Tagged: inventory management

retail product life cycle

Understanding the Retail Product Life Cycle

Retail chain operations managers can make their stores and chains more profitable simply by understanding the retail product life cycle better. In general, there are five distinct life cycles for any retail product. Below...

wholesale management

7 Things Wholesalers Can Do Better

Wholesale operations are easy to improve with the right tools. The one essential tool that can make any wholesale operation better is an operations management solution. ChainDrive has unique features that allow wholesalers a...

retail forecasting

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...

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...

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...

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...

retail product life cycle

The Beauty of Centralized Product Management

Centralized product management allows you to manage your inventory efficiently, effectively, and profitably. Here are 5 ways centralized product management is better for your retail chain. Real-time inventory status – With centralized product management,...

retail merchandise

4 Types of Retail Merchandise

Retail merchandise is generally categorized into four different types, or classes. Chances are, as a retailer, you specialize in one of these four classes. But you needn’t merchandise your store only with one type...

mobile point of sale

5 Uncanny Features of Mobile Point of Sale

Mobile point of sale is opening up new doors for retailers all across the country. It’s a fascinating new technology that leverages the time of every employee on your staff while empowering your customers...

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