Tagged: pricing

price management and retail profits

Avoid Inefficient Price Management

When price management isn’t done right, there will be a domino effect. The wrong choices in price affect customers who then go somewhere else to find the product. Often those customers will give poor...

price management and retail profits

How To Implement Effective Price Management

Price Management is much more than making sure the right number is on the tag. Effective price management means that the number on the tag is appropriate because the pricing has been analyzed accurately...

point of sale software

How’s Your POS Working For You?

The point of sale (POS) is the place where your business is made or broken. Sure, your profit is wrapped up in the merchandise. You make the money when you buy the product. You...

retail supply chain

6 Ways to Manage Inventory Better

Inventory management is one of the most important aspects of running a retail chain. It could mean the difference between a profit and a loss. With that in mind, here are six ways to...

5 Practical Benefits of Mobile Assistant

5 Practical Benefits of Mobile Assistant

In many ways, mobile marketing and mobile commerce are taking over the business landscape. Even in retailing you see evidence that consumers are leaning toward their smartphones. There’s nothing wrong with that. In fact,...

5 Features Product Management Needs

5 Features Product Management Needs

Product management is pretty important to your customers, because they want a particular product when they come to your store or site. If the product isn’t there, most people today will simply whip out...

Zoom In On Product Management

Zoom In On Product Management

The ability to zoom in on an image takes the viewer from a big perspective to a pertinent detail, exactly the detail the viewer wishes to examine. Effective retail product management software is capable of...

Why Does Product Management Need A Matrix?

Why Does Product Management Need A Matrix?

“ChainDrive’s power tool, the matrix, centralizes and facilitates the complexities of supply chain management throughout the product lifecycle, providing you with all the necessary tools you need to effectively manage your most valuable asset,...

Expect The Unexpected In Product Management

Expect The Unexpected In Product Management

It isn’t difficult to visualize the task of product management as a challenge similar to the classic puzzle cube. Every decision made concerning inventory has ramifications, and choosing one strategy changes what happens in...

8 Tools In Your Product Management Toolbox

8 Tools In Your Product Management Toolbox

You can’t do a good job without the right tools. When an expert begins to solve challenges, that expert usually reaches for tools designed specifically for the job. Mechanics use specialized tools, cabinetmakers use...