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How BI analytics works and why businesses cannot do without it

How BI analytics works and why businesses cannot do without it

Modern business is gradually but inevitably being absorbed by the digital age. It is becoming risky to remain committed to archaic management tools, not only because of the loss of opportunities, but also because competitors are already taking full advantage of the benefits offered by global digitalisation. This idea also applies to the process of […]

Finance

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Management of product assortment and formation of the assortment matrix

Management of product assortment and formation of the assortment matrix

Customer needs and desires, as well as economic conditions, are constantly changing. To be successful in managing product assortment, modern tools and approaches must be used. How can we improve product assortment management? What should we pay attention to? What factors influence assortment management at the retail point? How do we choose products for sale? […]

Assortment

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TOP 3 steps for effective change inventory management

TOP 3 steps for effective change inventory management

In today’s BANI world, where everything is changing and competition is at peak levels, it is important to “stay ahead of the game”. However, this is not always an easy task. One of the key tools for achieving competitiveness and economic sustainability is the implementation of technology and software. The real challenge is how fully […]

Inventory in production

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Inventory Optimization in the Artistic Sphere through SaaS Solution

Inventory Optimization in the Artistic Sphere through SaaS Solution

Making art supplies might seem simple, but creating each drawing, palette, or brush involves a careful process that demands attention to detail and top-notch quality from the manufacturers. In the world of competitive creativity, this production is a key chain in delivering art to everyone around you, and the choice of high-quality materials is crucial […]

Inventory in production

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How to define the Economic Order Quantity. Success story retail

How to define the Economic Order Quantity. Success story retail

If your company deals with the small business, then it will be quite simple for you to define the economic order quantity manually. However, in the wake of business growing, you should consider the issue of investing into the inventory management system in order to control your reserves more efficiently. There are many reasons why […]

Inventory in retail

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ABM Cloud and DUS Level: successful partnership in warehouse logistics automation

25 Nov 2024

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ABM Cloud and DUS Level: successful partnership in warehouse logistics automation

ABM Cloud has successfully completed the first phase of ABM WMS implementation for DUS Level – a significant step towards comprehensive optimization of warehouse processes.  DUS Level, as a national leader in the plumbing, water and heating industry, has a portfolio of over 100 brands stored in a 5000 m² warehouse with a range of […]

Warehouse
Avalon has implemented ABM WMS warehouse management system

14 Nov 2024

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Avalon has implemented ABM WMS warehouse management system

Avalon, an automotive parts and oil retailer, has completed the implementation of ABM WMS from ABM Cloud. For Avalon, the implementation of ABM WMS was an important step towards developing and improving the efficiency of warehouse operations. Some of the goals of the automation were to create a single tool for resource management, improve the […]

Warehouse
Management of product assortment and formation of the assortment matrix

30 Oct 2024

Read 4 minutes

Management of product assortment and formation of the assortment matrix

Customer needs and desires, as well as economic conditions, are constantly changing. To be successful in managing product assortment, modern tools and approaches must be used. How can we improve product assortment management? What should we pay attention to? What factors influence assortment management at the retail point? How do we choose products for sale? […]

Assortment
Improving Sales and User Experience: How to Use the Category Tree in Retail?

30 Oct 2024

Read 7 minutes

Improving Sales and User Experience: How to Use the Category Tree in Retail?

A category tree is a category management method that organizes the assortment of products in retail points of sale. It is used to group products into logical categories, simplifying selection for shoppers and contributing to increased sales volumes. In this article, we will explore how the category tree works, its advantages, and how it enhances […]

Assortment
A New Level of Assortment Management: From BI to Automation in Category Management

30 Oct 2024

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A New Level of Assortment Management: From BI to Automation in Category Management

The popularity of using software for assortment management automation is on the rise. According to the Global Retail Analytics Market Research Report, the current market value of over $3 billion is projected to grow to $6 billion by 2032. Specialized software allows category managers to efficiently evaluate various assortments, pricing strategies, and promotions to determine […]

Assortment
Assortment Management and Revenue Growth through Confectionery Store Automation

30 Oct 2024

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Assortment Management and Revenue Growth through Confectionery Store Automation

