Dealing with overstock in retail sales: Are you effectively balancing supply and demand to maximize profits?
In retail sales, managing inventory is crucial to ensure a healthy balance between supply and demand. Overstock can tie up capital, increase storage costs, and lead to markdowns that erode profit margins. On the flip side, understocking can result in missed sales opportunities and dissatisfied customers. The key is to find that sweet spot where you have just enough inventory to meet customer demand without excess that leads to overstock. Understanding your market, monitoring sales trends, and having a responsive supply chain can help you maintain this balance and maximize your profits.
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Radhika MedirattaE-Commerce 🛒 | Category Leadership | Sales & Profit growth💰| Ex-Flipkart (Walmart) | MBA, IIFT Delhi #diversity…
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Mashhood NaseerCountry Leader, GROHE Pakistan @ LIXIL Emerging Markets Business Leader | Driving Revenue Growth and Business Expansion…
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Jaime Andrés Piedrahita LoperaDirector General Expertos en Retail/ Top Retail Sales Voice /Consultor y formador/ Go to Market / Trade y Shopper…