Learning at the Speed of Change
We can all take heart in knowing that solutions are available. While change may be occurring faster than ever, retail by nature has always embraced change. This is just another opportunity to "unlearn" the old and learn the new.
At the end of the day, as Dr. Gottfredson demonstrated, successful inventory management is really about people. Job one for any inventory optimization effort should be to get your people highly engaged and "learning at the speed of change." As noted above, if you can do that, everything else will take care of itself.
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.