Being able to capitalise on assets is one of the things that helps make a profit. In retail, inventory is the main asset used to make a profit. Being able to keep an eye on it is essential and there are a few simple metrics to use to do this, 3 of which are mentioned in this Nanacast™
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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.
