How to Manage Stock in your Jewellery Business With the Resilient Retail Club (podcast episode)
I am joined on the podcast this week by Catherine Erdly from the Resilient Retail Club. We’re going to be discussing how to effectively manage stock in your jewellery business. Catherine has been in the retail sector for two decades working with household names as well as independent start-ups. She is also a contributor for Forbes and has spoken at a number of trade shows.
Ep051. How to Manage Stock in your Jewellery Business With the Resilient Retail Club
With Catherine Erdly
I am joined today by Catherine Erdly from the Resilient Retail Club. We’re going to be discussing how to effectively manage stock in your jewellery business. Catherine has been in the retail sector for two decades working with household names as well as independent start ups. She is also a contributor for forbes.com and has spoken at a number of trade shows. A big welcome, we look forward to this conversation!
EPISODE RECAP
Stock management is something we need to think about for our business. Where do you even begin? (3:18)
What does a stock management system look like? (7:15)
What come after creating the master list? (9:10)
When it comes to physical product and where you keep it, how have you seen it work? (14:07)
You talked about managing stock in different places, what if we have a small stock in the first place? (16:02)
What about old stock? (19:00)
You talked about having a goal stock number. Is the figure you use for that goal the sales price or your cost? (23:35)
What is a stock take and how often do you do them? (28:14)
How much stock should you have? (32:12)
Are there any other areas of advice or common pitfalls you’d like to share? (36:00)
ABOUT CATHERINE
Name: Catherine Erdly
Title: Founder
Company: The Resilient Retail Club
Catherine is a small business retail expert, a Forbes.com contributor on the subject of starting and scaling a product business, a judge of the Good Retail Awards, on the Editorial Board of Modern Retail, featured as an expert commenter in national newspapers and radio, and a frequent writer and speaker on the retail industry at various trade shows and industry-led events across the country.
RESOURCES
Resilient Retail Club Instagram
Find Jewellers Academy on Instagram and Facebook
Thanks so much for listening.
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Thank you so much,
With love
Jess x
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