Strategies for Training Your Inventory Staff
Inventory is the single largest expense for direct retailers. It has a dramatic impact on all key financial metrics — e.g., sales, gross margin, operating expense and cash management. Effectively managed inventory significantly improves sales and profits, while poorly managed inventory significantly harms sales and profits. Minor improvements in order fulfillment and inventory turnover can be the difference in achieving annual sales and profit goals.
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.
