Category: Product Management

product management

Why Does Product Management Need A Matrix?

“ChainDrive’s power tool, the matrix, centralizes and facilitates the complexities of supply chain management throughout the product lifecycle, providing you with all the necessary tools you need to effectively manage your most valuable asset,...

product management

Expect The Unexpected In Product Management

It isn’t difficult to visualize the task of product management as a challenge similar to the classic puzzle cube. Every decision made concerning inventory has ramifications, and choosing one strategy changes what happens in...

8 Tools In Your Product Management Toolbox

You can’t do a good job without the right tools. When an expert begins to solve challenges, that expert usually reaches for tools designed specifically for the job. Mechanics use specialized tools, cabinetmakers use...

Reporting and Analysis Need The Right Tools

Product management is an important part of retail. But in order to manage the inventory in your store, you need to be able to track the real-time location and status of all the products...

key performance indicators

4 Ways Out Of The Price Management Box

Sometimes figuring out the best pricing strategies in today’s retail marketplace feels like being in a box because inventory must be optimally priced in order to move. There can’t be prices too low since you...

retail merchandising

Is Your Product Management Art Or Science?

Figuring out what to stock and when to stock it used to be an art for the retailer. The art of retail product management was developed by experience and observation over time and paid...

retail merchandising

Are You Making These Common Product Management Mistakes?

What’s the big picture with product management? It’s the plan that keeps you from making mistakes like overbuying some products and not buying enough of others. It should incorporate all the strands of your...

The Three Time Zones Of Product Management

The Three Time Zones Of Product Management

When you reduce retail down to one thing, that thing is your product. Every other aspect of the retail industry is useless without that, right? So it makes sense that product management would be...

Manage Your Seasonal Footwear Specials

Manage Your Seasonal Footwear Specials

This is the time of year when retailers start receiving their spring stock and promoting their spring specials. Are you set up to do that properly? As a footwear retailer, you need a way...

How Are You Managing Your Products?

How Are You Managing Your Products?

Product management is one of the critical tasks for any retail operation. There are a lot of factors that influence price, and you need to make sure you’ve got the right product in the...

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