September 2024 - 6

INVENTORY MANAGEMENT
Mitigating
shrink
A look at how to improve bottom line,
maximize profits in the nursery
BY KRYSTAL FLOGEL
W
hile the World Health
Organization declared
that COVID-19 is no
longer a global health emergency
over a year ago, the pandemic had a
massive impact on the green industry
and triggered ripple effects on the
economy and the labor market that
we're still feeling today.
After two seasons of pandemicfueled
growth, most growers took a
more modest approach to production
in 2022 and 2023, holding the reins
even tighter this season as focus
moved to ways of decreasing input
costs and increasing margins.
Customers have become more
discretionary with spending in the
face of inflation, and the last thing we
want to do is overproduce and wind
up with excess inventory that can't be
turned into dollars.
As we all seek to improve our
bottom line, reducing shrink is key to
6 SEPTEMBER 2024 GPNMAG.COM
All photos courtesy
of Mariani Plants
Potting with larger liners
whenever possible allows us to
turn crops faster and reduce the
number of touches needed.
maximizing profits and cutting
down on waste.
FINDING THE RIGHT MIX
One of the questions growers
are most commonly asked is: " How
do you decide what to grow? "
The answer to this can vary widely
from one company to the next, but
it's often dictated by a combination of
customer demand, consumer trends,
geography, availability of liners, ability
to grow certain plants and company
philosophy. The individual tastes and
preferences of growers and managers
also play a role in the decisions.
Regardless of the formula used to
develop production plans, finding the
right product mix is a fundamental
first step when it comes to reducing
shrink in the greenhouse industry (or
any type of business, for that matter).
Ultimately, the goal is to develop
a product mix that allows us to
maximize sell-through while
minimizing risk. When we think
about risk as it relates to nursery
production, overproduction typically
comes to mind first. Whether it's
growing too many of a specific variety
or growing more plants than we can
sell in a single season, overproduction
negatively impacts margins.

http://www.GPNMAG.COM

September 2024

Table of Contents for the Digital Edition of September 2024

Table of Contents
Editor's Report | Strolling through flowers and favorites
Inventory Management | Mitigating shrink
Trends | Blossoming innovations
Variety Information | Captivating combos
Plant Health | Plant breeding and pest management
Trial Garden Report | Brilliant blooms in North Carolina
Big Grower | Growing to a higher standard
Big Grower | Product Showcase
Great Lakes EXPO | Connecting innovation and education at the Great Lakes EXPO
Forty Under 40 Perspectives | Local propagation is the future
Culture Report | Rex begonia
Product Marketplace
Classifieds/Ad Index
September 2024 - 1
September 2024 - 2
September 2024 - Table of Contents
September 2024 - Editor's Report | Strolling through flowers and favorites
September 2024 - 5
September 2024 - Inventory Management | Mitigating shrink
September 2024 - 7
September 2024 - 8
September 2024 - 9
September 2024 - 10
September 2024 - 11
September 2024 - Trends | Blossoming innovations
September 2024 - 13
September 2024 - 14
September 2024 - 15
September 2024 - 16
September 2024 - 17
September 2024 - Variety Information | Captivating combos
September 2024 - 19
September 2024 - 20
September 2024 - 21
September 2024 - Plant Health | Plant breeding and pest management
September 2024 - 23
September 2024 - 24
September 2024 - 25
September 2024 - 26
September 2024 - 27
September 2024 - Trial Garden Report | Brilliant blooms in North Carolina
September 2024 - 29
September 2024 - Big Grower | Growing to a higher standard
September 2024 - 31
September 2024 - 32
September 2024 - 33
September 2024 - 34
September 2024 - Big Grower | Product Showcase
September 2024 - Great Lakes EXPO | Connecting innovation and education at the Great Lakes EXPO
September 2024 - 37
September 2024 - Forty Under 40 Perspectives | Local propagation is the future
September 2024 - 39
September 2024 - Culture Report | Rex begonia
September 2024 - 41
September 2024 - 42
September 2024 - 43
September 2024 - Product Marketplace
September 2024 - 45
September 2024 - 46
September 2024 - 47
September 2024 - 48
September 2024 - 49
September 2024 - Classifieds/Ad Index
September 2024 - 51
September 2024 - 52
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https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-july-2023
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https://www.nxtbook.com/greatamericanmediaservices/GPN/april-2023
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https://www.nxtbook.com/greatamericanmediaservices/GPN/2023-guide-to-hemp-production
https://www.nxtbook.com/greatamericanmediaservices/GPN/march-2023
https://www.nxtbook.com/greatamericanmediaservices/GPN/february-2023
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-january-2023
https://www.nxtbook.com/greatamericanmediaservices/GPN/january-2023
https://www.nxtbook.com/greatamericanmediaservices/GPN/2023-guide-to-cannabis-production
https://www.nxtbook.com/greatamericanmediaservices/GPN/november-december-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-october-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/october-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/gpn-new-varieties-digital-guide-2023
https://www.nxtbook.com/greatamericanmediaservices/GPN/september-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/august-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-july-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/july-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/june-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/may-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-april-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/april-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/march-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/february-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/cannabisguide-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/hempguide-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/newvarieties-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-january-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/january-2022
https://www.nxtbook.com/greatamericanmediaservices/GPN/december-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-november-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/november-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/october-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-september-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/september-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/august-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-july-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/july-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/june-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/may-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/april-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-march-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/march-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/february-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/cannabisguide-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/hempguide-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/newvarieties-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-january-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/january-2021
https://www.nxtbook.com/greatamericanmediaservices/GPN/december-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-november-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/november-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/october-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-september-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/september-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/august-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-july-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/july-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/june-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/may-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/april-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/californiaspringtrials-2020
https://www.nxtbook.com/greatamericanmediaservices/GPN/big-grower-march-2020
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https://www.nxtbook.com/greatamericanmediaservices/GPN/may-2019
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