Inventory Management: 4 Keys to Improving Holiday Inventory Management
Your most important sales
period creates a perfect storm
of inventory challenges
The most successful multichannel retailers establish detailed weekly calendars to align marketing plans with purchasing deadlines, so buyers have the best possible demand plans available as they place their purchase orders.
4. Understand the financial impact of inventory. Buyers are responsible for procuring the right inventory in the right location at the right time. What determines "right"? Is the key metric inventory turnover, order fulfillment, sales, cash flow, profit or some combination? All of those metrics are important, but for the short- and long-term health of the business, the key metrics are profit and cash flow.
- Companies:
- Direct Tech Inc.
Related Content
Comments
