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forward slash fool. Welcome to Industry Focus, the podcast that dives into a

different sector of the stock market every day.

Today is Tuesday, May 17, so we're talking about consumer goods.

I'm joined by Motley Fool analyst Vincent Shen, who's going to take us to school on that most exciting of topics,

retail inventory management.

How's it going, Vince?

I'm doing well Sean.

I personally think it's quite exciting.

Oh man, I was, I didn't even need coffee to do this.

I'm so excited. But realistically though and on a more

serious note you know this is a really important part of the business for a lot of

the retailers and you know I'm kind of going to take you through the gamut of

some of the different sectors that we think of how they manage it and all and then kind of take you

to the gold standard with a company that has truly outdone many of its competitors.

So would you say that inventory management might be,

I mean other than advertising, the most important thing

that a retailer can do?

Well I think it's for some of the companies that will talk about it, it is a huge differentiator

for them and something that has allowed them to win really strong margins to gain incredible scale.

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