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MANAGEMENT SPACE MANAGEMENT

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INVENTORY TURNOVER

INVENTORY TURNOVER

Space management is the planning, categorizing, and improvement of physical space within a retail store. It entails determining the most effective way to use available floor space to showcase products and create an appealing shopping environment for customers. Space management seeks to maximize sales and profits by ensuring that the right products are in the right place at the right time.

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The key steps to space management include:

Planning & Design

This entails designing a store layout that makes the best use of available space while taking into account factors such as product categories, traffic flow, and customer demographics.

Category Management

This entails categorising products and determining the best location for each category within the store.

Display Management

This entails creating eyecatching displays that highlight products and encourage customers to buy.

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