{"id":1398,"date":"2021-03-20T05:58:51","date_gmt":"2021-03-20T09:58:51","guid":{"rendered":"https:\/\/www.saudercpa.com\/blog\/?p=1398"},"modified":"2021-03-19T19:13:38","modified_gmt":"2021-03-19T23:13:38","slug":"how-retailers-can-navigate-inflations-hazards","status":"publish","type":"post","link":"https:\/\/www.saudercpa.com\/blog\/2021\/03\/20\/how-retailers-can-navigate-inflations-hazards\/","title":{"rendered":"How Retailers Can Navigate Inflation\u2019s Hazards"},"content":{"rendered":"

Preface: Navigation during times of inflation for business owners is often not as easy as adhering to textbook models. Yet with the right a toolkit of management knowledge you can reduce the risk of indecisive or wrongly assumed decisions on\u00a0 both inventory management and pricing on changing costs of sales. The following blogs from 2008 provides a historic perspective on re-emerging inflation hazards.<\/em><\/p>\n

A Precarious Road: How Retailers Can Navigate Inflation\u2019s Hazards<\/h3>\n

That new thinking can begin with inventory. According to\u00a0G\u00e9rard Cachon, a professor of operations and information management, from the 1990s to 2005, minimizing inventory was seen as a key to success. \u201cThe whole mindset has been, \u2018Let\u2019s get rid of it.’\u201d But that was when most prices were stable or declining. Today, he says, it\u2019s not as clear that this is the best strategy. In fact, some retailers may want to start holding much more inventory than they did in the past as a way to hedge against future price increases. \u201cOf course \u2026 it\u2019s a little risky to hold inventory that might [lose value], especially perishable goods and fashion-oriented goods\u2026 but to the extent [retailers] know that prices will be rising over time, they will start to try to hold more inventory.\u201d<\/em><\/p>\n

…….Grocers typically put more emphasis on their store brands during an inflationary period as a way to offer the customer a better deal without cutting into their own margins, he explained. <\/em><\/p>\n

…….As complex as some of these adjustments might seem, Cachon is confident that retailers will adapt more quickly than in previous inflationary periods, such as during the 1970s oil shocks. He says retailers now have much more information because of bar coding and other technologies that allow them to track their goods from suppliers to the checkout line. \u201cRetailers are much more flexible and agile than they used to be.<\/em><\/p>\n

Read the entire article here:<\/em><\/p>\n

A Precarious Road: How Retailers Can Navigate Inflation\u2019s Hazards<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Preface: Navigation during times of inflation for business owners is often not as easy as adhering to textbook models. Yet with the right a toolkit of management knowledge you can reduce the risk of indecisive or wrongly assumed decisions on\u00a0 both inventory management and pricing on changing costs of sales. The following blogs from 2008 … Continue reading “How Retailers Can Navigate Inflation\u2019s Hazards”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1398"}],"collection":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1398"}],"version-history":[{"count":3,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1398\/revisions"}],"predecessor-version":[{"id":1401,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/1398\/revisions\/1401"}],"wp:attachment":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}