Retail Inventory Management: The Ultimate Guide
With inventory performance data on hand, you can set a budget that makes sense. You can more accurately predict demand, so you have a better picture of the ROI of your inventory. Like with Art for the People, setting up and maintaining your inventory through technology means having a better picture of your inventory sell-through rate. Your sell-through rate helps you predict demand; measuring it means you can build an effective ordering plan. “We can also see if there’s a certain color, fabric or style that sells better and adjust things accordingly,” says Hallie Rae Ward, Art Business Director...
Continue reading