DEMDACO

Running a retail business can be stressful. A poorly managed inventory can be an unnecessary annoyance, especially for larger companies that carry thousands of items. Inventory management is essential to ensure that products are in-stock, overselling does not happen, and overstocking is rare. Good inventory has little holding in the back and can save money and time that can be spent on other ventures like marketing. Here are a few ways to stay on top of inventory by employing strong management skills. Setting Par Levels Par levels are the minimum amount of product that needs to be in stock at all times. When stock dips below the par level, there should be a predetermined notification through inventory management software to order more. Depending on how fast and how often the stock dips below par level, ordering the minimum amount to get comfortably above par levels ensures staying ahead of the game while not keeping too much in stock. Do some research when setting up par ...

Finding the right products to fit a retailer’s brand can be a challenge but locating the best wholesaler to make and provide these products can make doing business easier. Online shopping seems to be exclusively focused on the business-to-customer relationship today. Using a wholesaler to break up the supply chain structure from manufacturer to retailer can resolve issues for both the wholesaler and the retailer. While the supply chain is not strict, finding the right supplier, manufacturer, wholesaler, and retailer is a detailer process that can be intimidating but rewarding when set-up correctly. A wholesaler serves as a middleman between the manufacturer and the retailer, making it easy to buy specific items in bulk that fit the brand of the retailer. Depending on the product, experienced wholesalers can focus on quality wholesale gifts and other products with a volume that satisfies retailers’ needs. Developing relationships with wholesalers can be helpful fo...