{"id":2380,"date":"2019-12-30T06:39:06","date_gmt":"2019-12-30T06:39:06","guid":{"rendered":"https:\/\/blog.indifi.com\/?p=2380"},"modified":"2020-07-13T03:20:53","modified_gmt":"2020-07-13T03:20:53","slug":"tips-on-how-to-maintain-best-mix-of-stock-retail-apparels","status":"publish","type":"post","link":"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/","title":{"rendered":"Tips on how to maintain best mix of stock (retail &#8211; Apparels)"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"450\" height=\"300\" src=\"https:\/\/blog.indifi.com\/wp-content\/uploads\/2019\/12\/Tips-on-how-to-maintain-best-mix-of-stock-retail-Apparels-450x300.jpg\" alt=\"Tips on how to maintain best mix of stock\" class=\"wp-image-2381\"\/><figcaption>Tips on how to maintain best mix of stock<\/figcaption><\/figure>\n\n\n\n<p>Over the past few years, the growth rate of retail business in India has been phenomenal and it is expected to touch the figure of<strong> <\/strong>INR 1.86 lakh crore in the current year. The healthy economic growth accompanied by the increasing disposable incomes and changes in customer tastes are factors that have contributed to this high growth rate. For any retail store, the assortment of products called the \u2018merchandise mix\u2019, is an important aspect that helps it to create its own brand value and attract customers. The following tricks and trips allow a retailer to know about the best mix of stock in the store.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_67_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/#Here_Are_Tips_on_how_to_maintain_the_best_mix_of_stock\" title=\"Here Are Tips on how to maintain the best mix of stock\">Here Are Tips on how to maintain the best mix of stock<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/#The_right_choice_of_a_stock_involves_knowing_what_the_customer_wants\" title=\"The right choice of a stock involves knowing what the customer wants\">The right choice of a stock involves knowing what the customer wants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/#The_right_choice_stock_is_related_to_the_vendors\" title=\"The right choice stock is related to the vendors\">The right choice stock is related to the vendors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/#The_right_software_for_the_best_mix_of_stock\" title=\"The right software for the best mix of stock\">The right software for the best mix of stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.indifi.com\/blog\/tips-on-how-to-maintain-best-mix-of-stock-retail-apparels\/#Delivering_the_right_product_to_the_right_customer\" title=\"Delivering the right product to the right customer\">Delivering the right product to the right customer<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Here_Are_Tips_on_how_to_maintain_the_best_mix_of_stock\"><\/span>Here Are Tips on how to maintain the best mix of stock<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_right_choice_of_a_stock_involves_knowing_what_the_customer_wants\"><\/span>The right choice of a stock involves knowing what the customer wants<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>One of the key ways to succeed in the retail business is knowing about what the customer is looking for. For that, it is not only important to know what the customer has bought in the past but also anticipate what the buying patterns will be in the future. Modern tools of data analysis can help a retailer to skim through the huge amount of data and identify buying trends. At the same time, taking feedback from the customer can help in identifying what are the changes that are needed and what are the items that are best left untouched. This also involves knowing which products are in demand at the moment so that the right stock can be selected.<\/p>\n\n\n\n<p class=\"has-text-color has-vivid-cyan-blue-color\">Also Read: <a href=\"http:\/\/TIPS ON HOW TO MAINTAIN THE BEST MIX OF STOCK (RETAIL \u2013 ACCESSORIES)\">Tips On How To Maintain The Best Mix Of Stock (Retail \u2013 Accessories)<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_right_choice_stock_is_related_to_the_vendors\"><\/span><strong>The right choice stock is related to the <\/strong>vendors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The product that you stock should identify your brand values and that also includes the vendors that you deal with. Whatever vendor a retailer is dealing with, the deal has to offer the right value for the investment. The process of vendor selection should be based not only on the quality of their products but also on their overall reliability and performance and this is an important step that every retail business needs to take. This will help the retailer to choose the right vendors and adjust the stock accordingly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_right_software_for_the_best_mix_of_stock\"><\/span>The right software for the best mix of stock<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In general, the more variety of stocks that a store offers higher overall inventory costs. The right assortment planning solution will help in providing the effective management of product data along with optimized product classification based on multiple categories. The software should help in effectively planning the stock changes based on the business strategies in the shortest possible time. It will also help in categorizing product into various subcategories, segments and sub-segments not only to optimize the floor space of a warehouse but also to make the best use of the shelf space in the stores.<\/p>\n\n\n\n<p class=\"has-text-color has-vivid-cyan-blue-color\">Also Read: <a href=\"https:\/\/blog.indifi.com\/tips-on-how-to-maintain-best-mix-of-stock-retail-mobile\/\">Tips On How To Maintain Best Mix Of Stock (Retail-Mobile)<\/a><\/p>\n\n\n\n<p>While good software is essential for the right mix of stock, the right level of training and skill development for the inventory management staff is another important step. Even the best software will not be of help if the staff are unable to work together to implement the tool in the best possible manner. So along with the investment in the right technology, the investment should also be directed towards developing the skills of the people who handle the technologies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Delivering_the_right_product_to_the_right_customer\"><\/span>Delivering the right product to the right customer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The best mix of stock has to be displayed in the right manner so that it creates an attractive picture in the eyes of the customer. Each merchandise should be properly displayed and mixed with others to visually attract the customer. The overall strategy behind the variety of stock depends a lot on the placement and positioning of products on shelves and it is generally estimated through a model termed as planogram. With the right mix of stocks and the right level of data, the planogram can fill the shelves in the correct pattern and provide the customers with just the items that they want.<\/p>\n\n\n\n<p class=\"has-text-color has-vivid-cyan-blue-color\">Also Read: <a href=\"https:\/\/blog.indifi.com\/tips-to-maintain-the-best-mix-of-stock-in-a-grocery-store\/\">Tips To Maintain The Best Mix Of Stock In A Grocery Store<\/a><\/p>\n\n\n\n<p>While there are other factors that influence the stock mixing strategies, these are basic ones that any retailer needs to get right. The correct interpretation of data to interpret the customer expectations and choice of vendors will help in framing the most effective strategy for stocking the store. At the same time, using the right software tools effectively will help the business to stay ahead of the competition and promote the brand in the most effective manner.<\/p>\n\n\n\n<p class=\"has-text-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/www.indifi.com\/business-loan-for-retail-store\">Apply Business Loan For Retail Store<\/a><\/p>\n\n\n\n<p>As compared to a standard business loan, a loan exclusively designed for retail store business offers a number of benefits. We work with several lending partners to provide the most number of options to you. You also get to select the loan tenure and repayment schedule for maximum convenience. The whole process of <a href=\"https:\/\/www.indifi.com\/collateral-free-business-loans-india\">applying for an unsecured loan<\/a>, getting it approved, and its disbursal happens online in the safest and quickest way possible.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past few years, the growth rate of retail business in India has been phenomenal and it is expected to touch the figure of INR 1.86 lakh crore in the current year. The healthy economic growth accompanied by the increasing disposable incomes and changes in customer tastes are factors that have contributed to this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[185],"tags":[290,242,289,45,159,287,157,214,158,240,149,148,315,46,238,236,239,371,291],"_links":{"self":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/2380"}],"collection":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/comments?post=2380"}],"version-history":[{"count":2,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/2380\/revisions"}],"predecessor-version":[{"id":3418,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/posts\/2380\/revisions\/3418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media\/2381"}],"wp:attachment":[{"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/media?parent=2380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/categories?post=2380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indifi.com\/blog\/wp-json\/wp\/v2\/tags?post=2380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}