Tagged: sales

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...

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...

point of sale

6 Reasons Your POS Isn’t Delivering More Sales

Retail stores live and die by the point-of-sale system. If your POS isn’t delivering more sales, there are reasons why. Perhaps you should explore one or more of the following options. No real-time product...

store budgeting

Top Retail KPIs You Should Track

Retail key performance indicators (KPIs) are important metrics. They help retail managers understand their customers, business, and revenue situation better. If you want to run a profitable retail operation, then keep an eye on...

business intelligence

5 Metrics Every Retailer Must Track

Retail metrics is ever-changing, but there are some things that remain the same. If you are a retailer in 2019, here are 5 important metrics you must track to remain competitive and profitable. Traffic...

store budgeting

5 Ways to Improve Store Budgeting

Retail stores, and retail chains, are profit centers. In order to turn a profit, you have to shell out money for expenses — overhead, merchandise, payroll, and more. In order to manage the operation...

business intelligence

What Should You Measure?

Analytics is one of the most important aspects of retail operations management. Without it, you have no idea how your business is doing or what you can change to improve your operations. One of...

ecommerce solution e-commerce

How to Handle Data in E-Commerce

How does your e-commerce solution handle data? How should it handle data? The proverbial “it depends” just won’t cut it any more. There needs to be an effective and efficient way to handle data...

price management and retail profits

What Impact Do Prices Have On Profits?

E-book distributor Smashwords has done some studies on e-book pricing, and what they’ve found is that $2.99 is one of the best price points for e-books in any genre, hence the reason that is...

retail operations management solution

6 Benefits of Synchronizing Your Retail Operations

When it comes to retail management solutions, one of the most important parts of the process is operations management. A good operations management solution should help do a number of things, but here are...

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