Good Plans, Great Reactions
As you consider improvements you can make in your business, I'd suggest taking a closer look at your seasonal planning calendar. Is your information aligned with its demands? Have you developed workable contingency plans and shared them with your suppliers? Finally, is your staff aware of your "red arrows," and will they be ready to make inventory decisions in those crucial weeks?
A good plan is one thing, but the ability to be responsive within your plan is paramount. Or, as we say at Direct Tech, inventory success is delivered with good plans followed by great reactions.
Joe is Vice President of Product Solutions at Software Paradigms International (SPI), an award-winning provider of technology solutions, including merchandise planning applications, mobile applications, eCommerce development and hosting and integration services, to retailers for more than 20 years.
Joe is a 34-year veteran of the retail industry with hands-on experience in marketing, merchandising, inventory management and business development at multichannel retail companies including Lands’ End, LifeSketch.com, Nordstrom.com and Duluth Trading Company. At SPI, Joe uses his experience to help customers and prospects understand how to improve sales and profits through applying industry best practices in merchandise planning and inventory management systems and processes.