Inventory Management: Focus on the Fundamentals
Follow through and act on what you know; then take it from there
Include at least one for order fulfillment and one for inventory efficiency. Then review them regularly. The discipline of consistent measurement over time is as important as the metric itself.
With fewer customers and less money to spend, merchandisers are looking for new ways to capture their share of these dollars. But the real secret to keeping your business on track is no secret at all; it’s a matter of getting back to the fundamentals, especially in the area of inventory management. So consider these five fundamental pointers:
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