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Understocking or Overstocking? Here’s How You Can Prevent Both
There is a fine line between understocking and overstocking your store. On the one hand, ...
6 Stock Replenishment Tips For New Retailers
Imagine this: a customer visits your store for a specific product. When they get there, ...
5 Demand Determinants That Influence Your Forecasting Efforts
In an economic system, there are a few recognised variables that influence demand and ...
Why Just In Time Inventory Management Makes Business Sense
As a retail business, you know about the critical importance of efficient inventory ...
4 Inventory Management Strategies To Implement Today
We've written about this before: inventory management is a critical concept that you need ...
How To Combat Excess Inventory In Your Business Successfully
Here's a fact - having excess inventory in your business is never a good thing. It means ...
How to Use Sales and Units Data to Calculate Inventory Turn
It is a given that as a retailer, you would want to look for new ways to increase your ...
Why Effective Stock Management Relies On Data-driven Planograms
Effective stock management is a critical process for your business as it allows you to ...
Struggling with Dead Stock Or Expired Products? Here’s How To Fix It
The retail industry is a dynamic and constantly changing entity. Due to continuous ...
Demand Planning vs Demand Forecasting: Category Management Helps Both
There is a trick to meeting consumer demand while simultaneously allocating resources, ...