Archive by category Inventory Management

Inventory Management

What is Basket Analysis ?

Basket Analysis is a modelling technique based upon the theory that if you buy a certain group of items, you are more (or less) likely to buy another group of …

What Is Data Mining?

Data Mining is the art of exploring new, useful, and profitable relationships in data. In every retail business, we study what happens in order to improve. We …

Store Operations

Tracking Store Traffic can help Boost your Retail Sales by 20% or more Basic Retailing Business Issues If your retail firm is to be successful over the long …

Is your Inventory Planned?

The art of Merchandise Mix and Inventory Hierarchy The objective of merchandise hierarchy is achieving the following   The Right Product The Right Place The …

Old MRP Stock and New / Changed MRP Stock

The Sale Price (MRP) changes frequently and you have old MRP stock and changed  MRP stock. You need to create a new SKU each time or change the SKU master to …

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