If you were a cookie distributor whose death by chocolate chunk confections were flying off of the shelves, there's no doubt you'd be up to date on inventory. Your scrumptious business depends on it.
The same applies to all businesses buying, selling and trading tangible goods. Do you know where your products are? Where they're headed? What's in stock? It's often overlooked in the hustle and bustle of fast-growth businesses--even in established companies. Here's why you need to make your move.
- Tells you what's in stock, what's on order, when it will arrive, and where it's going
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Buy new stock with research to back up and justify your order (can't you smell savings already?)
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Alert you to slow-moving products so you can plan promotions and move product from your distribution center to new customers
Types of Systems:
- Dollor Control Systems - Show cost and gross profit margins on individual inventory items
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Manual Tag - Remove price tags from products at point of purchase and compare with physical inventory you have sold
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Unit Control Systems - Physical inventory checklists
Inventory Solutions: Bar Code Labels
