Merchandise buying should be approached with data as it is dynamic from one market to another and from time to time. Learn how you can understand the pulse of the customer and optimise merchandise buying accordingly!
Inventory forecasting should be done with reliable data rather than anecdotal data. Learn how you can forecast inventory at store and product SKU levels!
Assortment planning in retail changes from one location to another, making the process hard. Learn how you can simplify the process with AI & ML!
If you’re looking to expand your retail business or start your retail journey, understanding the role of inventory management in retail is crucial. Retailers must find the delicate balance of having enough stock to meet customer demand without overstocking and incurring unnecessary costs. But effective inventory management is more than just keeping track of stock
Inventory management has a direct influence on sales and customer satisfaction. But to effectively strategise inventory management the right way, you’d need to implement tested and data-backed techniques to develop a tailored one for each of your stores. The right strategy will ensure optimal stock levels, minimize wastage, and prevent stockouts, all while aligning with
Demand planning for retail is the backbone of the business. Read and learn why demand planning is crucial and how you can develop one with location data.
