Tips to manage inventories in Retail Business

• Managers need to be the part of the process of ordering the new inventory
• Keep as much product on the sales floor as possible
• Count the inventories regularly
• Stock summary in MAXX will helps to track the items periodically and even helps to track the best selling items and worst selling items
• Keep the newest manufacture product behind the oldest product which helps to sale the oldest product first
• Walk your store daily and check which items are selling regularly
• It’s better to work on the cause and resolve it rather than working on rectification measures after issues occur.

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