allows you to manage your inventory efficiently, effectively, and profitably. Here are 5 ways centralized product management is better for your retail chain. Real-time inventory status – With centralized product management,...

retail merchandise

4 Types of Retail Merchandising in Retailing

Retail merchandise is generally categorized into four different types, or classes. Chances are, as a retailer, you specialize in one of these four classes. But you needn’t merchandise your store only with one type...

mobile point of sale

5 Uncanny Features of Mobile Point of Sale

Mobile point of sale is opening up new doors for retailers all across the country. It’s a fascinating new technology that leverages the time of every employee on your staff while empowering your customers...