Tag Archives: Inventory

Inventory is low, low, low…Now what?

By Matt Sellhorst Here’s a conversation a serious boat buyer shared with me the other day: He was searching for a 22- to 24-foot tri-toon with 150hp in a few of the mid-price range brands in the Midwest. As you can imagine, his search was coming up empty in an effort to get on the water this summer. A particular ...

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Sales continue to rise as inventory dwindles

By Adam Quandt As the COVID-19 pandemic continues to dash traditional vacation and summer plans, consumers are hungry for a new form of entertainment and recreation. The latest sales data shows that many are flocking to the water as their vacation close to home. The newest report from the National Marine Manufacturers Association (NMMA) tells of a sharp rebound for ...

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How the best dealers manage turns

Over the last decade the boating industry has seen both sides of the inventory challenge.  In the 2007-09 period, we saw dealers stuck with way too many boats when the housing market – and then the rest of the economy – crashed. With dealers dropping left and right and consumers defaulting on loans, excess inventory and repossessed vessels flooded the ...

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Automate your inventories to stay competitive

The grocery industry and the boating industry are, on the surface, completely different from one another. After all, one is a need-based industry while the other is want-based. However, there is a lesson we can learn from the grocery industry’s resistance to change. According to an article in The Washington Post, the typical manager of a food retail shop is ...

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Regifting

By Peter Granata, president, Granata Design and the Marine Design Resource Alliance -- December 17 is National Regifting Day. For those of you not familiar with the practice of regifting it is described as the act of taking a gift that has been received and giving it to somebody else, sometimes in the guise of a new gift. To paraphrase ...

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Control inventory?

It's no secret that matters affecting inventory are highly sensitive subjects these days. Just this morning, as an example, we've had three e-mails cross our screens related to inventory issues. The first was a boating business service provider who said our recently released inventory management e-white paper didn't drill down deeply enough. The second was an industry-leading dealer who suggested ...

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