5 • 853 Ratings
🗓️ 11 June 2024
⏱️ 36 minutes
🧾️ Download transcript
There’s no way around it—you have to know your numbers! You probably hear this from us all the time, but if you’re not sure what that actually means or how to put it to work in your business, this episode is for you. Dane Cohen from Management One joins the show to help demystify the processes of inventory planning and making decisions based on your actual numbers.
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0:00.0 | Business can be a lonely game, but it doesn't have to be. |
0:09.0 | Welcome to Boutique Chat, where we explore community over competition and how to scale your company with the balance and the happiness that we all seek. |
0:16.0 | We'll hear from product-based businesses of all types, retailers, e-commerce, and wholesale brands, |
0:21.6 | along with industry experts shaping the future of our industry. |
0:25.1 | I'm your host, Ashley Alderson from the boutique hub, and I can't wait to chat. |
0:33.6 | Hey, guys, welcome back to the podcast this week. |
0:36.1 | I'm so pumped. |
0:54.3 | One of my favorite retail experts, can I call you a retail expert, is in the house. Yes. One of my favorite things to do, sometimes I feel like we're like a traveling circus, Dane, like when we get to go speak on stages together and I'm like, oh, like there's Dane. Like we often get to be in the same rooms and on the same stages. |
1:00.5 | I love that about this industry because I know just as much as I'm passionate about helping retailers, so are you. |
1:08.9 | And you're just so great at sharing the message and making things simple and just elevating so many retailers where they are and where they're going. |
1:10.2 | So thanks for being with me today. |
1:15.3 | Yeah, thanks for having me, Ashley. And you're right. I feel like wherever I'm traveling, I could always feel comfort because you and your team are somewhere nearby. So I'm never alone |
1:20.5 | when I'm on the road. I love that. I love it. And I appreciate the friendships for sure. So we've got a |
1:26.1 | lot to cover today. And this is a topic that is just so |
1:29.0 | important. I know you and I probably both feel like a broken record sometimes when talking about |
1:34.1 | the importance of knowing your numbers. But the question I often get is it's overwhelming to me. |
1:39.0 | I don't know what it means to know my numbers. You know, there's just a little bit of like |
1:42.3 | mystification around that. So today we're going to make it really, really simple. But before we do, and we get into the |
1:47.8 | nuts and bolts of that, just start here for me. A lot of people ask me, what is management one? |
1:52.3 | Because we talk about you guys all the time as one of our most trusted partners. So high level, |
1:56.6 | what's management one? How does it work? Yeah. So the way that I best like to explain it. And, you know, there's inventory planning |
2:04.2 | often elicits a lot of fear from retailers when you start talking about inventory planning |
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