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The 7 elements of profitable retail operations [2024]

The 7 elements of profitable retail operations [2024]

In the early days of e-commerce, effective retail operations were all about increasing top line revenue. All you had to do was be more convenient than in-store shopping and the sales were virtually guaranteed. 

But that was then. As the e-commerce market matures, you need new ways to boost your top and bottom line growth. If the goal is to widen your margins and continue driving sales, you can’t afford to overlook your operations.

In this article, we’ll explore the latest best practices in retail operations and the role of inventory planning in driving...

Less Overstocks, More Sales: 3 Proven Tips to Balance Your Inventory

Less Overstocks, More Sales: 3 Proven Tips to Balance Your Inventory

Every day, in every media outlet, you’ll see articles discussing retail companies with overstock inventory. Even large brands are still working to balance their inventory levels post pandemic, with 66% of owners and executives reporting overstocks.

To solve this problem, brands often fall back on what they do best: drive more sales

Markdowns, promotions, and clearance sales are the default methods for offloading excess inventory. But these approaches can have a major impact on your margins.

The truth is, profitable scaling starts long before the point...

How to Increase E-commerce Sales: 10 Tactics for 2024

How to Increase E-commerce Sales: 10 Tactics for 2024

According to some estimates, there are over 12 million e-commerce companies worldwide. In other words, the landscape is crowded

A Deep Dive into Dead Stock and How to Prevent it

A Deep Dive into Dead Stock and How to Prevent it

If you’re left with too many units and no way to move them, you could be experiencing one of the worst (yet most common) problems for modern commerce brands: dead stock.

An estimated 46% of stock losses come from human error, with US retailers having roughly $1.43 stuck in stock for every $1 sale they make.

But what exactly is dead stock? And why is it important to avoid it? In this article, we’ll share tips to help you clear your obsolete inventory and improve your demand forecasting systems to maintain the right inventory levels moving forward.

Table...

15 Inventory Metrics CEO’s Can’t Ignore in 2024

15 Inventory Metrics CEO’s Can’t Ignore in 2024

As of late 2023, many large retailers are still struggling to balance their inventory levels. Merchants and supply chain leaders are fighting to reduce inventory glut and protect margins as carrying costs increase.

But finding the right balance between your sales and inventory is a tall order. To keep overhead low and profit margins high, understanding your inventory is crucial.

Here are some of the top metrics leading brands use to track inventory, plus tips for how and when to apply them for better sales, profitability, and cash flow management. 👇

Lead Time in Inventory: How to Stop Guessing and Start Optimizing

Lead Time in Inventory: How to Stop Guessing and Start Optimizing

In a world of supply chain disruptions, raw materials shortages and labor issues, getting your products to your warehouses, and then to your customers, can take a long time.

Add in inefficiencies in your own operations, and you could be looking at weeks or even months to get your products from the office whiteboard to your customer’s front porch.

Which SKUs do you order? In what quantities? And when?

To guarantee sales several months out, you need confident answers to each of these questions. 

While you may not be able to control which products will go...

Is Excel Really Good for Forecasting Sales and Inventory?

Is Excel Really Good for Forecasting Sales and Inventory?

There’s a reason Excel is the go-to forecasting tool for countless brands and merchants. It’s flexible, affordable, and you already know how to use it.

Choosing a 3PL? 66 Questions to Help You Find The Perfect Partner

Choosing a 3PL? 66 Questions to Help You Find The Perfect Partner

In a recent Anvyl survey, 73% of businesses said they were planning to scale into a new channel over the next 6-12 months. 71% were also looking to add more suppliers to their portfolio.

The problem? Many of these brands are already struggling to manage their supply chains, with 67% still using Excel to plan their inventory and 66% reporting existing overstocks.

“Folks are still facing a lot of difficulties when it comes to managing the first mile of their supply chain,” says Carissa Davis, Senior Customer Success Manager at Anvyl.

5 Ecommerce Trends Every Inventory Planner Should Know

5 Ecommerce Trends Every Inventory Planner Should Know

The ecommerce world is changing faster than you can say “unified omnichannel experience." 

Customers demand better visibility, stronger brand values, and compliance with key sustainability practices. Yet inventory stockouts and supply chain setbacks are still a regular (and expensive) challenge for modern retailers.

To scale successfully, brands need lean, agile inventory planning systems that can adapt to any demand fluctuation, market phenomenon, or natural disaster.

In this article, we’ve rounded up some of the top ecommerce trends that could have...

October '23 | Flieber Feature Updates

October '23 | Flieber Feature Updates

October has been exciting for the Flieber Team as Flieber Sales has officially launched!

Continue reading to learn a little more and check out other Flieber product updates that released this month, including a feature that will be deprecated.

Here is a TLDR:

  • Official Launch of Flieber Sales
  • Design for the PO/TO Tracking Page
  • Report: Sales vs Forecast 
  • Edit Draft Expiration Date in bulk
  • Chatbot Update
  • [Deprecated] Push to Amazon