| One of the biggest challenges faced by those who | | | | put some kind of inventory management tools in |
| are opening a dollar store is associated with inventory | | | | place before their store opens. For smaller store that |
| management. While sales may only be in the | | | | can be as simple as manual inventory sheets with |
| hundreds or low thousands on most days, that still | | | | specific timing for physical inventory scheduled. Focus |
| means that an equal number (100's to 1,000's) of | | | | should be placed on higher selling departments as well |
| items have been sold and need to be recognized as | | | | as the fastest selling items in the store. |
| no longer being available for sale. Faster selling item | | | | Failing to maintain a constant inventory of in-demand |
| inventories need to be managed to insure that | | | | items will result in sales losses. Not having in-demand |
| adequate inventory is maintained to allow sales to | | | | items readily available will also motivate shoppers to |
| continue. Slowest selling items need to be recognized | | | | move on to other stores that routinely maintain |
| to determine the right steps to take in increasing | | | | adequate inventories of those items. Once a |
| sales or liquidating those specific items from your | | | | customer is lost the time and expense associated |
| future sales inventory. | | | | with regaining that customer can be significant. |
| For most who are opening a dollar store the costs | | | | Are you opening a dollar store? No matter how big |
| associated with inventory management software | | | | or small your store will be never forget the |
| cannot be handled. There simply is not money in the | | | | importance of adequate inventory management. |
| start up budget to purchase the software. For those | | | | Inventory management can help to insure that your |
| entrepreneurs plans should developed to use early | | | | store sales continue to grow and that you are |
| profits to make that purchase. | | | | carrying the right products to meet your customer |
| All entrepreneurs who are opening a dollar store must | | | | needs. |