As the global economy becomes interconnected and complex, companies find it challenging to meet customer expectations. They must make supply chain decisions faster, decisive, and accurate, and have the ability to implement those decisions rapidly and transparently. Integrated demand planning is necessary to remain competitive in today’s marketplace. It amalgamates the supply side and the… Continue reading Building Digital Supply Chains with Integrated Demand Planning
A high-low pricing strategy is one that runs a substantial gap between the regular or listed price of any product and its promoted price. The high-low method is a retail price optimization strategy adopted to give consumers the perception of a bargain without any compromise on the perceived value of the brand. The most important… Continue reading What is a High Low Pricing Strategy in Retail? Find the ideal price for your product.
What is Retail Price Optimization? Customers are comparing prices all the time and across channels – online and offline. They have apps that suggest discount codes and they are always looking for offers that give them the most value for their money. Even in such a time of changing consumer behaviour, unfortunately, many retailers rely… Continue reading Maximize profits with Retail Price Optimization
D2C e-commerce is growing faster with increasing penetration of mobile and internet services, and the mushrooming growth of 3PL companies, especially in the urban areas. It offers benefits like cost-cutting, greater control of the supply chain, better quality management, and more efficient returns management. All this requires automated support in terms of inventory storage, order… Continue reading How D2C Brands Scale Exponentially with New-Age Inventory Management & WMS Solution
As competition intensifies across the e-commerce space, brands must offer faster deliveries and efficient order fulfillment to stay competitive. Being able to project demand accurately and maintain inventory levels according to customer expectations is crucial. A major factor influencing customers’ perception of a brand is the time taken by a retailer to deliver an item… Continue reading How Demand-Based Inventory Distribution Helps Future-Proof Your E-Commerce Business
Every business begins with a plan which, if not executed properly, impacts growth and expansion. Inventory management is a critical part of retail businesses and many businesses use Excel as their initial inventory management tool as it is user-friendly and readily available on all computers. Nearly 46% of Small and Medium businesses don’t track their… Continue reading The Cost of Human Error in Merchandise Planning: MS Excel vs New Age Merchandising Planning Software
Merchandise planning is an intensive process that gets more complicated around the holiday and discount season. Black Friday discount, which started as a one-day event spread to Cyber Monday, its digital version. In 2020, U.S. shoppers spent a record $34.36 billion on retail websites over the five days from Thanksgiving to Cyber Monday, up from… Continue reading How retail stores can plan their merchandise accurately during the Black Friday and Cyber Monday Sale
As more and more people turn to omnichannel shopping, something as simple as maintaining inventory has become more difficult for companies. The silver lining is that along with consumer purchasing preferences, the technology required to conduct an efficient business has also evolved leading to digitization and automation of processes including inventory management. Manual vs Automated… Continue reading The Next Big Thing in Retail: Automation in Inventory Management
There are hundreds of people who walk into your store every day. This provides an opportunity to convert them into loyal customers. How do you impress them? A straightforward and data-driven way to ensure that you always meet your customers’ expectations is by investing in assortment planning. What is assortment planning in retail? Simply put,… Continue reading Assortment Planning For Profitable Retailing
Increff named as a Representative Vendor in the 2021 Gartner Market Guide for Retail Assortment Management Applications (RAMA): Short Life Cycle Products Covid 19 exposed inefficiencies in processes and systems, highlighting the need for preparedness and resilience through digitization. In the report, Gartner predicted that “by 2024, Tier 1 retailers in North America and Europe… Continue reading Intelligent Inventory Management of Apparel, Seasonal, & Short Life Cycle Products
