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What are Business Intelligence Tools?

We have addressed the question “What is Business Intelligence Software?” in a related article, so here we will address the question “What are Business ...

Sale or Return – Does It Work for Both Parties?

An up-and-coming merchandise manager asked me recently regarding the pros and cons of merchandise purchased on Sale or Return (SOR) versus purchased ...

The Devil’s in the Details

The department store model in Asia is almost always stores within stores.  The department store owners are in effect landlords who provide the space, ...

Margin vs Stock Optimization

Theoretically margin has to end at about 99.9%. At this point suppliers would be charging you $10 for an item that sells at $10,000. Your gross profit ...

Inventory Management – “The Sophisticated Way”

Inventory management is an art, not a science, and is a serious challenge for even the best retailers in the world. The permutations of items and ...

Are You Just a Vendor or a Supplier Partner?

Relationships between buyers and sellers have existed since humans began trading goods and services. These relationships developed in a natural way ...
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