Inventory Management: More Than FIFO

Jul 30, 2020 · 21m 36s
Inventory Management: More Than FIFO
Description

In this episode of Ask Christina 1st, Christina helps us clean up our inventory to find out what we have, what we need to get rid of and how. For...

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In this episode of Ask Christina 1st, Christina helps us clean up our inventory to find out what we have, what we need to get rid of and how. For small business owners that have inventory, a great place to start is finding out what it is you're selling the most of and what you're selling the fastest. Inventory can be both an asset and a liability depending on how well it's selling. If you deal with perishable items of course there is a system in place because those items are on a time limit. However, for products that don’t physically expire, there still is a time stamp on them and this will fall on branding and the market. For example, let’s say you wrote a book and the content of the book is talking about the crash of 2008? It’s clearly decade old information, but with the right marketing and rebranding tactic you can sell that item so that it is no longer collecting dust on your inventory shelf. In this episode you will learn how to:

1. Discover new ways to rebrand your old inventory.
2. Organize, label and catalog your inventory so that you can plan ahead.
3. Learn ways to market an old product.

Inventory is a vital component to almost every business. It is also extremely crucial to make sure you are handling your inventory properly. This show will give you some much needed advice and insight on where to go next with your inventory.
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Author Amazing Women and Men Of Power
Organization Amazing Women and Men Of Power
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