Inventory Management

Retailers face a series of uphill battles when it comes to staying ahead of emerging trends such as e-commerce and the sharing economy. These trends are fueling consumers’ feverishly high desire for rental or subscription options for products normally only available for purchase. In the last several years we’ve seen several startup rental companies like…

With 3,000 points of sale in over 100 countries around the world, ALDO Group, a designer, manufacturer and retailer of footwear and accessories, sought a solution to help it better optimize its inventory across its online and offline sales channels. After a thorough vetting process, ALDO announced that it was partnering with Celect, a predictive…

While an inventory management process will — and should — evolve over time, you can lay the groundwork for a successful strategy that matures alongside your business. In discussing inventory management challenges with our customers, I’ve learned how consideration and evaluation of the following practices may help your operation avoid common pitfalls while keeping your…

The staying power of buy online, pick up in-store (BOPIS) comes down to two simple facts: consumers are demanding it, and retailers need it. JDA Software’s 2017 Consumer Survey found that 50 percent of consumers had used BOPIS in the previous 12 months, a 43 percent increase over two years ago. But what about retailers? A new study by…

The staying power of buy online, pick up in-store (BOPIS) comes down to two simple facts: consumers are demanding it, and retailers need it. JDA Software’s 2017 Consumer Survey found that 50 percent of consumers had used BOPIS in the previous 12 months, a 43 percent increase over two years ago. But what about retailers? A new study by […]

Target is testing a new product distribution strategy aimed at cutting down its replenishment cycle from days to hours while reducing overall inventory at stores, especially at small-format ones. Preston Mosier, Target's senior vice president of global supply chain and logistics field operations, made the announcement last week during a keynote presentation at the Retail Supply…

While an inventory management process will — and should — evolve over time, you can lay the groundwork for a successful strategy that matures alongside your business. In discussing inventory management challenges with our customers, I’ve learned how consideration and evaluation of the following practices may help your operation avoid common pitfalls while keeping your business on track.

In episode 133 of Total Retail Talks, recorded earlier this year at the National Retail Federation's Big Show in New York City, Aaron Sanandres, co-founder and CEO of UNTUCKit, a retailer of casual men's shirts designed to be worn untucked, and Keith Sherry, chief operating officer, SATO Global Solutions, a global barcode and RFID technology…

“What decisions can technology manage better than humans?” should be the question that drives your internal operational process. For example, is there a way to automate internally transferring inventory already in your supply chain to locations in need? What about building orders to supplier minimums or logistics constraints? Can allocation of insufficient quantities be taken…

Traditional retailers are under tremendous pressure from online and other forces. But how bad is it? And what can retailers do to remain competitive? Formerly successful retailers like Borders, Aeropostale, RadioShack and Payless Shoes have gone bankrupt under the online onslaught. Just recently, the “category killer” Toys"R"Us filed for bankruptcy. While other retailers are keeping…