Tip 12: Track your inventory regularly

Tip 12

Adding a daily or weekly task to check your inventory is important to assure that you can meet your customers demand. If you are able to stay updated on what products are popular and has a tendency to get low, you make want to make sure you have proper checks in place such as alerting and physical inspections to be ready to re-order before your stock is completely out.

Understanding when you order to replenish your inventory and when you will receive products is also important to understand so you can be timely in making sure you have items available for you to sell without the customers being inconvenient due to lack of inventory. Being proactive is the key to maintaining inventory and balancing expenses to assure you are capable of keeping what you sell in stock.

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