Smart Buying Strategies for Better Inventory Decisions
Smart Buying Strategies for Better Inventory Decisions
Making the right inventory decisions can be the difference between record sales and costly overstocks. This session will equip you with practical strategies and real-world insights to fine-tune your buying process.
You’ll discover how to leverage data, supplier partnerships, and market trends to:
- Improve cash flow
- Anticipate consumer demand
- Keep the right products on your floor—at the right time
What You’ll Learn:
- How to analyze sales data and market trends to drive demand-based buying decisions
- Best practices for balancing inventory with seasonal shifts and customer demand
- Strategies to prevent overbuying and improve sell-through rates
- Common buying pitfalls—and how to avoid them in today’s retail landscape
Our Panel:
Sarah Stuard, Manager-Retailer Partnerships, Faire.com
Sarah Stuard is a Sales Manager at Faire, the largest online wholesale platform connecting hundreds of thousands of retailers with brands worldwide. She leads a team of eight Account Executives focused on helping retailers place their first orders and grow on the platform. With five years at Faire, Sarah specializes in the retailer experience, supporting shop owners as they discover, grow, and thrive within the ecosystem.
David McMahon, Owner, PerformNow
David specializes in growing the sales, profits, ROI, and cash flow of operations in the furniture industry. He is a certified management accountant and certified supply chain professional, and simply put, he deploys solutions that make money. Performance Professional, Founder of PerformNOW. PerformNOW helps businesses and people level up!
Jaime Winter, Owner, Furniture Mall of Kansas / Tools2Win
Jamie is the co-owner and third generation of Furniture Mall of Kansas. He joined the family business in 2009 after 16 years in auto electronics manufacturing, where he was an Executive with Continental, utilizing his degrees in electrical engineering from Kansas State University and an MBA from Texas A&M University. Furniture Mall of Kansas is a Mall concept that includes three furniture brands covering three distinct price ranges from good to better and best. Jamie and his brother Jeff continue to grow, with stores in Kansas, and Missouri. Jamie is also the owner and founder of Tools2Win, which provides tools that turn Point-of-Sale data into actionable information for the furniture industry.