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MSA FORWARD VIRTUAL 2021 Conference Education Session Recording

Inventory Control and the Basics of When, How and What to do with the Information

Presenter: Kevin Natapow, Creative Retail Solutions

Knowledge Standards: Financial Management, Operations, Merchandise Planning

Session Description: One of the most important, and often overlooked, aspects of running a successful retail store is inventory control. Understanding how much inventory to purchase and how to increase sales and profitability through inventory control is key to any store’s success. Kevin Natapow, of Creative Retail Solutions, will address topics including: detail item evaluation “how to”, turns and min/max calculations, sales curves, and establishing your budget and open to buy (OTB).