article thumbnail

How forecasting can enhance cash flow in the retail sector

Retail Focus

Tools which use machine learning and predictive analytics can use information from past sales, foot traffic and online interactions and turn this into insights for the future. For retailers, this is an essential tool for managing staff, stock and promotional campaigns. After all, how and when was a dataset collected?

Flow 147
article thumbnail

How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inbox to doorstep: Three strategies to elevate your post-purchase experience

Inside Retail

From the moment a purchase is confirmed to when it arrives at the customer’s doorstep, Klaviyo ’s intelligent marketing automation tools track progress and inform customers where their eagerly anticipated purchase is at. You can learn more about this from our earlier features that focused on automated flows and audience segmentation.

Strategy 290
article thumbnail

Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

In this article, we outline how your business can strengthen its cash flow and grow by providing more payment options to retail business customers. While trade credit may be convenient for your customers as they don’t need to pay anything upfront, it can cripple your business’s cash flow when payments are late. . Boost cash flow.

Flow 355
article thumbnail

BNPL: It’s been a hit for consumers and now businesses get their turn

Inside Retail

Offering people the ability to spread out their payments for goods and services across regular intervals enables consumers to better manage their own cash flow. With the potential to transform how companies manage their cash flow, BNPL for businesses is here to stay. . Click here to download your free guide.

Consumer 246
article thumbnail

Blockchain in supply chain management: enhancing transparency

Retail Times

In today’s interconnected world, supply chain management plays a vital role in ensuring the smooth flow of goods and services from raw materials to the end consumers. To address these issues, the emergence of blockchain technology […] If you want more information Retail Times get in touch!

article thumbnail

Power imbalance: data reveals “woeful” payment times by large retailers

Inside Retail

This, he said, is “causing needless harm and cash flow challenges for small and family businesses.” Managing director at Spenda, a B2B payments solution company, Adrian Floate said that larger businesses should take more responsibility to pay in an appropriate time frame, and improve conditions for smaller players.

Flow 195