“You can’t be successful at marketing or sales unless you have a good handle on your inventory.”
Get ready to hear some straight-up real talk with my good friend Mary Landgrebe of Management One. We dive into the tough conversations that are being had right now in our industry and the challenges small business owners face in the current economy. As an expert in retail operations, inventory solutions and strategic planning, Mary shares her thoughts on what buying will look like in 2024, the dangers we should all be avoiding as small business owners and how independent retailers can plan for success in the upcoming year.
We talk about the need to understand your numbers and make data-driven decisions and all things inventory — open-to-buy planning, the significance of receiving and tracking orders, implementing a markdown strategy, maximizing product exposure through multiple channels, strategies for addressing excess and so much more.
This episode is packed full of valuable information so be sure to grab your notepad, and check out the links below for more on the apps and tools we discuss in the episode!
Resources Featured In This Episode:
- Management One: Website | Facebook | Instagram | YouTube | LinkedIn
- Shopify Apps: Delirious Profit | Better Reports
- FAVES Pro App
- The Boutique Hub: Website | Facebook | Instagram | Pinterest | TikTok | YouTube
- Ashley Alderson: Instagram
- Small Business Marketing Handbook
- 2024 Boutique Boss Planner
- Holiday Marketing Masterclass
- Small Business Hiring Handbook
- Boutique Owner Basics
- How to Start a Boutique Handbook
- Instagram Ignite Masterclass
- Content Sanity Masterclass
- Boutique Summit 2024
- Boutique Hub Black
- Hubventory.com
>>How to Plan, Buy and Manage Your Inventory in 2024 – LISTEN NOW ON iTunes <<
>>How to Plan, Buy and Manage Your Inventory in 2024 – LISTEN NOW ON Spotify <<
See the Full Boutique Chat Podcast Website here
Watch it on YouTube:
What You’ll Learn About in How to Plan, Buy and Manage Your Inventory in 2024
- Challenges retailers are facing in the current economy
- What buying will look like in the new year
- Inventory planning and management tips
- Understanding Your Numbers and Making Data-Driven Decisions
- The Role of Turn Rate in Open-to-Buy Planning
- The Importance of Markdown Strategy
- Maximizing Product Exposure and Markdowns
- Managing Inventory and Cash Flow
Join the Hub for more training, information, and connections.
www.theboutiquehub.com/join
Use the hashtag #AskAshley on Instagram, or tag her at @ajalderson or @theboutiquehub to suggest topics for the podcast and let us know what you thought about this episode!
Do you love the Boutique Chat Podcast?! Subscribe to our podcast and after that, leave us a review on iTunes Apple Podcasts here!
Original Air Date: December 5, 2023
Do you love the details of How to Plan, Buy and Manage Your Inventory in 2024? Let us know what you think about our show and help spread the word about the #BoutiqueChat Podcast.
Recent Posts:
- How to Know If You’re Ready to Start Running Ads for Your Small Business
Running ads for your small business can be a game-changer—but only if you’re truly ready. Jumping into Facebook and Instagram ads too soon can feel like tossing money into the wind. So, how do you know if you’re ready to take the leap and make the most of your ad budget? - 3 Mistakes That Will Ruin Your Conversion Rate (And How to Fix Them)As a small business owner, there’s one metric that stands above all others when it comes to measuring the success of your online store: conversion rate. Whether you’re driving traffic through social media, email campaigns, or organic search, your conversion rate is the key indicator of how well your website is turning visitors into paying customers. But even the most dedicated business owners can make mistakes that severely impact this crucial metric. Let’s dive into three common mistakes that can tank your conversion rate—and how to fix them.
- The Vision Board Effect: How to Design Your Dream Life
Are you ready to design your future? As we step into 2025, now is the perfect time to reflect on who you want to be and what you want your life to look like. So, in this Five Minute Friday episode, we explore the power of vision boards—why they work, how they help you stay focused, and how to use them to turn your dreams into reality. Tune in to discover how a vision board can be the first step in creating the life you truly desire.
