eNewsletter sent July 8, 2009

The year is half over time to check sales against inventory

You are now entering the third quarter of the year. It is the time to review your sales vs inventory status. Granted inventory is an asset, but those dollars are not necessarily available.

In a depression (which in spite of what the TV says - we are in) cash is king

As a wild bird store owner I would be working toward a 60 day inventory turn on non consumables, and 14 to 21 day on consumables. This will keep your inventory clean and your dollars turning and available.

My recommendations:

Emphasis your consumables
Make sure you have the right products
In the size your customers want
With the variety your customer likes
Cover the bird store basics
Fresh and new - gets a trial
Inventory that doesn't turn quickly - goes.
What are your recommendations during these trying times ?

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Until next time.
John