11.02.21 -- Inventory Management Tips For The 2021 Holiday Season

Gainfort Ltd. operates two convenience stores in Huntingdon, U.K., about 70 miles north of London. At the end of employee shifts, owner Sunil Lahal noticed a disturbing trend during cash counts: The totals were off.

What worked yesterday will not necessarily drive success today. It will almost certainly not ensure a fruitful tomorrow.

The events of 2020 forever changed how big box stores connect with shoppers, requiring a whole new reliance on technology capabilities to keep pace and meet the growing expectations of their customers.

Inventory management plays a significant role in a business’s profitability, and it gets especially tricky during the holiday season. As the COVID-19 pandemic continues to rage on and negatively impact the economy, it’s no wonder this year will come with its fair share of challenges for retailers. For example, ongoing supply chain issues will affect your ability to keep bestselling items in stock.