Transferring stocks to nearby stores for liquidation meant extra costs on manpower, transportation, and transit-storage, making it a commercially non-viable option."Unsold stocks was a serious issue ...

The RELEX platform will help tailor forecasting and inventory management to individual stores. Couche-Tard chose RELEX due to a need for a more integrated inventory management system capable of ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Learning how to manage inventory efficiently is critical to ...

Over the past decade, and especially since the pandemic, the online grocery market has experienced remarkable growth. With consumers increasingly opting for home delivery or store pickup options, ...

An inventory management system, also known as an inventory control system, is usually a software application that tracks every aspect of the items your company keeps in stock to sell. It can assist ...

Starbucks is deploying an artificial intelligence tool intended to speed up workers’ ability to take inventory, according to a Wednesday statement penned by Deb Hall Lefevre, Starbucks’ chief ...

Best-in-class retailers are merging their brick-and-mortar and e-Commerce systems to create a seamless customer experience across all channels. By integrating data, retailers also can provide ...

Knowing what you have helps when you're trying to figure out what you need. We're talking inventory in this case. Tracking inventory is one of those tasks that business owners typically want to avoid ...

Inventory management is the process of tracking where your products are at all times and when to order more. These techniques can improve your inventory management process, independent of software.

One of the best ways to improve your company’s finances is to practice better inventory management. Inventory management is a crucial part of your operational approach. How you choose to implement and ...

Startups often operate with razor thin margins, which makes it imperative for them to avoid wasting money. This is the primary reason that new businesses typically have a barebones staff and keep a ...

Central American department store Siman Group has deployed an automated solution from radio frequency identification (RFID) technology company SML Group. The company’s goal was to improve in-store ...