Methods to Improve Supermarket Inventory Management
There isn’t a single strategy that fits to apply to every commodity. However, you can utilize the following methods to improve the overall efficiency of inventory management.
Apply a better approach towards fresh and short-shelf life products.
There is a thin line to walk between shelf presentation and spoilage when it comes to fresh commodities. Fresh products, for example, require a more just-in-time replenishment model, whereas ambient items can be more cost-driven and space conscious. However, both must remain adaptable; otherwise, changes in demand will result in lost sales.
Manage each product individually
With an increase in the concentration of brands, handling items in stock so they catch customers’ eyes is essential in inventory management. Managing each product to its shelf life and demand shift is an integral part of inventory management in supermarkets.
Keep day-to-day records
Big returns come from perfecting small details. You can go about and organize data on a commercial scale, but perfecting raw data, in the end, is something that will give the big results that you desire.
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Website: https://ttf.ae/inventory-management-in-supermarket/