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Inventory Management, Product Classification

5 Product Classification Mistakes to Avoid

There is real value in completing a product classification exercise. After all, once done, your stores are easier to shop, which means your customers spend more. Of course, you do need to be careful here. Mistakes can creep in. And, while errors can occur at any time during your retail journey, it’s arguably those made when classifying your products that can be the most damaging.

Darren Gilbert
By Darren Gilbert
on Oct 24, 2018 5:15:35 PM
   
5 Product Classification Mistakes to Avoid

There is real value in completing a product classification exercise. After all, once done, your stores are easier to shop,...

Darren Gilbert
By Darren Gilbert
on Oct 24, 2018 5:15:35 PM
Managing the Complexity of Product Lifecycle Through Software

 If you’re in retail, you have to understand product lifecycle. More importantly, you need to know how to manage the...

Darren Gilbert
By Darren Gilbert
on Oct 22, 2018 5:07:14 PM
How to Approach Product Classification

An accurate product classification goes a long way to helping you to please any shopper who walks into your store. You could...

Darren Gilbert
By Darren Gilbert
on Oct 19, 2018 4:25:02 PM
How Technology and Data Drive In-Store Sales

Considering the pace at which the retail industry evolves, you need to be forward-thinking. That’s especially true if you...

Kyle Dorfling
By Kyle Dorfling
on Oct 18, 2018 4:21:20 PM
4 Cost Saving Benefits of Data-Driven Product Layouts

The retail apocalypse may have its origins in North America but that doesn’t mean there hasn’t been a knock-on effect for...

Kyle Dorfling
By Kyle Dorfling
on Oct 17, 2018 4:53:53 PM
A Beginner's Guide to Safety Stock

Safety stock is a strategic tool which is critical for effective inventory management. Invest wisely, and you can provide...

Darren Gilbert
By Darren Gilbert
on Oct 10, 2018 4:32:28 PM
A Beginner’s Guide to SKUs

After generating SKUs, you can keep track of what stock enters or leaves your retail store. That much is certain. But it’s...

Darren Gilbert
By Darren Gilbert
on Oct 8, 2018 4:57:24 PM
5 Ways to Reduce Your Carrying Cost

Here’s a fact worth remembering: your carrying cost - the total cost accrued by you for holding stock over a period - can...

Darren Gilbert
By Darren Gilbert
on Oct 5, 2018 4:20:20 PM
How An Organised Back of House Will Lead to Retail Success

Your back of house might not be as exciting as your storefront or front of house. It might not get the recognition it...

Darren Gilbert
By Darren Gilbert
on Oct 2, 2018 5:00:04 PM
5 Store Clustering Mistakes That You Should Avoid

There is no doubt about the fact that performing a store clustering exercise is necessary. However, merely completing one is...

Darren Gilbert
By Darren Gilbert
on Sep 26, 2018 5:27:05 PM