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"Choice Paralysis" and You: Managing Inventory Variety

"Choice Paralysis" and You: Managing Inventory Variety

In the world of retail, conventional wisdom has always said “more is better”, especially when it comes to choices. Offering a customer the ability to choose from more and more products is the right way to grow— isn’t it?…

See (and Plan for) the Future with Inventory Management

See (and Plan for) the Future with Inventory Management

Ever wonder how we get weather forecasts? Or how people actually earn a living playing fantasy sports? It’s not magic, it’s math...

The Art of Inventory Optimization, Part 3: Life Optimized

The Art of Inventory Optimization, Part 3: Life Optimized

Any parent will tell you that doing a little bit of work as you go is a far better approach than letting things pile up...

The Art of Inventory Optimization, Part 2: Stock Levels

The Art of Inventory Optimization, Part 2: Stock Levels

“We’re out of stock.” Four words every customer hates to hear. And if customers hate to hear them, retailers downright loathe saying them. It means a lost sale and a disappointed customer, or (as your profit report will tell you) money lost now and money lost later...

The Art of Inventory Optimization, Part 1: A/B Testing

The Art of Inventory Optimization, Part 1: A/B Testing

Inventory optimization can be challenging at times. Even seasoned Purchasing Managers can struggle with deciding what products to order, but there’s a proven tactic that’s helping everyone from software designers to laundry detergent manufacturers. 

Up for The Count: 7 Steps to Year-End Inventory Nirvana

Up for The Count: 7 Steps to Year-End Inventory Nirvana

We at Shopventory work with thousands of merchants all over the world. So, we know the words "year-end inventory" often strike terror into the hearts of most retailers. However, there's no better time than an end-of-the-year inventory count to get your business organized and be certain you're starting the new year right...