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Submission: On October 17 via api from BE — Scanned from CA
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By using this website, you agree to our use of cookies. We use cookies to provide you with a great experience and to help our website run effectively. Accept 0 TAKE THE GUESSWORK OUT OF ORDERING AVOID OVER BUYING AND BECOME MORE PROFITABLE WITH M1 SEE HOW WE CAN HELP IS YOUR INVENTORY TURNING FAST ENOUGH? You can calculate your inventory turns it by dividing your Cost of Goods Sold (COGS) by your average inventory for the year. Select a Product Category Select a category Adult products Art and museum merchandise Bicycles and accessories Candy and confectionery Cannabis products College textbooks and supplies Contemporary fashion clothing Elevated streetwear Farm and feed supplies Fast-fashion clothing Fashion jewelry Footwear Furniture Garden and landscaping supplies Gifts, stationery, and home accessories Golf equipment and apparel Hardware and tools Horse supplies and equipment Kids' clothing and maternity wear Kitchen supplies and appliances Lingerie and intimate apparel Luxury fashion items Optical goods and eyewear Outdoor gear and equipment Pet supplies Quilting and fabric materials Sporting goods and equipment Surf, skate, ski, and snowboard gear Tobacco products Toys and hobby supplies Uniforms and work wear Western wear and accessories Typical Annual Inventory Turns -- I THINK I COULD DO BETTER Let’s chat about where we can help you improve 4 WAYS WE HELP INDEPENDENT RETAILERS DATA INSIGHTS You feel that your inventory turns aren’t optimized. Know exactly where the opportunities are to take your company to the next level. SOUNDBOARD It’s lonely at the top and its hard to make hard decisions yourself. A soundboard can help you gut check your decisions and stay motivated. OFFLOAD IT You’re wearing too many hats and don’t always feel qualified. Offload technical inventory analysis and focus on where you’re confident. KNOWLEDGE It’s not always clear why your business can’t move forward. Learn the retail concepts you need to drive better, more confident decisions. Let’s ask you some questions to figure out what’s best for you. GET STARTED WE’VE HELPED THOUSANDS OF INDEPENDENT RETAILERS IN EVERY VERTICAL IMAGINABLE MANAGE BILLIONS IN GOODS. “We saw drastic results. We were over-inventoried and it made us a better store. It's the best investment we ever made. It pays for itself." Rita Phillips Iowa State University Book Store Ames, IA Books, Gifts “I wish we would have had Management One when we started our business. We made some expensive mistakes that they would have helped us avoid.” Josephine Pfeiffer Fleur De Lys Costa Mesa, CA Gifts, Apparel "M1 offers a roadmap for growth and scalability, offering key insight into what's working and what's not for our retail store." Mallory Dabney heyday Bozeman, MT Apparel, Gifts, Home Goods Management One has been amazing! Their information drives improvement in sales, margin and inventory turns. Now we can clearly see what’s working and what isn’t, and easily figure out what to do about it. Mark Wells Tommy’s Slalom Shop Colorado, Florida, Michigan Boating NO MORE WINGING IT. NO MORE FLYING BLIND. WHAT WE OFFER: INVENTORY INSIGHTS & FORECASTING SOFTWARE * Supercharge your “gut feel” * Sophisticated & actionable reporting and easy to consume insights PROFESSIONAL EXPERTISE * You’re not on your own * An expert can be involved as much or as little as you need Our software and expertise is flexible to fit your needs. SEE WHAT’S RIGHT FOR YOU MANAGEMENT ONE IS ALL ABOUT INVENTORY PLANNING, BUT THERE ARE OTHER TYPES OF INVENTORY SOFTWARE. POS + EXCEL Uses basic POS data combined with Excel spreadsheets to manage inventory How It Helps ▶ * Provides visibility to inventory without needing specialized software * Simple and inexpensive solution for managing inventory basics When It Doesn't Help ▶ * Lack of automation makes it error-prone * Difficult to scale for anything over $200k INVENTORY PLANNING (WHAT WE OFFER) Software that helps forecast inventory needs based on historical sales data and trends How It Helps ▶ * Identifying stock issues before they become issues * Reducing time spent digging through data manually * Taking confident markdowns When It Doesn't Help ▶ * For new retailers without adequate data history * Stores too small (below $200k annual revenue) MIN-MAX Simple system setting minimum and maximum inventory levels How It Helps ▶ * Managing replenishment for predictable, low-complexity inventory needs * Quick, simple methods to prevent stockouts When It Doesn't Help ▶ * For high-variety, high-complexity inventory needs * Cannot adjust for trends or unique demand patterns ASSORTMENT PLANNING Optimizes product mix based on demand, trends, and sales goals How It Helps ▶ * When deciding what products to carry in a store * Determining the best assortment to maximize sales and meet customer demand When It Doesn't Help ▶ * Lacks day-to-day inventory visibility * Not ideal for managing detailed stock levels or reordering needs SEE IF INVENTORY PLANNING CAN HELP YOU Join over 10,000 retailers who receive our weekly email newsletter. We’ll share expert insights, thoughts, trends, product updates and other tidbits we think you'll find interesting. CONTACT US TODAY What we do Data-Driven Retail Merchandise Planning & OTB Increase Cash Flow Spot Opportunity Reach Your Next Level Master Your Niche Retail ORBIT Platform About Our Data Platform POS Integration Login Who we are About Us Our Experts Client Testimonials Our Partners Retail Insights Blog Press Careers at M1 Privacy Policy Copyright 2022, Management One | General inquiries and Customer Support