Friday, February 12, 2010

Weed Out Your Inventory!


Inventory is expensive to carry, especially with credit as tight as it is now. Identify those products that are not selling and concentrate your inventory investment in fast-moving items. As you “weed the garden”, consider adding new items to your product mix that can boost your take-home product sales. Look at your take-home product sales as a percentage of total sales as well as total sales….this percentage should be increasing as you trim slow movers and add newer faster-selling items.

Gordon Logan, Sport Clips