Inventory is the bane of a retailer’s existence. I bet you’re wondering what the word bane means now that it’s been connected directly to you.(“The source or cause of misfortune, unhappiness, frustration or anxiety, usually used hyperbolically”—The Free Dictionary)
Despite its difficulties, inventory is a necessary evil. Gaining a clear perspective on inventory is the first step to taming the monster. Inventory is inherently evil in that without tightly defined and rigorous management and manipulation it always becomes a problem.
It must be curated, purchased, valued, edited, displayed, signed, priced, maintained, moved, paid for, financed, marked down, and well … what did I miss? We could probably apply a dozen or so other words.
About the Speaker:
Sid Raisch is a consultant, and advocate, for family owned and operated small business. He currently serves as a consultant to The Garden Center Group and is President/CEO of Bower & Branch. Sid has been inventing and reinventing the way things don’t get done into “get it done” strategies that increase profit-ability, market-ability, oper-ability, and owner-ability of garden centers, landscape operations and a few wise suppliers of plants and products. Sid doesn’t have more than 40 years of the same experience. He has invested thirty-eight increasingly effective years dedicated to improving and re-inventing the inter-dependent supply chain. He’s constantly challenging “that’s how we do it”, “we tried that”, and a dozen or so other excuses. Sid knows how to get people to get things done by overcoming underlying attitudes, fears and lacking resources. When you read Sid’s articles or hear Sid talk “put your ears on” and listen up, and get ready to think and implement changes that will take you and your company to new heights and new places.