When it comes to sustainable retail growth, a significant factor that’s often overlooked and under-optimized is inventory management. Your inventory is your greatest asset, but it can easily become one of your biggest liabilities when not tracked — or, more importantly, managed — effectively.
Managing inventory begins with tracking it, but tracking alone isn’t enough. Understanding key metrics like sales velocity, sell-through rate and inventory turnover is critical to making decisions that allow retailers to have the right inventory in the right place at the right time.
