Even the most successful businesses in the retail industry can become more profitable, and everyone can do better work. These are premises that we can all agree on.
One key element that almost all retailers (even the most successful ones) can do better is inventory management. I’m not talking about your regular daily transfers and counts that almost all of us do skillfully, but mainly on the more advanced options that we rarely use such as setting minimum and maximum quantities to get notified, comparing between products, checking product performance and examining past reports to see if there’s any valuable information hiding from us.
