In floral, inventory management is everything. And here’s the best part – you can’t control your sales, you can only make moves to help improve sales – you can control your shrink! Imagine the difference in your bottom line by decreasing your shrink rate from 15% to 10% or less! Even better, what if your current shrink rate is running in the 20% range? Imagine what cutting that in half will do!
Tom knows inventory control. He’s spent his floral life mastering it. In this article, Tom shares the four most important techniques he’s learned for controlling shrink rates and improving your turns and sales. Best of all, everything discussed in this article are techniques you can put in place today! So what are you waiting for? START controlling your inventory shrink today and STOP watching your profits literally wilt away!