BIG to address inventory management
May 16, 2008
Napa, Calif.—An innovative inventory management system and developing collaborative vendor relationships are among the topics to be discussed during the Buyers International Group (BIG) seminars at the JCK Las Vegas show.
"We are experiencing some major shifts in the industry. In order for all of us, both retailers and manufacturers, to stay as healthy as possible, we decided it was important to open these meetings to anyone who is interested in looking at their business in an objective and honest manner," BIG Chief Executive Officer Abe Sherman said in a media release. "It's time to take off the blinders and open our eyes to the fact that sometimes, our instincts about our businesses may not reflect the reality of our businesses."
The seminars, which are open to the industry, will be as follows:
Wednesday, May 28:
—How to Use Inventory Data as a Forward-Looking Tool:
Sherman will address various methods for tackling under-performing inventory.
Thursday, May 29:
—State of the Industry
—Collaborative Vendor Relationships
—Smart Buying Made Simple
—Balance to Buy (two sessions)
Sherman's inventory management system, Balance to Buy, has retailers examining their inventory from a new perspective.
"We offered a free demonstration to several retailers, uploading their own data into the system," BIG Vice President of Operations Ellen Falcinelli said in the release. "Once they saw their inventory and sales come to life, every single retailer was sold on the system. Balance to Buy turns data into actionable information. Once you see it, the benefits are evident."
The seminars will be held at the Venetian Hotel, in Toscana 3705.
Retailers interested in more information on the seminars, Balance to Buy or BIG in general, contact Falcinelli at (707) 257-1456. To register for the seminars, visit BIG's Web site,
Bigjewelers.com.
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