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The Path to an ideal inventory management system

Every retailer aims to have solid inventory planning. One that meets supply and demand balance to ensure business growth and financial advantages.  Finding the right balance is possible with an open-to-buy plan (OTB).  OTB plan is a purchasing budget for…

Five Steps to Achieving a Perfect Retail Plan

Five Steps to Achieving a Perfect Retail Plan

While following your instincts is ideal in dealing with various situations, doing business is not on the radar of using intuitions. The planning of retailing process requires vigorous efforts, data, research, and in-depth analysis to ensure its fruition in optimizing…

SMART Retailing: The Future has Arrived

SMART Retailing: The Future has Arrived

Globalization has caused changes in how nations, people, and especially businesses interact. A tremendous unconstant shift is happening in the retail market, resulting in the formation of smart retail. Companies, because of technology, are turning digital, automated, and interconnected.  To…