Keeping inventory from going stale isn’t just a problem faced by retailers that sell food and other perishables; it’s also essential for the furniture industry and many other industries with products that have seemingly long shelf lives.
According to Jerry Epperson, a furniture-industry analyst, keeping inventory fresh is essential to get customers’ attention and improve sales. This is from the article “Ready to buy: Analyst says fresh inventory is a must for retailers.”
The problem is that if consumers come into a store several times and find the same inventory time after time, they will eventually stop going to that store for what they’re looking for. To prevent this, retailers need to get creative.
One of the most cost-efficient ways to avoid stale or out-of-season inventory is to use inventory management software. With inventory management software, small businesses can track their inventory every step of the way from first order to final sale.
They can also anticipate product outages and overstocks, and make the necessary changes to avoid both. Good inventory system software can do all of this automatically, saving companies a great deal of time and money.
Small businesses that use QuickBooks can also use QuickBooks inventory management software to help them even more. This makes inventory management and the accounting process much simpler.
Fishbowl is the most-requested QuickBooks software add-on. It’s an excellent resource for small and mid-size businesses hoping to take advantage of cutting-edge inventory management software.