Keeping a stock room full of stock is costing you money.
Your stock room is full of the stock you’ve been convinced to buy from suppliers so it is not on their shelves.
We have a motto, “the shop is the stock”. We only keep fast-moving products like soft drinks and crisps in the stock room – other than that, all of our stock is on display.
It may be more time-consuming to be constantly restocking the shop floor shelves, but it protects your cash flow and ensures you do not over-stock.
A side benefit of only stocking to the shop’s capacity is that there is little or no wastage and less opportunity for products to go out of date before being sold.
This post is an extract from the e-book ‘So, you want to run a convenience store?’ by Peter Lamb. It is available for free download here.
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