Nov 17 2023 21 mins
In episode two, we share the fundamentals of mastering retail inventory management. Discover proven best practices and real-world case studies like why did Forever 21 go bankrupt? What happened to Kmart and Sears? And how does Walmart stay as one of the top retail giants?
Get ready to be educated and entertained with insights on inventory management. Subscribe to stay tuned for more!
0:00 – Teaser
0:10 – Intro
0:57 – What is Retail Inventory Management?
3:25 – Types of Retail Inventory
6:39 - What are the Benefits of Effective Retail Inventory Management?
10:31 - Best Practices for Business Owners
12:48 - Real-World Case Studies
12:57 - Forever 21: The Rise & Downfall
14:21 - Walmart vs. K-Mart: Price War in 1990s
16:30 - Why Sears
18:09 - Walmart RFIDs: Radio Frequency Identification
18:55 - Uniqlo RFID Tags and Check-out System
19:49 - Decathalon RFID Check-out System
20:03 - Amazon Go RFIDs
20:35 - Outro
Try inFlow to manage your inventory and make sure you never run out of stock:
https://www.inflowinventory.com/