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How to store inventory management

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Invoicing store is to be carried out the operation of the entire chain, is the source of purchase, inventory management is the core, no matter how good into, how low the cost of goods, if this link in inventory management did not do, it will greatly affect sales profit, and even eat all the gross margin, in front of efforts to become vain. Therefore, in this part of the store inventory management concerns and to give great execution. One associated with the concept of inventory management Where, A commodity stock level of service should be up to 99.5%; B commodity should reach 97%; C class of goods should be over 94%; D commodities should study the causes and find ways to eliminate this cause. Second, the inventory management aspect of the responsibilities of various departments and personnel Since inventory management is so important, then the inventory management of this work, take what the various departments of the duties? 1. Procurement (1) responsible for controlling the order of the items. 1) new (test marketing, not greedy.) 2) Cash or account of a short commodity. 3) The tight supply items. 4) promotional materials (sales of the earlier estimate of 1 / 3). 5) other towns commodities. 6) The life cycle is short or short-season merchandise. (2) is responsible for cleaning up slow-moving products. 1) Return. 2) replacement. 3) Clearance (be careful gross profit loss). 2. Store operations (1) is responsible for inventory control and sustainable order items. 1) Sales items (normal supply of goods). 2) Sustainable order items (stores the previous world list). (2) is responsible for ordering, more than 95% of items ordered by the stores. 1) stores daily contact with customers, a better understanding of customer needs. 2) store replenishment time, a better understanding of order requirements. 3) buy at any time customers can take an emergency order. Third, the impact of inventory is too high or too low If the inventory is too high, it will occupy in the capital, storage costs, loss of goods to bring about the problem and will increase management costs and difficulty. (1) cost of funds (1% / month): Interest expense. (2) storage costs (1% / month): space costs and transportation costs. (3) risk of loss of goods include the following. 1) Goods expired or off season. 2) commodity shelf life of close to lower prices attract buyers. 3) goods stolen. 4) Commodities crush (carton soft). 5) crashed or broken goods (transport inappropriate.) 6) Commodity metamorphism (conservation status). 7) Commodity chewed by rats. 8) The inventory of difficulties (in different location). Inventory is high, but it is not normal inventory is too low. Potential negative impact of low inventories in the following points. (1) shortage cost: lost opportunities. (2) image of the cost: the lack of funds or companies do not want to supply. (3) reputation risk: Customer Baipaoyitang, next time do not want to come back. Fourth, the principles of inventory management Inventory management is a scientific and rigorous work, you need some guiding principle, according to the scientific method, and use of efficient data management. Generally speaking, inventory management principles are the following. (1) FIFO principle: the new second-hand goods should be placed on the back, otherwise the ballast expired, the company suffered heavy losses. (2) Golden eye principle: A class of goods should be in the sight of gold (120 ~ 140 cm) range, increase its discharge side, B, followed by commodities, C followed by commodities. (3) the principle of minimum action lines: rapid turnover of goods storage and display position working closer the better. (4) fresh day-end principle: the daily perishable goods should be sold, to keep goods fresh daily. (5) fresh first principles: the Ministry receiving the highest priority response to fresh goods receipt, the store operators should give top priority to the fresh, processing and sale.