As spring arrives, many online retailers find that they need to move equipment. Last season’s gear are already being replaced, and if you need to keep cash flowing, these older items must go.
Inventory management is one of the keys to online retail success. And good inventory management often requires the occasional purge. Slow moving, out-of-season musical equipment needs to be cleared out. Money and space must be made available for newer inventory. Many retailers have discovered ways to successfully clear out aging or unwanted equipment.
3 Spring Cleaning Tips to Apply to our Inventory
IDENTIFY A PROCESS
Getting organized is only step one; you also have to figure out how to keep it that way. This is as true for stock as it is for musical gear sitting around your home. You don’t want your instruments collecting dust, that’s why we recommend receiving stock. It is better to keep an accurate record of all your inventory and move the rest. You can easily set up a customize process with GearSource that will send over all your inventory with easy. That way when next spring rolls around you could be looking at less stock to clean.
GET RID OF WHAT YOU DON’T NEED
This spring, look at the seasonal items that you still have left on hand. Will these items age well in your warehouse or home? Will your boxes or cases fade? Collect dust? Is there a chance they will be replace with a newer model? When it comes to stock, having too much on hand costs you money that you could spend elsewhere, limits your storage area and keeps you from bringing in newer wanted gear.
GET IN TOUCH WITH THE RIGHT RESOURCES
Do you need additional resources to help you make necessary changes? Having a clear partner that will support you in moving your instruments fast is a helpful added bonus. You can stay concentrated on things that matter the most to you…bringing in new equipment and business. A trusted partner will look at your older gear, assist in pricing structures and work on getting second hand inventory off your shelf.
Don’t let your efforts to spring clean wither away come fall. Make a conscious effort to rid your clutter for good so you can remain organized and stay focused on the business objectives that really matter.
CONTACT GEARSOURCE ABOUT ALL YOUR SPRING CLEANING NEEDS
We are your professional partner that will help you get your spring cleaning done quickly–and correctly. We will assist you in creating a spring cleaning system that you can use to stay organized and streamlined. Contact Rob Brown at www.gearsource.com or call us direct at +1.866.669.4327 (GEAR).