Have you been in business a while and the range of products you sell is stale? Merchandise Planning will establish which of your product range stays and which has outlived its demand. Your business will be able to make positive product decisions. Either, eliminate the ones that detract or add others that enhance your Profit. Merchandise planning will take into account inventory, warehousing, sales, personnel, price discounts and time commitment. Use the 80/20 rule to give you insight into which products are contributing the most to your Sales and Profit. Consider your competition and what impact they are having on your product selection.
30Jan
LB1: Innovate1000: Double Growth Through Innovation
Your enterprise may be growing at present. But, you can be certain that innovation and disruption will erode what have been successful services or products. We see this at work all the time. Years ago, videos came on a cassette tape. Then DVD's and now streaming services. Your enterprise will decline without...