Being able to capitalise on assets is one of the things that helps make a profit. In retail, inventory is the main asset used to make a profit. Being able to keep an eye on it is essential and there are a few simple metrics to use to do this, 3 of which are mentioned in this Nanacast™
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Terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.
Book
The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.
SloppySuccess
SloppySuccess using retail concepts to #makeastart on business ideas and plans. We encourage nano and micro retailers to apply big retail thinking to their businesses, by taking retail concepts, terminology and processes and explaining them in a way that is easy to understand.
SloppySuccess is about making a start, no matter how small a start it is.
Some terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.