Blog

26 Mar Size profiling & pack optimization the benefits of getting it right

Getting the right size of an item into the right retail store or channel is something which has been a cornerstone of merchandise inventory management. Inevitably by fine tuning this process retailers can have a huge impact on a number of factors including:   1. Happier customer, Right size, right stock, right place right time ultimately leads to a customer who is. 2. Increased sales, getting point 1 right can only mean more sales. it’s pretty obvious but if a retailer has a glue of size extra smalls...

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20 Mar The art of managing inventory in a retail, Web, Wholesale & Franchise environment

Many retailers today are struggling with the challenge of managing inventory in a Multichannel environment. The art of selling is extremely simple however the art of inventory management with increasing selling channels comes with many nuances which mean that effective inventory management systems which support the process are become increasingly necessary. Advantages of multiple channels The advantages are clear, wider distribution, especially where retailers are close to saturation in their home markets. Moving into the wholesale and franchise market supports market penetration, increased sales as well as...

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11 Mar Retail Inventory Management

Why focus on retail inventory management? If you are a multichannel global retailer with stores around the world and operating in many different verticals it will be no surprise to you the key challenges which come with retail inventory management and the reasons why a system which has data integrity can help from central data management, product classification & attributes, real time inventory and ease of management across your multichannel portfolio. Central view of information Retail inventory management systems offer one place to view all information. Key departments...

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05 Mar Digital Transformation in retail

The focus on digital transformation in retail increases The focus on digital transformation continues to increase in retail according to the world retail congress retailers are making digital transformation their highest investment priority * and with more money to spend with Gartner predicting retail tech spend will grow by 3.6% in 2019 to $203.69 billion just where will that money be spent?** There are lots to consider much of it being dictated by the type of retailer you are, what is important to your customer and...

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28 Feb Merchandise Planning Software Benefits

  Today’s retailers are more adept than ever before of ensuring that any new software has to integrate seamlessly with existing systems, be future proof and above all deliver a rapid Return On Investment. Many retailers today planning process have evolved by using spreadsheets. The investment is not customer facing it is not immediately visible on the shop floor or the ecommerce website. Therefore, it is not always seen as the highest priority, but in reality investment in merchandise planning software brings so many benefits and can be...

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03 Dec NRF BIG Show 2019

The end of 2018 is weeks away and I’m sure many of you looking forward to the upcoming holidays here at Island Pacific we are already looking past the busy holiday period to the 2019 NRF BIG Show. It is that time of year of once again and the excitement is building amongst our elite team here at Island Pacific, this is because the 2019 NRF BIG show is nigh and begins this Sunday the 13th of January. This blog will give you a brief insight into what...

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21 Nov How does the future look for brick-and-mortar retail?

How does the future look for brick-and-mortar retail?  Despite some depressing commentary from the world’s media, it is important to take into account that 66 percent of store closures come from only 16 retailers, according to IHL1. No one can deny that the consistent rise in online shopping over the past years. Therefore, it is inevitable that brick-and-mortar retail would need to adapt to the modern customer to withstand a certain amount of loss of sales. The ability of brick-and-mortar stores to adapt and evolve is...

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15 May Frictionless Shopping

The constantly shifting landscape of the retail world means that retailers must be on their toes, the latest customer trend, frictionless shopping, is here to stay.  Today’s consumers no longer have the patience for a disruptive service, they now expect the experience to be frictionless. In 2017, the Baymard Institute looked at 37 cart abandonment studies and found that the average online shopping cart abandonment rate is 69%[1].   it is essential that today’s retailers make the shopping process, a smooth experience.  For retail businesses to...

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24 Apr Mastering Planning Solutions in Today’s Ultra-Fast-Paced Retail Environment

Watch our thought provoking webinar and take a look at three experts views with different perspectives on Retail Merchandise Planning.  If implementing a Merchandise Planning solution is on your list of to do's, then this is the perfect opportunity to hear in depth, practical advice from a retailer, an analyst and a solution provider as they discuss the opportunities and challenges in today's fast-paced retail environment. Moderated by Susan Nichols from Apparel, Listen to Jon Beck, CEO of Columbus Consulting, Kelly Smith Vice President, Planning...

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09 Oct Island Pacific FastPlan

The modern shopper is now influencing the evolution of retail more than ever, things are changing at unprecedented pace and it is now down to the retailer’s ability to adapt and keep up with the constantly shifting landscape of retail. Customers now come at you from all angles and channels, and one of the prevailing question still remains; are current planning systems keeping up with fast paced and ad hoc shopping habits of today’s consumer? With customers adapting and evolving is it now time for retailers to do the same and try...

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