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Prime Retail Solutions Holiday Strategy Insight: Preparing your inventory for peak holiday sales is key to capturing seasonal demand without overstock risks. By analyzing last year’s sales data and this season’s trends, you can ensure your top-selling products are available when your customers need them most. Let's make this holiday season a profitable one with smart inventory planning. #HolidaySalesPlanning #InventoryOptimization #PrimeRetailSolutions

🔄 **Understanding High Stock Days vs. Low Stock Days in Retail Supermarkets & Hypermarkets** In retail, effectively managing inventory is key to success. Two important metrics to track are **High Stock Days** and **Low Stock Days**: 📈 **High Stock Days**: When products stay in inventory longer than expected, indicating slow turnover. This can tie up capital, increase holding costs, and signal potential overstock issues. 📉 **Low Stock Days**: This reflects faster inventory turnover, meaning products move off the shelves quickly. It's a sign of efficient inventory management and higher sales velocity. The goal is to find the right balance to ensure availability while minimizing costs. Keep your stock optimized for a smoother operation and better profitability! #RetailManagement #InventoryControl #Supermarkets #Hypermarkets #SalesOptimization #StockTurnover

Don't let seasonal index errors cause headaches for your retail business. https://lnkd.in/dtxSebRX Learn how to accurately calculate and apply seasonal indexes to optimize your inventory management. #retailbusiness #inventorymanagement #seasonalindex

Seasonal inventory can be a real headache—think fluctuating demand, high storage costs, and the fear of leftover stock haunting you at the end of the season. Here's what you can do: 1️⃣ Forecast Demand Accurately: Look back at past sales, keep up with trends, and stay ahead of those holiday rushes. It’s all about knowing what your customers want before they do! 2️⃣ Just-In-Time Inventory: Don’t let excess stock clutter your warehouse. Work with fast suppliers and order just what you need, when you need it. Lean and mean is the way to go! 3️⃣ Seasonal Inventory Plan: Be the early bird with a solid plan. Stock up on the winners, and have a strategy in place to clear out the rest when the season’s over—think discounts, bundles, and promos. Ready to make seasonal inventory a breeze? Watch our video and get ready to crush this upcoming selling season with confidence. #ecommercetips #onlineselling #onlinebusiness #seasonal

Day 6: Inventory Turnover Rate Metric Brief: Inventory turnover rate measures how many times a store sells and replaces its inventory over a period. Importance: Optimizes inventory management, minimizes storage costs, and ensures product availability. Calculation: Cost of Goods Sold / Average Inventory Cost Insights: A high turnover rate indicates efficient inventory management, while a low rate might suggest overstocking or slow-moving products. Stakeholders: Supply Chain Managers, Merchandisers #data #analytics #retail #walmart

As we head into the🎄holiday season, which is shorter than normal with only 27 days between Thanksgiving and Christmas, highlighting leaner supply chains and 💸 lower prices. Recent article from 💻 SupplyChainBrain has some good insights about 🛍️ retailers and 📲 customer expectation. https://lnkd.in/eHAGN9kJ At Productiv Inc., we understand the pressure that 📈 peak season brings. As a 3PL, we're focused on helping our 🤝 partners stay nimble and keep up with 💡 demand spikes, no matter how unpredictable they are. Our expertise in improving supply chain velocity and our track record of supporting brands through huge spikes in previous peaks make us a valuable partner during this critical time. Inflation, higher prices and steeper discounts may be the headline, but behind the scenes, it's all about the 🚀 strategy and 💪 flexibility to deliver on promises during the most wonderful—and demanding—time of the year. We'd love to hear how others in the supply chain space are preparing for the 🎉 holidays. What strategies are you employing to ensure 🚚 smooth operations this season? www.getproductiv.com #SupplyChain #Logistics #HolidaySeason #3PL #Retail #SupplyChainManagement #PeakSeason #CustomerExperience #Ecommerce #WarehouseManagement #ProductivInc

The busiest and most challenging time of year for much of the retail industry is on the horizon, which means the time to wrap up planning your supply chain strategy for the peak holiday shopping season is now. While the early budgeting, product research, price comparisons, and planning undertaken by consumers emphasize the importance of proactive supply chain preparation for businesses, here are some preparative steps to help maximize your peak season

Avoid inventory challenges before and after the festive season with our expert inventory solutions. Get in touch at contact@orridge.co.uk to explore our supply chain services! #SupplyChainManagement #SupplyChain #InventoryControl

These are the top 3 things you need to do to maximize your revenue during Peak Season 2024: 1. Front-load your sales: Start with October promotions like Prime Days. Big retailers like Walmart and Target have already embraced this trend. 2. Optimize your inventory: With ocean freight in flux, ensure quick inbounding and flexible dock-to-stock times. 3. Preserve your margins: Bundle products, offer free shipping after a minimum order, and incentivize larger carts. To find out more about locking in your supply chain strategy, read our Peak Season Guide. If you don’t have time to read it now, we highly recommend bookmarking it and coming back in the next few days. Peak season is coming up fast, and you want to be fully prepared. Here’s the link: https://lnkd.in/gJk9jj8v #holidayshopping #consumerbehavior 

Good inventory planning can make or break your holiday season. Take a proactive approach to profitability by unifying inventory and customer data and segmenting mark-downs. #ecommerce #BFCM