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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296
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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

North American Transborder Freight up 23.8% Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. billion of freight, up 15.7% billion of freight, up 20.9%

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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How Returns Management Works: Process, Tips, & Best Practices

Unleashed

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. One paper from the University of Texas at Arlington suggests that lenience may yield better results than strictness.

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Peak Shipping Season: A Review of Trends from the 2018 Holiday Peak Season

GlobalTranz

According to Steve Banker via Forbes , Amazon’s purchase of Whole Foods positioned the company to corner the omnichannel area , and Amazon went a step further. Meanwhile, inventory levels rose 3.6 million returns, reports the Washington Post. Freight data use. Freight claims management practices.

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Mastering Profitable Omni-Channel Logistics, Despite Disruptions

Logistics Viewpoints

As physical stores opened, shut down and re-opened again, consumers became more flexible in the way they shop for, and purchase, just about every product. Terence holds an MBA from the University of Texas, Austin and an Electrical Engineering degree from MIT. The New Imperative: Visibility, Followed by a Synchronized Response.

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The Impact of Collaborative TMS on Supply Chains Bottom Line

Turvo

It is a new shipper-carrier collaboration approach to enhance supply chain visibility, reducing transit times, and inventory-carrying costs for retailers and suppliers while improving carrier asset utilization levels. . As a result, there is often excessive inventory and under-utilized carrier capacity.