Special one time orders
A common special one time order is the yearly order for lawn and garden items. Come spring time when love is in the air you had better have sent in your spring order for lawn and garden items long ago. Otherwise, you are going to take a beating on freight charges. A first cut for ordering a part number is to order what you sold last year less any that might be left over from last year. The next step is to look for lost sales on the item and to maybe order more to cover any lost sales on the item from last year. You also have to look for supersedes and order the new part number if the old one has been superseded. Your STORE POS SYSTEM should have all of this information immediately available for you in a format that your supplier can use. Finally, you have to look at your latest bank statement and figure out what you can afford to order.Another type of special one time orders is as follows. A wholesale supplier may offer their customers special prices on fast moving items with an extended payment schedule. For example, they might offer a 10% discount on some minimum purchase of lighting items and the terms might be 30-60-90. That is, you pay 1/3rd in 30 days, another 1/3rd in 60 days and the final 1/3rd in 90 days. Assuming that you don't have plenty of extra cash, you want to make sure that you sell what you ordered before the 90 days is up so that you can afford to make those payments. Here again you would look on your STORE POS SYSTEM at the sales of the specially priced items over the same 90 day period last year. Depending on your financial strength and sales outlook, you might order more or less than you sold last year.
Labels: lost sales, sales history, Special one time orders, Store POS System
posted by MIB @ 7:27 AM
