Rate of sale is not a metric that is widely used. It is a metric that comes in handy when looking for another way to confirm results or make decisions.

This Nanocast™ talks about using rate of sale and looks at a few of it’s advantages.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

We all know how to count, yet 2 people can count the same item and come up with 2 different figures. When this happens during a stocktake, do you know what to do?

This Nanocast™ talks about what happens during and after a stocktake is done.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

Carrying out a stocktake is not a simple task and it takes a lot of preparation to make it happen. This Nanocast™ lists a few of the main tasks to do before the counting begins.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

The biggest asset of retailers is inventory. This Nanocast™ is about stocktakes and what it is as knowing how much inventory you have available is a very important part of running a retail business.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

There are times when additional ways to look at sales performance is needed. This Nanocast™ is about a calculation I use infrequently to give me a view of performance from a different perspective.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

There is a chicken and egg type conundrum NMRs - nano and micro retailers - face and that is whether to focus on profit or market share first.This Nanocast™ looks gives a couple of pros and cons for each to aid in your decision making.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

Of all the different methods that can be used to determine a retailers market share, which is the one that matters most. This Nanocast™ looks at a perceived and the actual method used to determine market share.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

Using the previous years history to predict future sales and inventory need is the bedrock of any form of planning. What happens when the previous year's history isn’t reliable enough to be used? That is something I talk about in this Nanocast™.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

Highly seasonal products have a limited selling window. Having a plan in place before starting to sell these items is a way to not get left with large quantities of out of season products. This Nanacast™ talks about sell through and it’s benefits.

If you like these Nanocasts™ subscribe to be notified when a new episode is published and don’t forget to share with others.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Retated Nanosode™

Listen to an earlier Nanosode™ on Sell through

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.

Buy low sell high is what retail is about. Sometimes buying low can end up costing you more than expected. This Nanocast™ asks a few questions to get you thinking about if it’s really worthwhile buying more inventory than you need right now just because it is heavily discounted.

If you like these Nanocasts™ please subscribe to be notified when a new episode is published and share with others you know would like them.

Terminology

NMR = Nano and Micro Retailer - listen to this podcast to find out more about NMRs.

Merchandise Planner - Listen here to find out what merchandise planning is.

Book

The fundamentals of planning - a book on merchandise planning aimed at those wanting to understand what it is and how it fits into an organisation. Available to order on Amazon and in bookstores.