For learn

1. Inventory
Management

3. Retailer Tasks:
• As part of inventory management, the retailer has several tasks
to perform. They must place orders for products based on sales
forecasts or actual customer behavior, determine the appropriate
order size and frequency based on inventory costs and quantity
discounts, and receive and prepare merchandise for sale.
Retailers must also manage their inventory levels, monitor sales
trends, and adjust their ordering and pricing strategies
accordingly. They are responsible for ensuring merchandise
security and for managing reverse logistics, including returns
and defective items.
Inventory Levels:
• Inventory levels refer to the amount of merchandise
that a retailer has on hand at any given time. Managing
inventory levels is a critical aspect of inventory
management. Retailers must balance the costs of
holding excess inventory against the risk of stockouts,
which can lead to lost sales and unhappy customers.
By tracking sales trends and adjusting their ordering
and pricing strategies, retailers can optimize their
inventory levels and reduce costs.

4. Merchandise Security:
Merchandise security is an important concern for retailers. They must protect
their inventory from theft and damage while it is in their possession. Retailers
can employ a variety of security measures, including security tags, surveillance
cameras, and staff training, to protect their merchandise.

5. Retailer tasks :
• City Mart has implemented a
comprehensive inventory
management system that
allows it to closely monitor and
track its inventory levels,
reduce waste, and improve its
forecasting and replenishment
processes.

6. Retailer tasks :
• City Mart has also begun to expect more
from its suppliers, asking them to perform
additional tasks and provide floor-ready
merchandise that can be quickly and easily
placed on store shelves.

7. Inventory Levels
• With their POS support, they manage the
inventory according to the offtake
• closely monitor the sales trend of new
products/categories for 3-6 months
• Shelf space allocations are linked with
revenues, which means that allocations
must be regularly reviewed and adjusted.

8. Merchandise Security
• Product tags, guards, video cameras, and point-of-sale
computers, are being used
• Product tags are attached to products especially clothes
and fashion products
• Well trained staffs and guards are crucial to prevent
products to be stolen
• offer incentives for reducing merchandise losses