How to Reduce Retail Shrink with Better Inventory Management
Shrink is inevitable. The frustrating part is that it isn't always obvious where it comes from.
Shrink is inevitable. The frustrating part is that it isn't always obvious where it comes from.
A pet store's merchandising strategy does more than make shelves look clean and organized. It influences what customers notice, how easily they find what they need, and which products they ultimately ...
Not much is more frustrating than running out of a product customers expect you to have.
Running a pet store already comes with enough to manage. Between inventory, employees, customers, and everything else that happens day to day, marketing can easily fall to the bottom of the list.
Two hundred fifty years ago, there were no barcode scanners, loyalty apps, or online orders waiting to be picked up curbside. There weren't even cash registers.
Ask a group of pet retailers about inventory management, and you'll hear a lot of the same frustrations. Products that don't move. Products that move too quickly. Suppliers that don't deliver on ...
In our recent survey of independent pet retailers, we found that 75% have complaints about their current POS but aren't actively looking to replace it.
Stockouts are rarely what they look like on the surface. The inventory existed. The demand was there. The product just wasn't in the right place at the right time — and no one caught it early enough.
As pet retailers grow across locations and channels, keeping systems aligned becomes increasingly important. Inventory, eCommerce, POS, loyalty, and fulfillment all need to work from the same ...