{"id":228738,"date":"2025-05-07T12:20:29","date_gmt":"2025-05-07T12:20:29","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/how-data-helps-retailers-stay-resilient-management-one-inventory-planning\/"},"modified":"2025-05-07T12:20:29","modified_gmt":"2025-05-07T12:20:29","slug":"how-data-helps-retailers-stay-resilient-management-one-inventory-planning","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=228738","title":{"rendered":"How Data Helps Retailers Stay Resilient \u2014 Management One Inventory Planning"},"content":{"rendered":"


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Periods of economic uncertainty can leave retailers feeling unsettled.<\/span><\/a> But as Marc Weiss, co-founder of Management One, reminded attendees in our latest webinar<\/span><\/a>: \u201cIn battles, you fight, flee, or freeze. The ones who freeze or flee leave space for others to take market share.\u201d<\/em><\/p>\n

Today, independent retailers have a unique opportunity to step into that space. With the right plan \u2014 and the right tools \u2014 they can navigate disruption, <\/strong>act faster than big-box competitors<\/strong><\/span><\/a> and even grow their business.<\/strong><\/p>\n

However, having a solid plan matters more than ever, allowing retailers to respond strategically<\/strong> \u2014 not react emotionally. Nate Sheth, founder of Management One explains that \u201cPlanning gives you clarity and the power to act with confidence, even in uncertainty\u201d<\/em>. It is also critical to act quickly, be agile and align with your team.<\/p>\n

Here\u2019s a recap of the webinar\u2019s key insights, including the four essential steps to building and executing your retail strategy, and the 3 Ps that drive performance in uncertain times.<\/strong><\/p>\n

Step 1: Evaluate the Right Performance Data<\/strong><\/h3>\n

\u201cLast year was a different world,\u201d <\/em>Marc said. \u201cCurrent trends are what matter now.\u201d<\/em> This is why you shouldn\u2019t rely on year-over-year comparisons \u2014 instead, focus on the last 3 to 6 months to make decisions based on what\u2019s happening right now.<\/strong><\/p>\n

Use your data to answer:<\/p>\n

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    Which categories or classes<\/strong> are driving sales?<\/p>\n<\/li>\n

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    Which vendors<\/strong> are performing \u2014 and which aren\u2019t?<\/p>\n<\/li>\n

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    What\u2019s your sell-through rate<\/strong>?<\/p>\n<\/li>\n

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    Which price points<\/strong> are resonating most?<\/p>\n<\/li>\n<\/ul>\n

    If accessing this data is difficult, consider using planning tools such as Management One<\/span><\/a> to help break things down and track progress in real time.<\/p>\n<\/div>\n