Krunchy Bits!

At krunchbox, we regularly send our thoughts about retail to our ‘krunchbox kommunity’.

We hope you enjoy reading a selection of the articles below, which we refer to as our ‘Krunchy Bits’!!

 

What is "Business Intelligence Software"?

We are all becoming ever more aware of the so called “Data Deluge”. Most retailers and wholesalers are not suffering due to lack of data, but rather from an excess of data. 
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What Are Business Intelligence Tools?

The short answer is that Business Intelligence Tools are used to extract, analyse and report on data in order to support fact based decision making. 
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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. 
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Are you just a vendor or a supplier partner?

Relationships between buyers and sellers have existed since humans began trading goods and services. 
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How Walmart collaborates with its vendors

Sam Walton opened his first Walmart store on July 2, 1962 and within 5 years he owned 24 stores.  The rest is history.
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The Open to Buy

The Open to Buy is a highly effective blunt instrument used by most general merchandise retailers to plan their purchasing and control inventory. 
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Is your stock investment really working?

GMROII is one of those terms that is bandied about a lot, but yet is surprisingly poorly understood. 
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Margin vs Stock Optimisation

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. 
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The Devil's in the Detail

The department store model in Asia is almost always stores within stores.
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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 outright.
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Krunchbox in the news ...

Ragtrader article