Blog

Why Traditional Retail Performance Indicators Fail
Blog

Why Traditional Retail Performance Indicators Fail

Content   “Tell me how you measure me and I will tell you how I will behave. If you measure me in an illogical way, do not complain about illogical behaviour” – Eliyahu M. Goldratt  When we measure performance, we want to compare the actual output of something to a predefined ideal. A variance from the ideal should

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automated inventory management
Blog

Time To Ditch The Spreadsheets And Automate Your Inventory Flow

Table of Contents Why Accurate Stock Forecasting Is A Top Priority Achieving the right stock level is a delicate balance, and there is a huge pressure to get it right. Despite being a top priority, forecasting often falls short, which results in avoidable losses and waste.The cost of inadequate inventory forecasting is a growth-killer, and

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inventory management platform
Blog

Platform Retailing: No Push, No Pull, Just Flow

Last week, I attended a webinar, titled: Retail buying in uncertain times, aimed at multi-brand retailers of fashion and sporting goods. Multi-brand retailers buy from the brands and sell to consumers in a seasonal rhythm, where a season lasts roughly 26 weeks, including the sale period, where ‘everything must go’. The cash to cash cycle between concept and

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retail dimensions
Blog

New Retail Dimensions

When I write this, most brick and mortar retail locations we serve are closed and we, like our clients, are having to deal with a significant drop in monthly revenue and have taken necessary steps to reduce expenses and preserve cash positions. At Retailisation, we renamed ‘customer success’ to ‘customer care’ and are preparing for

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machine learning applications in retail
Blog

How can machine learning improve retail inventory management?

Introduction The current interest in artificial intelligence and machine learning has been generated by advances in computer technology and the abundance of data.  Applications of this new technology are well known to be part of the operations of tech giants such as Google, Facebook, Linkedin, etc.  But what about the retail industry?  In this article,

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understock-overstock
Blog

Understock and Overstock Explained

In one of my previous blogs, I explained that the biggest dilemma of retail inventory management is ‘to ship or not to ship’. Too much inventory leads to markdowns and unnecessary employment of capital and too little leads to lost sales and erosion of market share. Since then, I have received several questions about how

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