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Tips for Managing Unsold Trading Stock

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Tips for Managing Unsold Trading Stock

Merchandise stock needs special attention both with fast-moving and slow-moving status. Suppose the supply of goods is in a fast-moving group, of course. 

In that case, the concentration of entrepreneurs will revolve around fast procurement techniques, stock maintenance, and inventory control that ensures the availability of the merchandise. 

Then what about the goods that come with slow-moving status or less and don't even sell? It's a risk for someone who trades, including stock merchandise that doesn't sell for a long time. 

A situation like this usually requires a breakthrough and creativity so that can sell the merchandise and if it can sell well. Requires brilliant thinking in treating slow-moving, slow-selling stock.

In a large business, the stock must be minimal. Why should it be minimal? Because stock is dead money that must rollback. Let's imagine if your stock of goods accumulates in the warehouse, indeed the opinion of those who as business owners themselves will feel sad. It should be money instead of unused goods.

It certainly does not want to be experienced by other companies. For this reason, an entrepreneur must know how to sell products quickly or those that don't sell well. Of course, it takes tips and tips to carry out a breakthrough like this successfully.

Tips for Managing Unsold Trading Stock

Here's how to sell stock items with slow-moving status, even if they don't sell, as follows:

1. Changing the Display

The point is to rearrange or change the product's location to be sold. It could be that the products sold are not sold because potential buyers or consumers do not touch the area. 

Here, entrepreneurs can change or put it in a more strategic place to provide a unique display.

2. Giving or changing discounts

Consumer interest factors are usually based on consumptive factors and can also be seen from the price factor. Every price game in the eyes of consumers can be a comparison and can be an option for consumers. Providing discounts to additional discounts on products with slow-moving status can be an alternative.

3. Propaganda with advertising 

The point is to try to advertise the product that does not sell alternatively. It could be that here, the buyers who come to the store but do not know the advantages or advantages of the product that is not selling well. 

It can be a way out to encourage the sale of these products—for example, a laundry room ad theme.

4. Reverse Auction

Here you conduct an auction for a product that is not selling well. For example, there are booths selling helmets, and the products offered are bound not to sell well. 

It does not sell well, not only from customers who do not come, but it is possible that the models offered are not following what is expected.

Here you can use the Best Auctions. For example, a helmet is priced at IDR 240,000, and at an auction, you offer it at IDR 200,000. If it still doesn't sell well, you can reduce the price again until the product you offer is sold.

5. Putting special prices up to capital or below the capital

It is possible to partner with products that are selling well; if you buy products that are selling well, you can buy the stock of these items at a special price or campaign.

6. Maximizing the role of the sales department 

The sales department is at the forefront of successfully attracting consumers to buy a product. Maximizing the sales department in propagating or working on slow-moving and unsold products needs to be a concern.

7. Seeing the possible share of the target market

Maybe the product is not targeted at the market in the storage area location that the entrepreneur has; think about and re-analyze the potential target market for the product. 

If necessary, establish cooperation with partners or entrepreneurs with similar businesses in the relevant target market who want the product.

Manage Merchandise Well

Tips for Managing Unsold Trading Stock

The expiration date on the product you just bought is something to be aware. Especially if you are a modern grocery store owner who sells goods to consumers in need.

Do not let you sell goods that have expired because, apart from being dangerous, the store you have must no longer be trusted by consumers.

Therefore, you are strongly encouraged to manage the items you sell at your grocery store well. So that expired goods are not a cause of loss for your store business.

To find out how to manage merchandise properly, see this article further:

1. Perform the FEFO Method

The FEFO method (First Expired First Out) is a system for managing goods by removing the goods with the closest expiration date to come out first. Products with short expiry dates will be placed at the front to be picked up first.

Meanwhile, they can store products with long expiry dates in warehouses. In this way, you don't have to worry about the goods you sell, not the cause of losses because the expiration date has passed.

 2. Arranging the layout of your item

Also, you need to consider the layout of the items you display in your shop window. Ensure items or food and beverages that have an earlier expiration date are placed in the earliest or front row so that they are easier for buyers to pick up and faster to finish.

3. Checking the stock of goods regularly

The stock of goods owned by your store needs to be checked regularly, whether it is necessities or food or drinks in the warehouse and the storefront.

You do this so that you as a seller can find out in detail the stock of goods that have expired or are close to the expiration date. 

You can check inventory once a week. Don't forget to make a list of expiration date information about the items you sell so you don't forget.

Those are some tips and tips that can be a good strategy as a solution to deal with and treat slow-moving and unsold products for the business being built. 

Make sure the entrepreneur's control is focused on the stock procurement department to stop and reduce the recurrence of procurement for these unsold goods.

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