Before we talk about what needs to be done to better manage retail inventory, let’s agree on a common understanding of the purpose of any business. Not just retail, but anyone. The goal of the business is to make money now and in the future.
When we talk about retail and sales, which main element determines the income of the system? Of course, these are buyers coming to purchase our goods. If we had more buyers, the more we would have a pass. That is the bandwidth of the system. The more buyers, the more we earn. Continue reading