{"id":23346,"date":"2021-05-11T10:54:31","date_gmt":"2021-05-11T15:54:31","guid":{"rendered":"https:\/\/theboutiquehub.com\/?p=23346"},"modified":"2023-02-14T10:38:22","modified_gmt":"2023-02-14T16:38:22","slug":"retail-inventory-management","status":"publish","type":"post","link":"https:\/\/theboutiquehub.com\/blog\/retail-inventory-management\/","title":{"rendered":"Retail Inventory Management"},"content":{"rendered":"\n<p>Today on the Boutique Chat Podcast Paul Erickson, Director of Sales at Management One joins us for&nbsp;<em>Retail<\/em>&nbsp;<em>Inventory Management<\/em>.&nbsp;<\/p>\n\n\n\n<p>Are you confused about how much you should buy and how often? Do you want to know what the future of retail entails? Today Paul covers all things retail inventory management.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<iframe style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/19025561\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/backward\/render-playlist\/no\/custom-color\/87A93A\/\" height=\"90\" width=\"100%\" scrolling=\"no\" allowfullscreen=\"\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" oallowfullscreen=\"\" msallowfullscreen=\"\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/boutique-chat\/id1351990699?mt=2\" target=\"_blank\" rel=\"noreferrer noopener\">&gt;&gt; EPISODE 313 \u2013 LISTEN NOW ON iTunes &lt;&lt;<\/a><br><em><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/boutique-chat\/id1351990699?mt=2\" target=\"_blank\" rel=\"noreferrer noopener\">&gt;&gt; EPISODE 313 \u2013 LISTEN NOW ON Spotify &lt;&lt;<\/a><\/em><br><em>See the Full&nbsp;<\/em><a href=\"http:\/\/www.theboutiquehub.com\/boutiquechat\">Boutique Chat Podcast Website here<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Retail Inventory Management\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/aZ7J07myKEY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong><em>Episode Rundown:&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p>00:05:28 The Future of Retail<br>00:09:30 How Much Inventory Do You Need<br>00:23:06 Sell Through &amp; Margins<br>00:26:43 Markups<br>00:38:51 What&#8217;s Trending<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-main-points-in-retail-inventory-management\">Main Points in&nbsp;Retail&nbsp;Inventory Management<\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li>It is about buying smaller quantities of product, more often.<\/li><li>Be strategic about your markups. They don&#8217;t need to be 50%, some products can easily be higher than 50%.&nbsp;<\/li><li>2021 is the year of opportunity and growth.&nbsp;<\/li><\/ol>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-576x1024.png\" alt=\"\" class=\"wp-image-23349\" width=\"473\" height=\"841\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-576x1024.png 576w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-169x300.png 169w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-768x1365.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-864x1536.png 864w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-700x1244.png 700w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1-600x1067.png 600w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-Story-1.png 1080w\" sizes=\"(max-width: 473px) 100vw, 473px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\">Favorite Quotes in Retail&nbsp;Inventory Management<\/h3>\n\n\n\n<p>&#8220;When you do make a mistake, it&#8217;s key you learn from it. I often call markdowns the tuition you pay on the education of your customer.&#8221; -Paul<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-1024x1024.png\" alt=\"\" class=\"wp-image-23348\" width=\"696\" height=\"696\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-1024x1024.png 1024w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-300x300.png 300w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-150x150.png 150w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-768x768.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-570x570.png 570w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-500x500.png 500w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-1000x1000.png 1000w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-700x700.png 700w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-600x600.png 600w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2-100x100.png 100w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2021\/05\/Podcast-Instagram-2.png 1080w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/figure><\/div>\n\n\n\n<p>&#8220;We think we cant get more markup. That is the one area retailers think the marked is pretty much fixed. No, it&#8217;s not, you can get more markup than you think.&#8221; -Paul<\/p>\n\n\n\n<p>&#8220;Liberal return policies have been shown to reduce the returns, not increase them.&#8221; -Paul<\/p>\n\n\n\n<p><strong><em>Where to find &amp; reach Paul:<\/em><\/strong><\/p>\n\n\n\n<p>Email: paul@managmentone.com<\/p>\n\n\n\n<p>Website:<a target=\"_blank\" href=\"https:\/\/www.management-one.com\/boutique-hub\" rel=\"noreferrer noopener\">&nbsp;www.management-one.com\/boutique-hub<\/a><\/p>\n\n\n\n<p>Instagram:&nbsp;<a target=\"_blank\" href=\"https:\/\/www.instagram.com\/m1retailexperts\/\" rel=\"noreferrer noopener\">@m1retailexperts<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Join the Hub for more training, information, and connections.<br><a href=\"http:\/\/www.theboutiquehub.com\/join\">www.theboutiquehub.com\/join<\/a><\/p>\n\n\n\n<p>Use the hashtag&nbsp;<strong><em>#AskAshley<\/em><\/strong>&nbsp;on&nbsp;Instagram, or tag her at<a href=\"https:\/\/www.instagram.com\/ajalderson\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;@ajalderson<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/www.instagram.com\/theboutiquehub\" target=\"_blank\" rel=\"noreferrer noopener\">@theboutiquehub<\/a>to suggest topics for the podcast and let us know what you thought about this episode!