Client was facing issues with high percent of dead stock. This resulted in lower profits, less rolling cash and at the same time acquire huge storage space that could be utilised. This was heavily affecting the sq.ft. ratio of the shop and had to bear additional costs to the business.
Studied internal and external buying behaviour. We set a few targets and milestones to remove old stock. We gave offers and schemes and put specific people to task. Now the inventory of old and slow moving stock is much under control. We have worked on System (SOP) on purchasing and inventory, which helped the shop to give maximum output of sq. ft ratio.
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Overstocked Inventory, Store Staff, Shrinking Margins, and Market Competition making you worry?
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