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Any small-to-medium sized business follows a core business practice of monitoring inventory levels accurately. But when it comes to supplying products through multiple channels on time, businesses do find it challenging. The constant pressure from several buyers and...
From the outside, warehouse inventory management seems fairly straightforward. Nothing more than receiving and arranging the inventory so that it could be retrieved quickly when needed. However, inventory management is a lot more than just arrangements. Managers have...
LONDON: Quantzig, a global analytics services provider, has recently completed its latest inventory optimization solution for a personal care product retailer. The growth of the personal care product segment has boosted the revenues of the retail sector. The rising...
Inventory is one of the most dreaded words in the retail sector. It involves lots and lots of counting, reconciling, physical inspection, planning, and forecasting. It’s a simple equation, you buy goods paying money, and you get that money back plus some profits after...
In the retail landscape, the efficiency of the retailer solely lies in the ability to deliver the goods and services at the right place and at the right time; while paying heed to the quality of the products. So, rendering these services can only happen with the...
Business Challenge Challenge with implementing store level product pricing strategy. A retailer wanted to accurately determine the prices of products in relation to the varying demand at an individual store level. Situation: Traditional methods not yielding expected...
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