<\/p>\n\n\n\n<p>Do you love the Boutique Chat Podcast?! Subscribe to our podcast and after that, leave us a review on<a href=\"https:\/\/itunes.apple.com\/us\/podcast\/boutique-chat\/id1351990699?mt=2\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;iTunes Apple Podcasts here<\/a>!<\/p>\n\n\n\n<p><strong>Original Air Date: May 11th, 2021<br><\/strong>Do you love the details of<em>&nbsp;&nbsp;<em>Retail<\/em>&nbsp;<em>Inventory Management<\/em><\/em>?&nbsp;Let us know what you think about our show and help spread the word about the&nbsp;<a href=\"https:\/\/theboutiquehub.com\/boutiquechat\/\">#BoutiqueChat Podcast.<\/a><\/p>\n\n\n\n<p><strong><em>Recent Posts<\/em><\/strong>:<\/p>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><img decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2025\/12\/New-Blog-Covers-7-300x169.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"The Boutique Hub at MAGIC New York\" style=\"\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2025\/12\/New-Blog-Covers-7-300x169.png 300w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2025\/12\/New-Blog-Covers-7-1024x576.png 1024w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2025\/12\/New-Blog-Covers-7-768x432.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2025\/12\/New-Blog-Covers-7.png 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/theboutiquehub.com\/blog\/the-boutique-hub-at-magic-nyc\/\">The Boutique Hub at MAGIC New York<\/a><div class=\"wp-block-latest-posts__post-excerpt\">The Hub Team is heading to MAGIC New York again and we couldn&#8217;t be more excited! With over 320+ brands, you are sure to find more MAGIC in a (New York) minute!\u00a0<\/div><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/EDUCATION-HOW-TO-66-300x169.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"Is Your Boutique Quiet, or Is Your Space Pushing Customers Away?\" style=\"\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/EDUCATION-HOW-TO-66-300x169.png 300w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/EDUCATION-HOW-TO-66-1024x576.png 1024w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/EDUCATION-HOW-TO-66-768x432.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/EDUCATION-HOW-TO-66.png 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/theboutiquehub.com\/blog\/is-your-boutique-quiet-or-is-your-space-pushing-customers-away\/\">Is Your Boutique Quiet, or Is Your Space Pushing Customers Away?<\/a><div class=\"wp-block-latest-posts__post-excerpt\">January is slow. You already know that. But here\u2019s the uncomfortable question most boutique owners avoid asking: Is it the season or is it your store?\n\nThe start of a new year is the perfect time to take a hard look at your space. Not when you\u2019re knee-deep in shipments, slammed on weekends, and wishing you had time to fix things, but now. During the quiet. During the downtime. During the moment when changes are actually possible.<\/div><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"157\" src=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/5MF-BLOG-COVER-Podcast-14-300x157.png\" class=\"attachment-medium size-medium wp-post-image\" alt=\"The 13 Strategies Boutique Owners Need for 2026\" style=\"\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/5MF-BLOG-COVER-Podcast-14-300x157.png 300w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/5MF-BLOG-COVER-Podcast-14-1024x536.png 1024w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/5MF-BLOG-COVER-Podcast-14-768x402.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2026\/01\/5MF-BLOG-COVER-Podcast-14.png 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/theboutiquehub.com\/blog\/five-minute-friday-the-13-strategies-boutique-owners-need-for-2026\/\">Five Minute Friday: The 13 Strategies Boutique Owners Need for 2026<\/a><div class=\"wp-block-latest-posts__post-excerpt\">As we wrap up Season 7 of the Boutique Chat Podcast, I wanted to pause\u2014right where you&#8217;re listening\u2014and take an honest look at where the retail industry stands today and where it&#8217;s headed next. Based on 1,000&#8217;s of conversations with boutique owners over the past year, this episode breaks down 13 key focus areas that\u2026 <a class=\"wp-block-latest-posts__read-more\" href=\"https:\/\/theboutiquehub.com\/blog\/five-minute-friday-the-13-strategies-boutique-owners-need-for-2026\/\" rel=\"noopener noreferrer\">Read more<span class=\"screen-reader-text\">: Five Minute Friday: The 13 Strategies Boutique Owners Need for 2026<\/span><\/a><\/div><\/li>\n<\/ul>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today on the Boutique Chat Podcast Paul Erickson, Director of Sales at Management One joins us for&nbsp;Retail&nbsp;Inventory Management.&nbsp; Are you confused about how much you should buy and how often? Do you want to know what the future of retail entails? Today Paul covers all things retail inventory management.\u00a0<\/p>\n","protected":false},"author":834,"featured_media":23360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[3,408,488,487,486],"tags":[460,410],"class_list":["post-23346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boutique-business","category-boutiquechat","category-boutique-dashboard","category-brand-dashboard","category-service-provider-dashboard","tag-boutique-chat-podcast","tag-inventory-management","pmpro-has-access"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Retail Inventory Management | The Boutique Hub<\/title>\n<meta name=\"description\" content=\"Are you confused about how much you should buy and how often? Do you want to know what the future of retail entails? Today Paul covers everything you need to know about retail inventory management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theboutiquehub.com\/blog\/retail-inventory-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Inventory Management\" \/>\n<meta property=\"og:description\" content=\"Are you confused about how much you should buy and how often? Do you want to know what the future of retail entails? 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