Learn to identify the old inventory and create an action plan to get rid of it.
Obsolete inventories are a dangerous thing for most businesses, especially retail businesses, because they tie up capital unnecessarily, and create a bad impression for customers when they see the same old thing, day after day. And while every business that maintains inventory will always have some degree of obsolete inventory, learning how to identify, remove, and mitigate future obsolete inventories is of paramount importance. By establishing the parameters by which you can measure what the obsolete inventory is, you can easily identify it, take action to get rid of it, and then analyze the causes of the obsolete inventory, so that it does not continue to consume capital, space, and time.
Agenda
Faculty
Dan Jablons
Retail Smart Guys
- Award winning merchandise planner and retail consultant for 15 years in a row
- Piloted some of the industry’s earliest vendor managed inventory programs
- Keynote speaker at many trade shows, including MAGIC, Surf Expo, and Global Pet Expedition
- Has worked with retailers, large and small, nationally, and internationally
- Was amongst the first to work with independent retailers to add technology to their stores to improve their bottom line
- In addition to his retail knowledge, he has also been an actor on TV, you know him as Larry David’s lawyer on Curb Your Enthusiasm
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