Vendor Insight: Smart Practices In Returns Management

By Kevin Connor, Retail Pro International LLC

School is out. Your signs are up at every corner within two blocks. Your rickety table is propped up, and you are ready to sell every last paper cup filled with that liquid gold — lemonade. Your only care at that moment was when Mom was going to bring you the next batch of lemonade so you could keep selling those cups at the bargain basement price of 25 cents.

Ah, the good old days, right? Life was much simpler running the summer lemonade stand from your front yard. You never had to worry about any of your customers wanting to return any of your inventory.