Inventory is often the biggest expense for a retail business. Optimizing it is the key to improving cash flow and profitability.
The 80/20 Rule
Also known as the Pareto Principle, typically 80% of your profits come from 20% of your products. Identify these top performers and ensure they are never out of stock.
Automate Reordering
Stop guessing. Set reorder points based on your lead time and sales velocity. Let your POS system handle the math so you don't run dry or overstock.
Conduct Regular Audits
Discrepancies happen. Whether it's theft, damage, or data entry errors, regular physical counts (cycle counting) help keep your digital records accurate.