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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.

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5 Ways Poor Logistics Management Can Affect Your Business

RetailMinded

Add to that not being on top of your logistics management, and you can be facing disastrous consequences on the health of your business as a whole. Improving the logistics management process will translate into increased operational productivity and efficiency. Plan your routes better, and make sure that every load is a full one.

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Four Pillars of a Successful Business, Part 4

Retailing Insight

T he Magic of Cash Flow: Fueling Business Growth through Effective Management is the final article in a four-part series that explores the four pillars of a successful business. Execution – The plan is only as good as the execution. Cash – Manage your cash flow, manage your growth.

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Six strategies to future-proof your supply chain in 2023

Inside Retail

We believe there are six key strategic pillars, which should be taken into account to ensure your organisation is on the right track for supply chain resilience: Redesign your fulfilment network and your merchandise planning function for multi-channel fulfilment. Progress is the pathway to perfection, so it’s okay to do this in stages.

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How to get on top of the numbers that matter in your business

Inside Retail

Whilst you would hope that is the exception rather than the rule, it is the accrued revenues, the forecast margins and aspirational cost management that become the most destructive. It is amazing really, the number of people that capably count revenue, yet cannot manage cost and believe that profit equals cash flow? Sensitivity.

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4 Ways eCommerce Sellers Can Avoid Costly Stockouts

RetailMinded

A stockout occurs when a company runs out of a fast-selling product due to a lack of planning or uncontrollable circumstances such as a global supply chain issue. The good news is that eCommerce business owners can avoid costly stockouts with planning. Minimize Cash Flow Shortfalls. Minimize Cash Flow Shortfalls.

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Inside the evolution of BNPL and the modern consumer

Inside Retail

Gen Z is treating BNPL like a cash management tool. Consumer attitudes towards money management are changing, now that younger consumers’ attitudes towards credit have shifted. Rather than being stuck with credit card interest, they are looking towards BNPL to help them manage their money. “It It is a very interesting time.

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