BEFORE: The problem with stock that does not sell is that it slowly reduces your capacity to sell and make profit. You have your money tied up in it, plus any bank interest, plus cleaning , plus counting. Over time the situation will only become worse with wear and tear of handling, faded packaging and newer products replacing it , basically last years model.
SOLUTION: The sales information coming back in real time from the tills will enable you to make more informed buying decisions. The reports identify slow sellers,promote this at special offers to get your money back. The reports will also show you your best sellers, and these are the items to buy as they will sell more (stock turn) and each time be adding profit. Should you hold out for the original price, you can do , but a best seller will have sold two or three times. If the stock sells its likely can carry a bit of range to make a visit more appealing.
BENEFITS: Now that you have been able to clear the excess stocks you are now in a position to concentrate on what is moving and ensuring you have enough stock to keep up with demand. The increase in sales is not only meaning you have money to spend but the increase in stock turnover is meaning the profit is swelling the pot so less finance is needed.
Epos till provide better information on best and worst sellers
Purchase ordering with accurate stock and sales figures
Tills handle promotions to clear old stock and sell more
Stock availability in storage locations and other branches
Radio handsets allow rapid stock counting
1 - Too Much Stock
2 - Low Profit Margins
3 - Customer Service
4 - Till Speed and Accuracy
5 - Management Information
6 - Better Marketing
7 - Working Practices
8 - Labelling and Signage
9 - Wastage and Stock Loss
10 - Staff and Security