Streamlining Your Apparel Retail Operations
Apparel retailer Abercrombie & Fitch is restructuring its operations to cut the chief operating officer position. On a practical level, what that means is the other C-level executives will all report to the chief executive officer. That’s one way to streamline your retail operations, but it’s not the only way.
Technology can also be used to streamline retail operations. Here are three practical ways a retail operations solution can help you streamline your apparel chain operations:
- Automate Replenishment – Inventories are always fluctuating. Every sale reduces your product count. Every purchase order increases it. One way to streamline your replenishment procedures is to automate them. You can do that by establishing rules for when you order new product. And you can establish different rules for different product lines. If one product sells faster than other products, then set the minimum order higher, and the replenishment trigger too.
- Intelligently allocate your product counts – Not only do different products sell at different rates, but different stores sell the same products at different rates. What’s popular at one location may not be popular at another. For that reason, you can intelligently allocate your products for individual stores according to how quickly they turn over their inventories. The right retail operations solution can handle this task seamlessly.
- Sort your products easily – Another aspect of inventory control is product assortment. You can sort your products by size, color, vendor, and product type, but you can also sort them according to store or region where those products are trending in sales or more popular. This makes it easier to find those products in any store and facilitates faster store transfers. Sort your products intelligently and your entire retail operation will run smoothly.
An efficient apparel retail operation begins with your inventory. If you have it running smoothly, you’ll go a long way to streamlining your retail operations.