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stale goods

Sell stale goods

An important problem of any trade is stale goods in a warehouse or in a store. It is not for sale, but at the same time lies and takes up space. Money was spent on it, which he not only does not return, but also creates a great risk of losses in case the expiration date expires. The report is used to identify this issue. "stale" .

We will see a product that cannot be sold. Let's see the rest of it. We will see the price for which we are trying to sell this product. This information should be enough to make the necessary management decision in connection with this problem.

When generating a report, you need to select a period. The program will look for those products that were not sold during this particular period. Therefore, it must be chosen wisely. If you have fast-moving goods with a relatively short shelf life, then you need to choose a short period. The report can be generated several times for different periods to evaluate each of them separately.

If your product has a long shelf life and a fairly narrow range of demand, then it’s worth choosing from a month or even more in order to find exactly those products that should actually be excluded from the new purchase.

If you want to no longer purchase certain items, you should first of all check if the required minimum is indicated for them, so that the program does not automatically remind you in the future to replenish such balances.

However, this report will show you only those products that were not sold at all. But some goods could once, but buy. To find such nomenclature items - use the 'Popularity' report - you can scroll to the very bottom and find the most insignificant implementations.

The 'Rating' report will help you evaluate the sales of such slow-moving items in terms of their value. After all, some positions, even with insignificant sales, can bring significant profit.

And, finally, another method for evaluating sales of goods is to estimate how long their stocks will last. To do this, you can open the 'Forecast' report. In it you will find an analysis of the level of consumption of goods for the selected period and a calculation for how long they will be enough for such sales or use. If you see months or even years there, this product definitely does not need to be purchased from suppliers in the near future.

As you can see, depending on your approach, you can use a variety of tools in the form of reports in the program for a convenient evaluation of the sale of goods.

stale goods

Sell stale goods

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