As we began the new year, I found myself thinking back on all the conversations I’ve had last year with manufacturers and retailers about the things that caused them the most lost sleep.
Without question, the conversation almost always quickly turned to inventory issues.
Whether you are a retailer or a manufacturer, virtually nothing can get you in trouble quicker than inventory. So, let’s spend a few minutes thinking about how to lower our risk. First and foremost, 2010 will be the year of price to value ratio if turns are important to you.