In this exciting episode, I introduce a brand-new format for the Resilient Retail Game Plan, featuring a live consulting call with Becky Barratt from Driftwood Designs.

Becky shares with me that at times they have found that they are surprised to discover that they are out-of-stock on their most popular products only to find that it might be up to eight weeks before they can get new inventory from the manufacturer. Becky is looking for guidance on how she can move from being reactive to limited stock to be proactive.

I offer a couple of solutions that Becky can try and we discuss the possibility of implementing each given her unique products and business growth.

This insightful conversation provides practical strategies you can apply to your own retail business.

[02:31] Meet Becky from Driftwood Designs

[04:37] Becky's Stock Question: How do I move from being reactive to being proactive about my stock? 

[07:23] Option #1: Re-platform - this is the most complex but might offer the best long-term solution

[10:54] Option #2: Kanban Method - More practical and quicker to implement on the stock that matters most

[13:27] Which products should be included in a Kanban solution

[17:40] What to do if you are second-guessing your product choices

[19:42] What actions will Becky take based on the conversation?

Links:

Learn more about Stock Doctor - Take advantage of the early bird special!  £200 off if you book your Stock Doctor call by October 21st. https://www.resilientretailclub.com/stockdoctor/

If you would like to have me answer a question you have about running your retail business on the podcast, then reach out to me at [email protected].

Get all of the resources in our show notes on the website at https://www.resilientretailclub.com/podcast-episode/practical-solutions-to-avoid-stock-shortages/

Mentioned in this episode:

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