Buy low sell high is what retail is about. Sometimes buying low can end up costing you more than expected. This Nanocast™ asks a few questions to get you thinking about if it’s really worthwhile buying more inventory than you need right now just because it is heavily discounted.
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Terminology
NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.
Merchandise Planner - Listen here to find out what merchandise planning is.
Book
The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.
