In one of my previous blogs, I explained that the biggest dilemma of retail inventory management is ‘to ship or not to ship’. Too much inventory leads to markdowns and unnecessary employment of capital and too little leads to lost sales and erosion of market share. Since then, I received […]
The goal of any inventory management process is to increase the output of a system while keeping investment and operating expenses under control. In a factory, this translates into increasing production while reducing work in progress. For retailers, it means increasing sales while controlling merchandise on hand. Here is the […]
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