Understanding the Intricacies of Retail Merchandising
In retail, success often hinges on more than just having a quality product. Retail merchandising — the art and science of presenting products to consumers in a way that maximizes sales — is a crucial aspect of modern business strategy.
Strategies for Better Shelf-Life Management
Effective shelf-life management is more critical than ever. With a higher demand on fresh and organic products the trend of having fast moving with short expiry items as part of a portfolio is inevitable.
Retail Execution: The Way to the Perfect Store
In an ideal retail world, every store would have perfectly stocked shelves, eye-catching displays, and products that never run out of stock. This utopia of retail execution is known as the “perfect store”
Inventory Management: Strategies for Retail Stock Tracking
The way managers and teams handle their inventory management is crucial for business success.
Real-Time Visibility: Tracking Merchandise Seamlessly
Having real-time visibility into your merchandise tracking paves the way for better merchandise management, operational efficiencies, increased on-shelf availability, improved logistics cycles and accurate forecasting.
Strategic Asset Allocation for Inventory & Stock Management
In today’s rapidly evolving retail landscape, Strategic Asset Allocation (also referred to as SAA) has emerged as a crucial approach to optimizing resources for better inventory and stock management. This methodology allows businesses to align their assets with their overall strategic goals, ensuring that resources are allocated efficiently to meet consumer demand and market fluctuations. […]
Asset Tracking Optimization: Track Merchandise in the Market
Asset tracking and optimization have emerged as critical components for businesses aiming to maintain efficiency when it comes to merchandise management and competitiveness in today’s fast-paced and highly competitive markets. Across various roles at different levels and departments of an organization, professionals recognize the need for solid systems that can monitor and manage inventory effectively. […]
Data-Driven vs. Traditional Market Research Approaches: A Comparison
For decades, traditional market research methods have been the backbone of gathering consumer insights. However, the rise of technology and the demanding pace of the modern environment have paved the way for new data-driven methods.
Data-Driven Market Research: Unlocking Insights
Market research has evolved far beyond traditional methods which can no longer keep-up with the pace of change.
Customer Insights: Leveraging Retail Execution Solutions for Market Research
The way to success can be summarized by the following statement: Companies need to understand customer behavior. To do so, they need to conduct market research, a whole process that needs meticulous planning and rigorous execution.
