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How often should you place stock orders with a supplier?
Suppliers generally have minimum order requirements which retailers need to comply with, especially if they want to sell their products at competitive prices. The supplier’s order requirements might include a minimum order value, a certain number of packs, boxes or pallets, or it might be that you need to order a full truckload or container…
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Buying Stock & Staying Under Budget
The ability to set, and stick to, a stock buying budget for your business, can be pretty simple. It should only take a minute or two to update each day and it should add tens of thousands of dollars to your bottom line over the course of a year, depending on your stock levels of…