For online retailers, One Web ensures that product inventory is always updated in real-time, and that search engine listings lead to the correct product results.
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Increased availability of information about local product inventory, coupled with smartphone access and location data, is helping retailers forge new customer relationships and bring unprecedented relevance to consumer messaging.
You know how it works: people see unusual product names in inventory systems, and imaginations start running wild.
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Specifically, they say that the higher sales were due to better product selection and improved inventory management.
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Our inventory control software product started out as a tool for a medical device company.
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This is the demand for the gross domestic product of a country when inventory levels are static.
Best Buy ( BBY - news - people ) to offer real-time inventory information about product availability at local stores.
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For retail workers, the device can access product information, look at inventory or be used to call another employee inside or outside the store for assistance.
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While Rent the Runway does exhaustive quality control to ensure the absolute perfection of their rental inventory, their product is as much an about self-empowerment as it is about a physical product.
If product has been shipped to a distributor, but payment need not be made until it is sold, then that product should still be considered inventory, not booked as revenue and moved to AR.
Consumers use smartphones while in the store to check pricing, inventory availability, and product reviews.
Should investment be made in support of a new product direction, or in a digital inventory management system connected to the supply chain?
For example, a company may provide services that enable customers to check inventory levels, do online product configurations, or engage in a collaborative setting.
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She changed her estimates due to slower demand and inventory adjustments ahead of September product launches and believes the June quarter could be the trough with new iPhones and iPads helping regain momemtum.
For a publisher that still makes 90% of its revenues from print subscriptions and print advertising, using digital inventory to push the print product may seem like the most logical ordering of priorities.
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He cut his estimates in the June quarter on a belief customers will wait to refresh their phones ahead of the pending iPhone 5S, and Apple will also bring down channel inventory to reflect the upcoming product update.
Almost by definition, ERP focuses almost entirely on the manufacturing, inventory and service of the physical product.
Inventory availability is one aspect of product data consistency.
Every startup needs access to capital, whether for funding product development, for initial rollout efforts, acquiring inventory, or paying that first employee.
It has built technology that can connect with merchants and manage inventory so that it knows exactly what product is available before it goes on sale.
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The results range from a few pages that our initial Inventory Consultant gathers to see if our product was the right fit for the customer, to pages (sometimes even dozens of pages) of highly detailed and even personal information such as individual names and roles within the company, for every account.
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Dell ( DELL - news - people ) is said to be a computer company, but its true genius has to do with the individuals who oversee its efficient inventory management, which allows it to sell a product (the computer) on the relative cheap.
Liquidity Services also offers a similar product for corporate clients, allowing them to turn old assets and inventory into revenue.
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The company makes the decision to go fulfillment partner or inventory-based model based on the economics of each product at the time.
Megastores are above all a product of the computer age: only with automated supply chains and inventory management can such retailers achieve such efficiencies and agility.
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Now every night the integrator scours databases for product information from Japan, updates from a Nebraska manufacturer, warehouse inventory at its four distribution centers, wholesale transactions with the dealers, and local inventory and retail sales.
Borrowing in China and has become more difficult, too, though, so manufacturers may shy away from longer supply chains and the risks they carry, including getting inventory stuck in transit, particularly in industries with short product cycles or high spoilage.
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Common causes of slipping margins include increased product costs, increased shipping expense, finance costs, sales and discounting or inventory shrinkage due to theft or waste (food business).
Inventory turns matter because they show whether a company is able to move product faster (good for business if prices remain at profitable levels) or if products are moving slower (bad for business if this is an ongoing trend).
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For high value manufacturing, product variety is the single biggest driver of cost as it dictates the material requirements and inventory, which is typically over 80 percent of the total cost.
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