To improve bottom-line costs, what we need to do is identifying and cull the slow-moving lines. Hopefully, then you can clear the space out for something that sells or maybe fix the problem.
Let’s dive in
I suggest that you do it by departments, as it helps with the perspective and makes the workload manageable.
This a step by step plan to help you find these items.
Go to your POS Software> Register reports > Stock > Slow moving Stock lines
Now click there
I then selected twelve months and used as criteria as any line that sold less than $100 and that I am now stocking something.
So check these out:
You get a report that gives you a clear view of your current performance metric with slow-moving lines and extra information on these lines.
So let’s get to work