Resources

By the end of this article, you’ll understand how today's savvy retailers leverage predictive analytics to craft nimble merchandise strategies, optimize inventory, and exceed shopper expectations.

This comprehensive guide will take you through everything you need to know to strategically price your products for optimal profitability and growth.

In this comprehensive blog post, we will overview the 10 most critical ecommerce KPIs that online retailers should monitor in 2023 to run a high-performing business. For each metric, we define what it measures, explain how to calculate it, provide up-to-date industry benchmarks, and discuss why it is vital to track.

Inventory turnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.

Armed with the right approach, dynamic pricing ensures you're always tuned in to the optimal price point, leading to boosted sales, healthier margins, and inventory that flies off the shelves.