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A recent report reveals that for the first time since the pandemic began, sales growth has outpaced inventory growth. This marks a significant turning point for retailers who have been grappling with inventory management challenges amidst fluctuating consumer demand and global uncertainties: https://lnkd.in/ecP-2g-j While this report is positive in terms of the overall industry, have you seen the same situation develop for your own business? This shift signifies a new era of retail management, where agility, precision, and strategic planning take precedence. As retailers continue to balance inventory reduction with the dynamic market demands, this could very well be the blueprint for future retail success. Productiv is here to offer pivotal support for brands looking to further optimize their inventory management strategies. We provide advanced warehouse management systems that integrate real-time data analytics, offering a precise understanding of inventory levels, demand forecasting, and efficient space utilization. This technology-driven approach not only aligns with the trend of reducing inventory to boost margins and operational efficiency but also ensures retailers can navigate seasonal fluctuations and demand surges with agility. Get started today at https://lnkd.in/essRQXs.

Inventory turns are critical. Especially for seasonal merchandise. If you have too many slow moving items, it leads to markdowns and a reduction in overall sales performance. But to maximize sales and turns, you need to ensure you have the right products, in the right place, at the right time. That means making sure you allocate stock appropriately across all your fulfillment locations. In our latest blog, we look at three ways to optimize inventory allocation: https://lnkd.in/gvbzM-VN #fluentcommerce #ordermanagement #orderfulfillment #OMS #retail #inventory #retailing

If managing your retail inventory is overwhelming, read the latest blog by Richard Haigh as he shares practical advice on how retailers can clean up their stock, empower their merchandising teams, optimise replenishment processes, and fix working capital. These crucial insights can help you secure a sustainable future in retail. https://lnkd.in/eyKB5Tg5

Is your inventory position back on track? According to Telsey Advisory Group analysts, the retail apparel industry is achieving inventory normalization through improving supply chain trends and leaner positions. This has facilitated a return to a more normalized planning/ordering/buying timeline with greater predictability. Retailers can now once again read, react, and chase trends while balancing reducing inventories and managing promotions profitably. Check out this article to learn more about how retailers are achieving inventory normalization. #retail #supplychain #inventorymanagement Link to article: https://lnkd.in/gzDM8_WE

Inventory levels are finally starting to level out so retailers are in a better position to react and chase trends. But not all categories in retail are created equal. Find out more in this article which provides highlights in a quick and concise read.

In #retail, it's vital to stay on top of what you've got in stock. Without good #inventorymanagement, you run the risk of stock outs, lost sales, and more. To help you out, we've put together 5 ways you can make improvements around inventory management in your stores so that you can focus on the other parts of your business. https://okt.to/rxpdzZ

If managing your retail inventory is overwhelming, read the latest blog by Richard Haigh as he shares practical advice on how retailers can clean up their stock, empower their merchandising teams, optimise replenishment processes, and fix working capital. These crucial insights can help you secure a sustainable future in retail. https://lnkd.in/gF6U2QTb

If managing your retail inventory is overwhelming, read the latest blog by Richard Haigh as he shares practical advice on how retailers can clean up their stock, empower their merchandising teams, optimise replenishment processes, and fix working capital. These crucial insights can help you secure a sustainable future in retail. https://lnkd.in/gZr3WE2f

Retailers are revamping their inventory management strategies, phasing out the stockpiling approach that dominated the pandemic and embracing a more leaner approach. This shift is being spurred by a combination of factors, including advancements in forecasting tools, slowing consumer spending growth, and a more stable supply chain. 1. Retailers are leveraging technology to gain a sharper understanding of consumer demand and place orders for the appropriate amount of inventory. 2. Consumer spending has moderated, granting retailers greater flexibility in managing inventory. 3. The supply chain is evolving into a more robust ecosystem, minimizing the need for stockpiling. This transition to a ‘just-in-time’ approach heralds positive outcomes for both retailers and consumers. Retailers can conserve capital by avoiding surplus inventory, while consumers can relish a wider product selection and more competitive pricing. 1. The inventory-to-sales ratio for general merchandise retailers decreased to 1.36 in November 2023 from its pandemic-era peak of 1.5 in August 2022. 2. Walmart, a prominent retailer, reduced its inventory in the U.S. by 4.8% for the quarter ending October 27, 2023, while comparable-store sales climbed 4.9%. 3. IKEA, a furniture retailer, has resumed importing goods at a similar level as pre-pandemic times and is adopting a ‘just-in-time’ inventory strategy. Overall, this pivot to a ‘just-in-time’ approach reflects retailers’ growing confidence in their ability to oversee their supply chains and anticipate consumer demand. It is anticipated that this shift will lead to more stable pricing and a superior overall customer shopping experience. #inventorymanagement #justintime #technology #consumerdemand #supplychain #forecasting #supplychainmanagement  #demandplanning

Inventory! A lot of retailers today are (still) struggling with too much of it. My colleague Margeaux Leighton and I have written a short piece on how retailers can take practical, strategic actions to solve immediate issues of overstocked, aged, or trapped inventory while also future-proofing to prevent recurring problems. Please check it out.