Why Do It?
Having inventory separated into appropriate categories is beneficial to the overall health and wellness of your inventory – not to mention your sanity. We will be tracking anything and everything to do with these categories: sales, inventory levels, receiving, markdowns, gross margin, markup, and the list continues. One vital goal is to ensure your inventory is categorized suitably so the numbers and trends we will track together are a true reflection of what category is moving how, when, and why. We will in turn leverage this accurate information obtained to unleash the powerful sales weapon, better known as your inventory. RIOT on!
Category Assessment and Reassignment