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5
New Item
mANAGEMENT
THE OPPORTUNITY:
Become strong in a commonly poor area of inventory
journey
The
EDUCATION
ANALYTICS
GUIDANCE
EDUCATION
3X APPROACH:
If New Items are 5% of your mix, then make them 15% of your time invested
EMBRACE A NEW APPROACH
PITFALLS TO OVERCOME
1
ASSUMING NEW ITEMS WILL EVENTUALLY CATCH UP
2
FAILING TO USE PROVEN COMPONENTS
DURING INITIAL SETUP
3
LOOKING AT NEW ITEM INFO TOO INFREQUENTLY
4
NO UNIQUE NEW ITEM STRATEGY & ACCOUNT-ABILITY
5
LACK OF COLLABORATION TO ACCESS KNOWLEDGE OF PARTNERS
ANALYTICS
NEW ITEM DAILY EXCEPTIONS: Give these a try
FIND YOUR DASHBOARD: Dashboard Code Here
GUIDANCE
NEW ITEM SETUP FLOWCHART: New Item Component Guide
NEW ITEM COLLABORATION: Ideas for a team effort
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