Inventory Management

4 Ways Retailers Can Leverage AI for Inventory Optimization
June 12, 2023 at 11:21 am

Inventory is everything in the retail world. Without it, retailers simply wouldn’t be in business. However, most retailers today struggle with inventory management. Rising consumer expectations have made omnichannel a must. Now, retailers need to make millions of decisions about thousands of SKUs, across every possible channel each day — making it harder than ever…

The Dynamic Interplay Between Human Insights and AI in Inventory Management, Customer Care
June 6, 2023 at 9:49 am

The retail industry’s commitment to artificial intelligence (AI) is unmatched, surpassing all industries except finance. According to the International Data Corporation (IDC), a staggering $300 billion investment in AI is anticipated by 2026. This influx of resources promises to augment the relationship between humans and machines, delivering immense advantages to brands and consumers. There's a…

3 Online Brands Saving Millions by Cutting Back on Inventory
May 29, 2023 at 7:06 pm

The last two years have been a roller coaster for online stores. The supply chain disruptions of 2021 led to many merchants struggling to get their hands on enough inventory, and then overbuying to compensate in 2022. But now, with an economic downturn looming and the threat of reduced consumer spending increasing, stores that overstocked…

How Tech Helped Mom-of-Three Raise America’s Fastest-Growing Baby Brand
April 13, 2023 at 7:49 am

Caden Lane is a Texas-based online retailer known for its range of personalized newborn clothing along with nursery decor. The brand has gone from strength to strength since switching its focus from wholesale and brick-and-mortar sales to online-only, direct-to-consumer business. Caden Lane recently reported a 132 percent growth rate — earning the company fourth place…

6 Tips to Help Retailers Mitigate Inflationary Times
March 29, 2023 at 1:33 pm

With the lingering effect of inflation, consumers are facing new woes and worries that are reflected in their spending and shopping habits. These inflationary pressures will continue to impact shoppers’ habits, and retailers must adapt quickly to ensure they don't miss out on the next decade of growth and profit potential. Recent consumer research tells…

Collaboration is the Secret to Getting a Grip on Inventory Woes
March 9, 2023 at 2:16 pm

Whipsawed by supply chain volatility and the massive overordering that resulted when retailers placed bigger bets on stock, the retail ecosystem has absorbed some harsh inventory blows over the past two years. Heading into the 2022 holiday season, an estimated $66 billion in unwanted surplus inventory sat on retailers’ shelves. But there’s hope. As retailers…