Every retail organization, regardless of its size, has a merchandise hierarchy for all the goods. A Merchandise Hierarchy is a reporting structure under which sales and inventories of products are tracked and managed. The function of the merchandise hierarchy is to categorize products and is…
Managing retail inventory often requires long hours and can result in costly errors. A handheld solution for inventory management can better utilize retail workforce time by giving them a tool to check stock inventory in real-time. Retail associates can use handheld devices to immediately check…
Retail Replenishment can be defined as acquiring product on a recurring basis to support actual or anticipated need. Replenishment is best served as an automated process given the huge number of combinations of items and store locations. This newly introduced feature in iVend Retail…
Reiterating its strong commitment to continuous innovation to create profitable retailers and happy consumers, CitiXsys released a feature rich, iVend 6.2 earlier this week. This release of iVend Retail has numerous features, all aimed to extend valuable business benefits to the retailers. This post talks…
Channel Integration in the multichannel world of retail is a largely discussed topic now days. With customers having the choice of multiple channels for shopping – in-store, online stores using multiple form factors of devices, retailers need to be present across all retail touch points….
Item Costing Item Costing allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to make business decisions. With the introduction of Standard…
COMPANY : De Vrina Country: Australia Industry : Footwear De Vrina shoes specialises in quality, affordable wedding shoes for ladies, shoe clips and handbags. De Vrina is into design, wholesale and retail distribution of ladies shoes and handbags since the year 2000. They are known…
Mobility in general and specifically in retail has changed the way we consumers go about retailing. It is this ubiquitous nature of mobility that has led to all forward-looking retailers incorporate mobility in their business landscape. There are equal number of retailers who have set…
Sales from eCommerce portals are steadily gaining an upward trend and steadily becoming a significant portion to total retail sales. The contribution percentage of eCommerce sales is increasing at a much higher rate than retail sales in general boosting retail sales. eCommerce is also complementing…
The onset of digital era started a decade ago, and retail has undergone a complete makeover since then. The smartphone revolution has completely altered the way people shop today. Mobile translates to digital access anytime, anywhere, as people have their mobile phones with them all…