Fixing the Buying Mistakes You Just Made
You’ve come to The NAMM Show with a list of products your customers want. You’ve talked with vendors to get the best prices and payment terms. You’ve implemented a great commission plan to motivate your sales team. But cash is still tight, vendor invoices are aging, and we all know why: You have too much inventory! And even if you guess right most of the time, you’ll still guess wrong some of the time. How do you fix these buying blunders, so they don’t tie up much-needed cash to buy the products you need? In a follow-up to their earlier NAMM Idea Center session, financial experts Alan Friedman and Daniel Jobe of Friedman, Kannenberg & Co. will show you how to fix your buying mistakes and manage your inventory into profitability. They’ll even share their secret sauce for managing any store’s entire inventory.