Phire Power

Category: Open To Buy

  • 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…

  • 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…