Retail Management Software Blog Blog

OTB planning

How to Calculate OTB

In retail planning, open-to-buy (OTB) is one of the most important concepts to understand. By calculating your OTB you can ensure maximum profitability and keep your inventory management practices on target. Here are the...

integrated accounting

7 Retail Accounting Functions You Should Integrate Today

If your retail operations are going to be profitable and efficient, you need to integrate your accounting procedures into your operations management solution. At a minimum, you should incorporate the following seven accounting functions...

specialty retail

5 Specialty Retailers That Benefit From Centralize Product Management

Product management for specialty retail stores is more efficient if done from a centralized location. By managing the process from a single database, retailers can set allocation and replenishment limits for each store which...

real-time inventory

How Real-Time Inventory Monitoring Saves Retailers Money

Real-time inventory monitoring is a key feature of the ChainDrive E-commerce Gateway. But what are the benefits of this monitoring? In a word, it saves retailers money. Here are 6 powerful ways you can...

web order fulfillment

5 Ways to Fulfill Web Orders

If you’re just getting started on your online retail venture, you might be wondering what is the best way to handle web order fulfillment. There are some effective ways and not-so-effective ways. Here are...

home decor retail

5 Essential Factors of Cross-Channel Home Decor Retail

Home decor retailers have discovered cross-channel sales. That’s a good thing too, because everyone who does retail today is implementing cross-channel marketing initiatives and sales processes. It’s so essential to modern-day retailing that if...

warehouse management

6 Essentials of Effective Retail Warehouses

To manage your retail product warehouse effectively, there are several essential items you need. Here are six absolutely necessary items for an effective, efficient retail chain warehouse: Layout map – Let’s start with how...

product management

6 Realities of Managing Products That Can’t Be Ignored

Every retailer anywhere in the world has to grapple with managing products. Each retail operation is different, so there may be different techniques and different methods of managing these four aspects of your inventory,...

retail operations

7 Ways to Improve Your Retail Operations

With the Internet making the world smaller, competition in retail is becoming increasingly fierce. Today, we’ll focus on seven ways you can improve your retail operations regardless of the retail sector you serve. Increase...

jewelry retail

4 Way Jewelers Can Run a More Efficient Operation

Jewelers have a tough task. Besides being retailers, they’re also in the business of creating new products, appraising precious jewels, and making people happy. Here are four ways to be more efficient at running...

%d bloggers like this: