In this article, we’ll explore the most common mistakes that lead to excess inventory, along with solutions for recouping as much of your lost cost as possible. But if you take nothing else away from this article, we hope it’s the fact that excess inventory doesn’t have to be an inevitability. With the right sales and planning tools, you can confidently plan for seasonal sales, analyze inventory data, and recap performance efficiently, so you never wake up in a cold sweat again!

Anyone in retail will tell you, demand planning is an essential function to master—so much so, that it can make or break your business.

Demand planning is a process used by businesses to prepare for customer demand while minimizing excess inventory and disruptions to its supply chain. In its simplest terms, demand planning is your best educated guess of how much product you will sell to your customers.

When you’re getting a new business off the ground, it feels like at any moment, the next expense could bankrupt you.

At every turn, it feels like somebody is trying to get a piece of your profit, but you know that there’s also some truth to the old adage, “You’ve got to spend money to make money.” At Boon, we’re intimately familiar with what it’s like during those crucial early stages and know that bringing on a consultant can feel like an extravagance. If you know you need help with your sales and merchandise planning, but are worried the cost may outweigh the benefits, we’re here to prove that expert support can take your profit to the next level.

With the new year comes a lot of reflection on where your business has been and where you’re hoping it's headed. For all of us at Boon, we’re thinking about the amazing businesses we’ve helped grow since 2017 and which future clients are set for explosive growth next. From helping businesses launch their product in national chains to supporting teams through internal change, we’ve seen it all when it comes to inventory and sales planning. Is 2024 the year we help you take things to the next level?

If your business isn’t performing quite the way you want, or even if it’s performing great and you want to keep it on track, you can’t assume things will just get better on their own. You need to be proactive - recapping your sales performance gives you the insight to make that possible.

The follow up article about knowing your numbers. This post focuses on inventory related metrics and KPIs every retailer should be aware of to drive results in their business.

In this article, we’ll dive into what it really means to “know your numbers,” explore the key performance indicators (KPIs) every retailer should be aware of, and highlight the challenges that can arise if you’re neglecting your spreadsheets.

Retailers! Are you ready for the holiday season? Read our most recent blog post and make sure you’re avoiding this common missteps.