Empty shelves drive customers away. Our study reveals that over half of shoppers seek products elsewhere when faced with stockouts. Don't let inventory gaps cost you sales. Download the report for free now (no sign up required). https://hubs.li/Q02Srl9R0 #RetailStrategy #CustomerBehavior #InventoryManagement
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Empty shelves drive customers away. Our study reveals that over half of shoppers seek products elsewhere when faced with stockouts. Don't let inventory gaps cost you sales. Download the report for free now (no sign up required). https://hubs.li/Q02Srl8_0 #RetailStrategy #CustomerBehavior #InventoryManagement
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Walking the tightrope of #retailmanagement? Explore five tricks to balance stockouts and overstocks like a pro. Keep your shelves and customers happy #InventoryOptimization #MSDyn365BC #CustomerSatisfaction https://okt.to/c2aBm8
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Walking the tightrope of #retailmanagement? Explore five tricks to balance stockouts and overstocks like a pro. Keep your shelves and customers happy #InventoryOptimization #MSDyn365BC #CustomerSatisfaction https://okt.to/DkQ6Vo
The Balance of Power: Five Key Practices to Reduce Retail Stockouts
https://archerpoint.com
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For retailers, annual sales goals can be made or broken during the holiday season. Managing inventory effectively is a key to maximizing revenue — as well as avoiding lost revenue that can result from overstocks or stockouts — making sell-through rate an analytic of critical importance. Read more: https://hubs.li/Q02WW2gK0 #sellthroughrate #supplychain
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Are You Ready for the Holiday Rush? ???? In this video, we explore effective inventory optimization strategies for retailers gearing up for the holiday season. Discover how to analyze sales data and seasonal trends to predict demand and make smart purchasing decisions. Let's maximize sales and lessen waste together! #RetailSuccess #InventoryManagement#MaximizeSales #SmartPurchasing #RetailOptimization #FutureOfRetail
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Inaccurate inventory data is a trillion-dollar problem for retailers. A study by the IHL Group found that retailers miss out on nearly $1 trillion in sales per year because of out-of-stock items. According to a survey of 1,000+ retailers, every time a consumer orders a product, there’s a 20% chance the product they want isn’t even available. It also may be available but doesn't show up online. Industry experts agree that retailers need better data. Nicola Kinsella offers some practical advice on how any organization can get started. You can read the entire article here: https://buff.ly/3VWB5QZ #retail #inventory #data #demand
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Are manual stock counts causing headaches for you and your customers? Then it’s time to invest in an inventory data tool ?? Here’s how to find the right one for your #retail store: https://hubs.la/Q02WbgRr0
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? Are You Over-Relying on Promotions to Move Excess Inventory? ??Our benchmark report reveals that 74% of businesses use discounts to clear excess stock. While effective during the holidays, this strategy can reset consumer demand, leading to lower prices and squeezing profit margins. ??Want to find the right balance? ??Check out our Inventory Management Report: https://bit.ly/3BlRDdt #InventoryManagement #Profitability #Netstock #Promotions #SupplyChain
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Stockouts and overstock are the 2 main drivers of an e-commerce brand’s downfall. The only way to prevent that is by keeping track of your inventory and sales forecasting as accurately as possible. Flieber tracks all of the relevant data points in real-time. ? Current inventory ? Units sold ? Sales forecasting ? Inventory needs ? Shipping times It is overwhelming to track all of that data manually in a spreadsheet. Flieber pulls it in for you in real-time so that brands won’t miss anything important. We stay ahead of the game, so you don’t have to stress about stockouts or overstock. If you need help with inventory planning, DM me!
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If your inventory is collecting dust, it’s time to act! Here are some tips to improve your inventory turnover rate: ?? Analyze which products are moving slowly and consider running limited-time discounts. ?? Use demand forecasting to predict future sales and avoid overstocking. ?? Adopt a first-in, first-out (FIFO) system to ensure older products sell before newer stock. ?? Monitor supplier lead times and adjust your ordering to align with sales patterns. Better inventory turnover means less cash tied up in stock and more in your pocket! ?? #ecommerce #inventorymanagement #cashflow
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