Stocktaking key focus lines before the busy period
08 November 2024
As we approach one of the busiest times of the year, it’s vital that stock levels are in perfect shape to meet customer demand and keep everything running smoothly.
Stocktaking is key to ensuring you’re prepared, reducing discrepancies, and maximising sales potential.Key areas to focus on when preparing for a stocktake, to stay on track:
- High-Turnover Items: Keep the Shelves Stocked.
- Ensure top-selling products are counted and stocked correctly.
- Stock up on seasonal goods, as they can drive footfall and encourage impulse purchases.
- Double-check stock levels on any products tied to promotions or discounts.
- Critical Reorder Points: Avoid Running Out.
- Replenish low stock items to avoid any last-minute rushes.
- Anticipate any potential supply chain issues for delays and adjust your restocking plans accordingly.
- High-value products are crucial to your profit margins. Accurate stock counts will prevent losses and help with sales forecasting:
- Ensure luxury items are fully accounted for to minimise shrinkage and avoid missed sales.
- Make sure any high-demand products are well-stocked and secure.
- Identify and clear out any slow moving stock.
An accurate stocktake is essential to ensuring you’re ready to serve your customers efficiently, while also minimising the risks of overstocking or running out of key lines.
This is where Orridge can help. Let your staff do what they do best and use our highly trained stocktaking team to do the rest.
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- 22/03/2024 - The Bare Necessities of Stock Accuracy.
- 09/02/2024 - Dedication to Distribution
- 14/08/2023 - Iceland Case Study
- 08/08/2023 - Stocktaking
- 07/07/2023 - Simplify Supply Chain Optimisation (S.C.O)
- 02/06/2023 - The Pharmacy Show
- 05/04/2023 - Stock Accuracy Forum
- 15/03/2023 - Retail Risk Podcast
