Applying the 80-20 Rule to Managing Diamond Jewelry Inventory

Applying the classic 80-20 rule can help a retailer maximize the benefits from their diamond inventory. Sam Sandberg talks about the challenges facing retail profitability and cash flow. He defines what the 80-20 rule is, explains how it works, how it has evolved and illustrates how a retailer should apply the rule to the management of their diamond category.  Sam Sandberg is chairman of the A Jaffe Co, a Plumb Club Member, with over 30 years of experience as a principle of the company.