Jul 26, 2020
Stock management can make or break product businesses.
It’s all too easy to fall victim to ‘shiny new stock syndrome’ and
bulk buying discounts, where you end up overstocking your business
and creating a “stock monster’ that reduces your cash flow to a
trickle.
In episode 5 of the Resilient Retail Game Plan I cover the four key
rules for stock management - having a plan, ordering the right
amounts, trialing and repeating, and clearing as you go. These
tools will help you feel strategic, in control, and give you more
time to focus on the important things within your business -
creating and curating a line of products you and your customers
love.