5 Ways to Manage Stock Goods for Business
Do you know how important it is to manage the stock of goods for business?
How to manage the wrong stock of goods can result in losses such as damaged goods, miscalculations, or even if the item is a food or drink may expire before it has been sold.
Therefore, if you want to minimize losses due to negligence in managing the stock of goods, here are things that you can pay attention to:
1. Create Standard Operating Procedures (SOP)
No matter your business is small or large, the name SOP is always needed.
Indeed, small business SOP is certainly much simpler than the SOP of a large company, just never run a business without a SOP.
SOP is a basic guide for a business, without a clear SOP, the course of a business becomes unstatistic or messy.
Sop implementation is also needed in managing goods for business, so that employees have clear guidelines in regulating the flow of goods in and out.
2. Provide a storage place that meets the standards
Warehouse or storage of goods is the main thing that you must prepare.
You can not carelessly in providing warehouses, because somehow this warehouse will be a place where your products are stored before finally sold.
Therefore, you must pay attention to various aspects in the Warehouse such as aspects of cleanliness, security, humidity, and so on.
Having a warehouse that does not meet the standards can bring losses in the future, such as many items that are damaged or lost if the security of the Warehouse is not guaranteed.
3. Mark Products
Before entering the product into the Warehouse, you must mark all products with the item code and also the date of arrival of the product.
It is very useful to determine which products will be issued first from the Warehouse when there is an order of goods.
In addition, giving the code to the product will make it easier for you to record, because not all items have a short name.
Giving the item code will greatly simplify the mention of the name of the item.
4. FIFO (First In First Out) System
In the world of entrepreneurship of course you've heard the term FIFO.
Yes, this is a basic system in managing the stock of goods for business. As discussed earlier, the provision of goods code and warehouse entry date will be very useful to implement this FIFO system.
In essence, the FIFO system requires you to remove items that enter the Warehouse first, this is certainly to prevent items from being stored in the Warehouse for too long.
5. Distribution System
In addition to managing the stock in the Warehouse, you also have to determine how the distribution system of these items.
Do not let there be delays or damage when distributing goods. For those of you who still have one business place, maybe this is not so complicated.
But if later your business grows and the store you own more and more, then the implementation of the distribution system will be more complicated and you have to find a way to simplify it so that no mistakes occur when delivering goods.
That's the right way to manage your stock of goods for your business so that your business is more well organized.
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