Category Archives: Inventory Management
Trends evolve and become part of our customer’s expectation. Ignoring or fighting them is like swimming upstream against a current stronger than you. Soon exhaustions will set in from the energy you expended and you will succumb and drown. Businesses drown, in spite of good intentions, from misguided beliefs. Energy spent on embracing trends vs […]
Look at Instagram, email marketing, videos, Facebook, and new and emerging social media. All have given new startups and incumbent retailers a phenomenal new path to be a part of their customers lives, every day. There are thousands of what we call “garage front” retailers. Fast Fashion and the Internet have created an easy access […]
Every single retailer I have ever chatted with has overbought inventory at one point or another. This is a fact of life. What do you do when you have too much inventory? There are three main strategies to reduce your excess inventory as a retailer. There’s a fast strategy—most commonly associated with an inventory blowout—or […]
Today’s post is a summary of our latest Canadian Retail Solutions white paper “Why Retail Businesses Fail”. Download the full report. Over our 25 years of experience in retail we’ve seen the same common mistakes derail countless businesses. As consultants, we want to give you the tools you need to make sure the amazing potential […]
Marc Weiss is CEO and President of Management One ™. A co–founder of the company, Marc was primarily responsible for developing the merchandise planning side of the business. Today, he continues to further develop his vision of the science of inventory planning. Marc has a deep background in most every phase of retail, […]
“Where did my cash go?” Raise your hand if you’ve ever been left wondering where your cash went after reading your year-end Profit & Loss (P&L) statement. If this situation sounds familiar, don’t worry—you’re not alone. P&L statements show profit, but do not tell the whole story about your cash, which is an important indicator […]
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