What do you do if your inventory and stock levels are constantly fluctuating in a merchandising role?

There are normal sales and seasonal sales. Seasonal Sales: A retailer will have the calendar of seasonal moments. The power of data driven is a must for a retailer. Merchandising divisin in each category should maintain seasonal sales data and use it for the next season. Normal Sales: For normal sales, a good POS system will help Merchandiser to make a better buying plan. Other factor such as supply chain with some suppliers also become the consideration of Merchandising Team.

Using a "Just in Time" inventory purchasing process will help your company manage the need for fluctuating stock levels. Buying as close to the selling period is the key.

there might be different causes about this problem however the first step must be checking your order and replenishment algorithm and overall product management system. Sales forecast including the seasonal changes , promotional scenarios will be a must for the beginning.. You can't take actions without checking sales forecast , on time data and your replenishment at the meantime.

Analyze data from previous years to anticipate changes in demand. This helps in planning for inventory needs and avoiding overstocking or stockouts

01- Invest in inventory management software that can track stock levels in real-time, provide insights into trends, and generate forecasts based on historical data. This can help you better understand and anticipate fluctuations. 02- Use dynamic pricing strategies to adjust prices in real-time based on demand and inventory levels. Offer promotions or discounts to incentivize sales of excess inventory or capitalize on peak demand periods. 03- Foster open communication and collaboration between merchandising, sales, marketing, and operations teams to ensure alignment on inventory management strategies and priorities. Regularly share insights and updates to facilitate agile decision-making.

You can implement inventory management strategies such as demand forecasting, safety stock levels, and regular inventory audits to help maintain optimal stock levels. Additionally, collaborating with suppliers and using technology like inventory management software can also help streamline the process and ensure efficient stock management

Constantly fluctuating inventory and stock levels can be managed through robust inventory management systems, regular monitoring, and forecasting techniques. Implement strategies like just-in-time inventory, safety stock, and demand forecasting to minimize disruptions and optimize stock levels. Regularly review sales data, supplier performance, and market trends to adapt quickly to changes and maintain optimal inventory levels. Additionally, fostering strong relationships with suppliers and implementing efficient communication channels can help mitigate risks and streamline inventory management processes.

Stock management is a skill/method that constantly reviews the selling items, colours, sizes, etc. If the sales reports are accurate, one can be proactive.

First of all we need to invest in software that can track your inventory levels in real-time and provide insights into trends and patterns. This can help us anticipate fluctuations and adjust your ordering and stocking strategies accordingly.

Above all, be kind and show appreciation for the ones you depend on to make your business run smoothly. When you are consistent in these efforts, those suppliers will bend over backwards to help you during times of crisis. Here’s an illustration: Two years ago, a high end, custom product was due the beginning of December. By the 20th, the rep was backpedaling! Thanks to the manufacturer owner leaving his vacation, and a surprising old friend in the biz, the item made it from Thailand, through NY customs. It was then hand flown by the friend to Utah on the night of the 23rd! He then turned right around and flew home to NY, arriving at 6am, on the 24th to be with family. All because of our relationship. Project saved!

Analyze past sales data and market trends to forecast future demand for your products. By understanding when demand is likely to increase or decrease, you can adjust your inventory levels proactively.

Utilize inventory management software - Keep inventory records updated on a regular basis - Establish reorder points - Optimize the layout of your warehouse By putting these measures into action and consistently monitoring and refining your inventory management procedures, you can

Perfomance Review for Merchandising team performance is a must starting from: 1. Inventory Turn Over of a store, division, department, categories, the items inside it. 2. What is your stock composition; how much the fast moving items, slow moving items, and dead stock in your inventory. If the composition is not healthy then you can react fastly. Do it in regular basis so that it will nit ruin the company cashflow.

Work closely with suppliers to optimize lead times and ensure timely replenishment of inventory. Consider alternative suppliers or shipping methods to mitigate the impact of supply chain disruptions. Also collaborate with other departments such as sales, marketing, and operations to align inventory management efforts with overall business objectives. Communication and coordination across different functions can help address challenges and capitalize on opportunities more effectively.