Insights

Content Good inventory management in supply chain companies achieves two objectives:  To ensure a ‘proper visual display,’ for an attractive offer that makes consumers want to buy (the right stock).  To have enough to cater for sales, that can be expected until the next delivery (enough of it).  Dr Goldratt, founder of the Theory of Constraints and Throughput Accounting, and the author of the title

The Open to Buy or OTB is a common concept in the fashion industry, that is used by buyers and retail managers to control trends in a proactive way. Their main goal is to optimise inventory levels while maximising profits. Open to buy is often used as a control measure that aligns orders to ensure

Content Examples of vertically integrated businesses that are thriving There are numerous examples of vertically integrated businesses and they include some of the highest-valued companies on the equities markets and some of the most successful fashion and sportswear brands. One famous example is Amazon. Although this business started with a simple ‘asset-light’ model, it gradually

Content The advantages of vertical expansion While horizontal expansion has serious advantages in terms of the economies of scale and scope, it is a high-risk strategy. It is a perfect example of putting all your eggs in one basket. In contrast, vertically integrated companies can be successful even in dire situations where other companies fail.

Content The strain of covid on retailers While the 2020-21 COVID 19 pandemic hasn’t been much fun, it has given us all the chance to re-evaluate our working methods and find new ways to succeed in challenging times. Despite considerable challenges in the past year, the light at the end of the tunnel is fast