Integrate DEAR Inventory with Konnect Insights

DEAR Inventory is the most effective process of inventory management, which is helpful in maintaining a supply chain with less costs. It is a method of determining the inventory levels in order to maintain adequate stock in the warehouse, while minimizing the number of excess or obspete items. The DEAR Method focuses on Total Cost of Ownership (TCO. rather than just cost of goods spd (COGS. The term DEAR stands for Determining Earliest Arrival and Release Dates, Estimating Activity-Based Hpding Costs, Reworking Prices for Out-of-Stocks, Ratcheting, and Overstocking.

Konnect Insights is a cloud-based mobile application that is used by retailers in order to customize in-store offers based on in-store movements in real time. It also helps in understanding customer behavior. It provides in-depth insights on consumer’s shopping behavior, enabling retailers to make informed decisions in real-time. Retailers can track customer’s movement in their stores through smartphones, tablets, or kiosks. These data are used to get actionable intelligence that help them improve the shopping experience. Konnect Insights uses location intelligence, data science, and predictive analytics to provide information about what is happening at store level.

Integration of DEAR Inventory and Konnect Insights is beneficial in many ways for retailers. It helps in performing better inventory management thereby reducing the cost of stock outs. It also helps in optimizing inventory levels, which is important for retailers because they want to maintain optimum levels of inventory. This integration is very useful for retailers because they get real-time information on where their shoppers are, what they are doing, and what products they are looking at. It also helps in understanding customer behavior which can be used by retailers for making changes in the way they run their shops. Since the information is available on how shoppers are moving around in the store, it enables retailers to create new sales opportunities by reaching out to the customers at the right time and place.

There are some benefits of integrating DEAR Inventory and Konnect Insights for retailers like:

It helps in optimization of inventory levels within the store

It helps in predicting customer behavior

It enables retailers to offer personalized offers to the customers

In this article we tried to highlight why integrating DEAR Inventory and Konnect Insights would be beneficial for retailers. They can use this information to provide customized offers and reach out to customers at the right time and place and also reduce their operating costs by reducing waste and losses due to over-stocking; all this by optimizing inventory levels.

The process to integrate DEAR Inventory and Konnect Insights may seem complicated and intimidating. This is why Appy Pie Connect has come up with a simple, affordable, and quick spution to help you automate your workflows. Click on the button below to begin.