Retail Inventory Management
Our Inventory Management offering will create an invaluable perspective of your current inventory position – and how effectively it is being employed. One of the tools we employ is SKU Rationalization, which permits us to generate important recommendations for inventory management. The approach we utilize will permit your merchandising team to more effectively understand and manage your inventory position.
We are able to analyze your inventory status and convey our findings with innovative graphics to create a deeper, better understood, and more useful message for your team. Hence, the result is an improvement in your GMROI. We can assist you to improve your inventory management effectiveness with…
- Sales Performance Analysis
- Margin Performance Analysis
- Sales / Margin vs On-Hand Inventory
- Life Cycle Profiles
- Assortment Breadth Profiles
- Category Performance vs Inventory Position
- Color Scale Analysis
- Size Scale Effectiveness Profiles
- Allocation Effectiveness Profiles
- Excess / Obsolete Profiles
The proliferation of SKU’s and reports generated by most inventory management systems can create confusion. Let us teach your team new ways to manage your inventory more effectively.
A typical inventory management review culminates with a detailed presentation to senior management to review critical findings. Once findings are reviewed, understood and agreed upon our consultants can assist you to make specific improvements in the acquisition, control, and profitable sale of excess merchandise.
- A recent inventory analysis and shipment mix analysis for a large distributor indicated that profitability trends were occurring counter to management’s expectation. The analysis allowed them to dramatically refine their inventory mix and warehousing strategies
- At a nationally recognized distributor of women’s apparel, we recently performed a full SKU Rationalization across their entire brand offering and discovered that key size and color scales did not reflect customer preferences – resulting in significant lost sales due to lack of inventory in some departments and end-of-season obsolete / over-stocked inventory in others