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Understanding this truth is one catalyst that has the power to make average retailers great. Successful retailing boils down to profitable inventory turn, and the best way to improve profitability and turn is to forget everything one thought one knew about the mundane exercise/discipline/system known as "Inventory Management" and freshen up approach. Revisiting the basics of ordering, pricing, promotions, auditing, markdowns, and replenishment and applying mobile, analytically-driven solution software to their execution is the key to gaining inventory control. And as retail professionals charged with the management of inventory know well, mistakes can be made at every turn - mistakes that could cost one the season's profit on a SKU.
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