There are several challenges that a jewellery retailer may face: 1. ππΌπΊπ½π²ππΆππΆπΌπ»: There is a lot of competition in the jewellery industry, and it can be difficult for a retailer to stand out in the market. 2. π£πΏπΆπ°π² ππ²π»ππΆππΆππΆππ: jewellery can be a significant purchase for many consumers, and price Read more…
Challenge your definitions every day for every SKU at every store. Ensure your head is always available.Keep your belly trim.Cut down your tail. Are you struggling with low inventory turnover or cash flow issues?It might be time to take a closer look at your product mix. Are all products created Read more…
As long as sales are incentivised only for volume sold into the channel and marketing only for market share, companies will never become demand-driven.To make the move on demand-driven initiatives, companies must focus on profitable sales through the channel. We want to shorten our response time to market, achieving better Read more…
In case the warehouse has limited stock :Don’t send more stock to the ‘best-performing store’. Send instead limited stock where you have the best chance of selling the particular SKU. Give stock without starving stores as much as possible. For instance, let’s say that the total stock required is 10 Read more…
Shortages of computer chips, medical gear and more have the US grappling for solutions. Post pandemic, even companies are wrestling new challenges. How do we ensure that we are effectively dealing with the post Covid challenges as a company or as a country? We need to necessarily look at 3 Read more…
Given the uncertainty and volatility in todayβs world coupled with the complexity and ambiguousness of suppliers, the task of building world class supply chain is hard.Below are the capabilities companies need to build in order to get world class supply chain Clear end to end modeling understanding the capacity of Read more…