Here are my top five tips for running inventory:
Tip 1) It’s time to get organized
Why not run a report and review your items that you have on hand and actually look at the things you need to delete or remove from your list so that you know it’s current?
Tip 2) Let’s have a look at pricing
Look at what your pricing point is when you purchase your item and what your sale price is when you sell it and make sure that you’ve got the correct margins set. After all, we’re all in small business to make some money.
Tip 3) Run regular reports
This is really great so that you can keep an idea of what’s going on with what your stock levels are It’s always really useful to have those items on hand so that you can have them available to sell. It’s all about keeping our customers happy
Tip 4) It’s all about efficiency
Why not take this opportunity now to review your process from when you purchase your item to when you sell it to make sure that the process is effective and efficient. After all, time is money.
Tip 5) If you think you might need some help, then why not talk to your advisor and help them to give you some assistance on implementation and what types of reports you can run?