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How forecasting can enhance cash flow in the retail sector

Retail Focus

The role of cash flow forecasting in retail Cash flow forecasting, which retailers should prioritise, is when businesses use data to determine how much profits and expenses there may be in a given period where money can be invested and where it may need to be cut. Was there a promotional offer? What season were we in?

Flow 147
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Mastering cash flow this festive season

Inside Retail

While everyone else is wrapping presents and enjoying a festive drink or two, business owners are managing stock, juggling bookings, and budgeting for extra holiday wage costs. Walking the tightrope between higher demand, increased costs, and ongoing economic challenges means managing cash flow effectively has never been more important.

Flow 130
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Why forecasting is critical to success in omnichannel retail

Retail Focus

In our view, Forecasting software is a far more effective approach to supply chain management. Accurate prediction of future demand based on seasonal trends and planned promotional activity drives more informed and timely buying decisions. fulfilmentcrowd share some last-minute tips ahead of the start of the January sales: 1.

Promotion 147
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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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Inbox to doorstep: Three strategies to elevate your post-purchase experience

Inside Retail

James Guerin, strategic partnerships manager at Klaviyo, says that post-purchase, personalised emails have an open rate considerably higher than for regular email communications, underlying the importance of maintaining communication throughout the customer journey. Ready to explore the Klaviyo and Starshipit integration?

Strategy 290
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SMS marketing tips from Australia’s fastest-growing brands

Inside Retail

More than 74 per cent of Australian shoppers are already signed up to receive SMS marketing messages from brands, while more than half (51 per cent) say they would sign up for texts so they can know immediately about promotions, offers, and updates. Loyalty flows, specifically ‘points reminders,’ have also been very successful for us.”.

Marketing 278
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Top 6 Tools For Retail Promotion

Retail Focus

Promotion of any product or service in the modern world is not an easy topic. Retail is a particularly difficult mechanism to promote, because it is a large–scale business. However, it is quite realistic to promote it. We have collected several tools in order to promote the retail business easily and clearly.

Promotion 130