Inventory Management: 4 Keys to Improving Holiday Inventory Management
Your most important sales
period creates a perfect storm
of inventory challenges
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2. Management by exception. Whether your inventory problems are overstocks or out-of-stocks, the 80/20 rule applies with inventory in the vast majority of real-life situations. Twenty percent of the items in your business typically account for eighty percent of your problems. Focusing precious time on these exception items is particularly important in the busy fourth quarter, due to the financial impact of each decision.
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