Finding the right back stock count for your business isn’t an exact science. It’s a question that can easily keep you up at night…not to mention cost you thousands (maybe millions?!) of dollars. Like so many things when it comes to demand planning, it’s a bit more complicated than a one-size-fits-all answer, but we’ve compiled some best practices for inventory planning right here.

Holidays in June?! In retail, the earlier you start planning for the holiday season, the more set up for success you’ll be. (Sorry, procrastinators—but waiting on this one could drastically harm your business!) Is your business ready for the holiday season? Here’s a checklist of demand planning and inventory forecasting steps you need to take.

While there’s no perfect one-size-fits-all formula to setting a pricing strategy, there are a number of factors to consider before finalizing that price tag. Below we dig into all the factors to take into consideration before pricing your product, so you find your profits in the black and your excess inventory in perfect balance.

In this article, we’ll explore the most common mistakes that lead to excess inventory, along with solutions for recouping as much of your lost cost as possible. But if you take nothing else away from this article, we hope it’s the fact that excess inventory doesn’t have to be an inevitability. With the right sales and planning tools, you can confidently plan for seasonal sales, analyze inventory data, and recap performance efficiently, so you never wake up in a cold sweat again!

Anyone in retail will tell you, demand planning is an essential function to master—so much so, that it can make or break your business.

Demand planning is a process used by businesses to prepare for customer demand while minimizing excess inventory and disruptions to its supply chain. In its simplest terms, demand planning is your best educated guess of how much product you will sell to your customers.

When you’re getting a new business off the ground, it feels like at any moment, the next expense could bankrupt you.

At every turn, it feels like somebody is trying to get a piece of your profit, but you know that there’s also some truth to the old adage, “You’ve got to spend money to make money.” At Boon, we’re intimately familiar with what it’s like during those crucial early stages and know that bringing on a consultant can feel like an extravagance. If you know you need help with your sales and merchandise planning, but are worried the cost may outweigh the benefits, we’re here to prove that expert support can take your profit to the next level.

With the new year comes a lot of reflection on where your business has been and where you’re hoping it's headed. For all of us at Boon, we’re thinking about the amazing businesses we’ve helped grow since 2017 and which future clients are set for explosive growth next. From helping businesses launch their product in national chains to supporting teams through internal change, we’ve seen it all when it comes to inventory and sales planning. Is 2024 the year we help you take things to the next level?

If your business isn’t performing quite the way you want, or even if it’s performing great and you want to keep it on track, you can’t assume things will just get better on their own. You need to be proactive - recapping your sales performance gives you the insight to make that possible.

The follow up article about knowing your numbers. This post focuses on inventory related metrics and KPIs every retailer should be aware of to drive results in their business.

In this article, we’ll dive into what it really means to “know your numbers,” explore the key performance indicators (KPIs) every retailer should be aware of, and highlight the challenges that can arise if you’re neglecting your spreadsheets.

Retailers! Are you ready for the holiday season? Read our most recent blog post and make sure you’re avoiding this common missteps.

As brands scale, inventory decisions get harder — and more expensive to get wrong.

Sales rarely follow plan. Forecasts drift. Suddenly you’re either sitting on excess inventory tying up cash, or scrambling to restock bestsellers you didn’t buy enough of. For many growing retail and DTC brands, this tension shows up as reactive purchasing, unreliable forecasts, and constant second-guessing of buy decisions.

Open-to-buy planning is designed to solve exactly this problem.

An open-to-buy (OTB) plan connects your sales forecast, inventory levels, and purchasing strategy into a single, living view. It helps you adjust buys as demand changes — before overstocks, stockouts, or cash-flow issues derail the business.

In this post, we break down how open-to-buy planning works, the inventory and forecasting metrics behind it, and why scaling brands rely on OTB to replace guesswork with control as complexity grows.

Discover how working with a merchandise planner can help you get the most out of your demand planning software and create the ultimate demand plan.

Ready to add a demand plan to your retail strategy? Here are 3 things you need to know on why outsourcing it to the experts can make your plan more effective!

Learn these 5 common forecasting errors and how to avoid them with an inventory planner. Boon’s merchandise planning can give your business a competitive edge!

Inventory forecasting and demand management help you achieve your financial goals. Let Boon help you alleviate the stress of inventory management planning!

A strategic demand planning process is crucial to retail success. Perfect your retail business’s inventory planning with these three demand planning methods!

Learn how to better predict sales and make informed decisions for your retail business by leveraging these effective sales forecasting tools.

One of the most important parts of running a successful retail business is recapping your sales and utilizing your data to make better assortment decisions. The insight available in your sales and inventory data will determine which products you should reorder and chase inventory on and which items to mark down and move on from.