We’re less than one week away from Moda in Birmingham (10-12 August), where the U.K.’s fashion trade finds inspiration, ideas and product lines for the Spring/Summer 2015 season.
New to this year’s Moda programme is E-Zone Live, a learning hub offering free seminars and workshops to help your business stay on top of “the changing pace and face of retail.”
As we’re all aware, the Christmas season is right around the corner, the busiest time of the year for most retailers. This is chance to learn first-hand how to streamline your operations and offer your customers a better buying experience couldn’t come at a better time.
The Good News: E-Commerce Sales Expected to Skyrocket
According to a 2014 report by the Centre for Retail Research, it’s expected that U.K. consumers will spend an unprecedented £45 billion shopping online, which accounts for a third of all of Europe's online spending.
So great news, right? Not if this spike in sales takes you off guard. And what about your brick-and-mortar business? How does that fit in and how to do you manage all your sales channels, keeping inventory levels coming and going to the beat of the little drummer boy?How to Smartly Manage Your Inventory Channels
Today the world of online and in-store sales are woven more tightly than ever. In a recent study, “Omnichannel Shopping Preferences Study,” A.T. Kearny reported, “…stores play a crucial role in online purchases, as two thirds of customers purchasing online use a physical store before or after the transaction.”
This puts efficient inventory control and multi-channel business management into a crucial role as well. Knowing in real-time when you need to order from your suppliers to fulfill the orders coming in from your customers keeps sales humming during the holiday season and all year ‘round.
As part of Moda’s E-Zone Live program, Stuart Pick, the U.K. sales manager at Brightpearl, will take attendees through his “Top Tips for Keeping Inventory Under Control”. He’ll speak of his own retail experiences as a new father shopping for baby items, to his day-to-day interactions with retailers and Brightpearl customers utilising our retail management system.
- The practice of placing proper purchase orders with your suppliers
- Why immediately entering received goods/purchase orders is critical
- How to use ‘allocation’ to ear-mark your stock
- Ensuring your retail business sees stock management as a priority
- Implementing a daily check list
- How to check if your processes are supportive and not disruptive
- Getting your timing right with new sales channels
We welcome you to stop by our Stand #Y30 where Brightpearl representatives will be on hand to answer any of your questions.