Do You Know Where Your Inventory Is?


 

We all know that not everything we buy sells well to the consumer. And of course, some merchandise sells faster, or slower, depending on which store it’s in. Fast or slow, the reason may have something to do with the customers shopping at the location or it may be management and sales ability. Only you have the answer to that.

Keep on top of inventory levels, at each location, using reports, your eyes, some gut feel and some solid input from Store Managers. Of course, you’re busy right now but if you think you might have inventory issues (and you probably do) then drilling down on inventory is time well spent. You have a small window of opportunity to move merchandise around to make sure it is in the right place. You don’t need to spend countless hours on this – it’s a pretty simple process for anyone who knows what they’re looking for and, if you spend plenty of time in the field, you do.

Weigh the costs involved with moving merchandise to a place where it will sell better against the costs of servicing the inventory that sits and collects dust because it was not where it needed to be when there was an opportunity to move it. You know how it goes… you snooze, you lose!

All the Success!!

DMSRetail

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