Retail inventory management is the key to profitability in business. You may have a great product, a clever pricing policy or an innovative marketing strategy. But if your inventory management is poor, everything is up for a toss. Inventory management is like a canvas and stock turn rotation is just[…]
You have a jewellery showroom with a large Jewellery collection. Hallmarked gold jewellery, Certified Diamond jewellery, Solitaires, all vie for space in your counter display. The collections look very attractive but you know the huge investment you have made. But tell me, how much of this is deadstock? How much[…]
The Indian Retail industry has never been static. The innovation in science and technologies backed up with new marketing strategies has helped retailers to develop from a small brick and mortar store to now supply their merchandise and influence the e-commerce industry. Not only the demand but also the competition[…]
Inventory management is all about buying, storing and managing merchandise. It is crucial for proper functioning of your retail stores, as it can affect your sales, expenses and profits. An inventory management system can help you “earn more” & “save more” money. 6 tested Retail Inventory Management techniques for Retail stores Accurate[…]
The role of the Inventory Manager who is responsible for the Retail Inventory Management, has for long been one of the most important jobs in a retail store. So, do you have a Retail Inventory Manager? Whose job is it anyway: – The owner typically does the purchasing, because, he[…]
“One of the great responsibilities that I have is to manage my (inventory) assets wisely, so that they create value.” Alice Walton – Walmart -which redefined Retail Inventory Management In our experience of working with multiple retailers across India and Dubai, a common question asked is “What are the benefits[…]