Opening a Dollar Store - A Merchandise Handling No-No
Are you opening a dollar store? If so learn to match the ordering and receipt of merchandise to the availability of personnel to handle the receiving, pricing and stocking tasks. If there is a doubt about whether there is staffing to handle the order, delay submitting the order.
When opening a dollar store it is important to establish rules regarding the receiving, pricing and stocking of merchandise. One of those rules should be regarding the length of time that merchandise is allowed to sit awaiting stocking to the sales floor. One day or less is an achievable goal.
Money that is spent on merchandise has a cost associated with it. If you are opening a dollar store that same money could be invested or even placed into a low interest savings account rather than being spent on merchandise that is left sitting in a receiving area. At least the savings account does pay interest.
Don't allow yourself to fall into the trap of ordering and then receiving merchandise that is not immediately placed on the sales floor. When opening a dollar store be sure that rules are in place and that ordering is coordinated with staffing so that merchandise is quickly available to be sold. Only then are you setting yourself up for success.
To Your Dollar Store Success!
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