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.

article thumbnail

How to solve the information gap around delivery costs

Inside Retail

said Chris Ristovski, founder and CEO of delivery management platform SubTrux. . Part of the problem is that many businesses lack real-time data because they rely on paper-based information and outsource deliveries to third-party providers, so their delivery costs are lost in translation and they can’t make informed decisions.

Tailored 147
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why companies are showing young employees how to manage money

Inside Retail

Managing money is a skill that transcends the boundaries of work and personal – what works well in one area applies equally well to the other. Facilitating these lessons not only helps employees’ personal circumstances but the company’s bottom line too. Read on to see how to go about helping young employees better manage money.

article thumbnail

CBRE Investment Management secures Aldi for key unit in Fulham Broadway

Retail Times

CBRE Investment Management (CBRE IM) has announced that it has signed supermarket chain, Aldi in Fulham Broadway Retail Centre. This comes after the destination has undergone a transformative year following investment by CBRE IM and a range of new additions to the centre line-up.

article thumbnail

How to Manage Seasonal Sales and Promotions Across Multiple Locations

Compliantia

Understanding how to manage seasonal sales and promotions is key to running a successful store. This job of managing promotions becomes more complex when you start adding multiple locations into the mix. This job of managing promotions becomes more complex when you start adding multiple locations into the mix.

article thumbnail

How to ensure your order management system is ready for Christmas

Inside Retail

If your Order Management System (OMS) is flexible, you can and probably should make short-term changes to account for your biggest season. Nothing else your OMS can do matters if you lose a sale, or overpromise and have to cancel, due to inaccurate information about availability. Ramp up your availability.

article thumbnail

The barcode turns 50 and continues to transform the future

Inside Retail

The barcode was initially developed to improve the checkout experience and inventory management in the grocery sector and it is now used in almost every industry and sector. The barcode’s ability to provide detailed product information and traceability has led to significant improvements in food safety and recalls.

Promotion 246