How to Manage Inventory at a Convenience Store
- 1
Review inventory reports regularly.business report image by Christopher Hall from Fotolia.com
Buy the right products. Review stock reports obtained from your perpetual inventory system on a weekly basis to identify any items that are not selling well. Choose new products to take the place of these items. Identify products which sell faster than you can restock them and make more room for those particular items. - 2
Use a POS system that reorders items as they sell.teddy bear on sale in a toy store image by Gary from Fotolia.com
Purchase the correct quantities. An effective POS system will automatically reorder a replacement item as soon as a particular item sells. For instance, if a customer buys three bottles of a particular brand of soda, your system will automatically reorder three bottles of soda to replace those that were just removed from inventory. - 3
Review actual stock levels to ensure they match what your system says you have.oranges image by Catabu from Fotolia.com
Check actual stock levels on a regular basis to ensure the numbers in your system match those on your shelves. At least once a week, do a spot check of at least five different items in your store to make sure the actual quantity you have on hand matches what the inventory system says you have.
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