Learn how to choose and manage your confectionery store’s assortment, how much revenue can increase through automation, and how to set up easy and efficient tracking of goods and finances. The selection of the assortment directly depends on location and the purchasing power of potential customers. A distinctive feature of a confectionery store’s assortment is […]

Assortment
Breaking Stereotypes: How Automation in Category Management is Revolutionizing Retail Networks

30 Oct 2024

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Breaking Stereotypes: How Automation in Category Management is Revolutionizing Retail Networks

The topic of category management remains relevant. Each retailer addresses this issue in their own way: some use Excel, while others opt for software of varying complexity. However, not all retailers and manufacturers adopt a systematic approach. There are many reasons for this, including unrealistic expectations from integration. Therefore, it’s worth delving deeper into the […]

Assortment
Time for Change: When Retailers Need to Automate Assortment Management

30 Oct 2024

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Time for Change: When Retailers Need to Automate Assortment Management

Retail can be compared to a living organism: it evolves and constantly requires changes for improvement. These processes are stimulated by external factors such as changing trends, fluctuations in consumer demand, and competitor actions. However, there are issues that can hinder the successful evolution of a company, primarily concerning product management. Let’s analyze the situations […]

Assortment
Assortment Management: Perfect Implementation

30 Oct 2024

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Assortment Management: Perfect Implementation

Effective assortment planning helps optimize the number of products, meet the demand of the existing audience, attract new customers, reduce storage costs, and increase profits. Here’s how to organize processes to achieve these advantages. Define the Role of the Category At a basic level of assortment planning, category roles are defined for various objectives: expanding […]

Assortment
Category Management: Strategic Category Management in Retail

30 Oct 2024

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Category Management: Strategic Category Management in Retail

Category management can help your retail team find products, establish connections between buyers and suppliers, and execute the procurement process more effectively. While you can manage categories on your own, it is most effective when combined with a comprehensive product lifecycle management plan. It’s important to remember that the category management process is not the […]

Assortment
Promotions for Retailers: Headache or New Opportunities?

30 Oct 2024

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Promotions for Retailers: Headache or New Opportunities?

Sales forecasting for promotions presents a major challenge for retailers. According to Nielsen statistics, 60% of promotional campaigns fail to be profitable, while the share of sales driven by promotions ranges from 20% to 70%, depending on the country and industry. For instance, the percentage is higher in the U.S. than in post-Soviet countries, and […]

Inventory in retail
Optimizing Inventory Levels in Pharmacies: What Are the Key Features?

29 Oct 2024

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Optimizing Inventory Levels in Pharmacies: What Are the Key Features?

Pharmacy chains are recognized as leaders in retail when it comes to the complexity of inventory management. The pharmaceutical retail industry is characterized by significant government regulation, limited shelf space, and, importantly, a wide and complex product range. Pharmacy retail encompasses tens of thousands of product items. Medications are available in various forms and dosages. […]

Inventory in retail
How to Manage Inventory in a Small Store

29 Oct 2024

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How to Manage Inventory in a Small Store

You’re opening your own store, have resolved all initial challenges, negotiated with suppliers, and are now anticipating your first shipment of goods. At this point, a crucial question arises: how do you manage inventory in a small store? It is essential to establish a well-organized inventory management system from the very beginning of your retail […]

Inventory in retail
How to Calculate and Account for Retro Bonuses to Stimulate Sales

29 Oct 2024

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How to Calculate and Account for Retro Bonuses to Stimulate Sales

A retro bonus (commonly referred to in global practice as a “rebate”) is a reward given for achieving a specific volume of product sales or for reaching a predetermined sales amount.

Inventory in retail
Inventory Management in Retail: How to Calculate Key Performance Indicators

29 Oct 2024

Read 7 minutes

Inventory Management in Retail: How to Calculate Key Performance Indicators

Calculating and analyzing KPIs in inventory management provides insight into where money is concentrated in the supply chain. Often, funds remain tied up in excess inventory at warehouses and retail locations, or retailers lose customer loyalty and miss out on profits due to lost sales. Inventory management in retail comes down to balance: achieving product […]

Inventory in retail

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