Are you aware of how you should be managing your inventory so you can be the most effective and profitable retailer? Check out the best ways to use your data, run your store, and monitor metrics so that you can get the most out of your business.

1. INVENTORY MANAGEMENT BEST
PRACTICES

2. Inventory management allows you to run your
business in the most effective and profitable way
INVENTORY MANAGEMENT BEST
PRACTICES

3. USE THE DATA

4. TIP:
Your data will tell you everything you need to know
about your inventory, so use it to make informed
buying decisions that will make you more money!
Use and analyze past seasonal orders to determine how to price product. Knowing how
your merchandise has performed in past years will help you accurately buy and price for
the current season.
USE THE DATA

5. IN-STORE PRACTICES

6. TIP:
Be aware of what you should be doing with your in-store
inventory, so that you can be as profitable as possible.
Keep as much product on the sales floor as possible. If it’s in your store, it should be for
sale. You lose money when you’re not selling product.
IN-STORE PRACTICES

7. MONITOR IMPORTANT METRICS

8. Inventory Turnover =
Cost of Goods Sold
Average Inventory
Sell through % =
Units Sold
(Units On-Hand + Units Sold)
Keep track of inventory costs, turn rate, and sell-through
rate to know how your inventory is performing and make
appropriate changes.
MONITOR IMPORTANT METRICS

9. For the full guide, visit or CLICK HERE ▷
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