Background

In 2018, I was working at Goop, an ecommerce company that sells lifestyle products both online and through physical storefronts.

We were using Lightspeed software for data analysis and operations management. However, we noticed that the company was receiving too many products that weren’t selling enough.

Problem

The problem was inventory turnovers. Goop was receiving too many products that weren’t selling enough. This led to excess inventory and operational inefficiencies. The company needed a solution to optimize their inventory management and increase sales.

Solution

As Stock Manager, I implemented a new inventory management system that focused on data-driven decision making. We analyzed sales and inventory patterns to determine which products were selling well and which ones weren’t. Based on this analysis, we adjusted our purchasing strategy to focus on high-performing products while reducing purchases of low-performing ones.

I presented my findings to the company, where they promoted me to Operations Associate soon after.

Impact

Decreased inventory turnover
Increased monthly sales

Excess Inventory Turnover Discovery