Manage Inventory Aggressively

 

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  YOUR TIP FOR FEBRUARY 14, 2011  
 


Think of aged inventory as plaque in your arteries. It restricts your cash flow.


WHY? The vivid metaphor shows you how important it is to get old product out of your store. To boost turn and start generating cash flow, you must manage inventory aggressively.

HOW? There are short-term actions. And there are long-term actions. Work down the list until all your store's so-called "arteries" are clear.

SOURCE: Sally Furrer

Check out more of Sally Furrer's product tips, merchandising tactics and free checklists here, then see her live at the 2012 SMART Show.

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