is one of a key measurement for shop success, other from the sales volume and profits. Good stock management will help the shop to reduce costs, better cash flow and increase profit.
"Minimum Stock is the maximum profit."
This means that if the shop can sale products that customers want, products will turn to be cash. If the shop have not too much stock, the products in the shop will be fresh at all time.
Techniques for stock management
Do not stock too much
Often survey what customers want to buy
Release products that can sell slowly and replace with new products
Buy from a place that have all product to be sell in your shop, for more convenience and save transportation costs