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Buy Smart and Sell Fast with Aged Inventory Reporting

Posted by Payton Reed on Mar 12, 2021 1:38:55 PM
Payton Reed

Move products and make the most of your inventory with Aged Inventory Reporting. This advanced reporting allows you to tune in to your stock and reduce the amount of time it sits on the shelves before selling. Eliminate guesswork with detailed reporting that gives you the data you need to take control of your inventory. Here’s what powerful Aged Inventory Reporting can do for your business...

 

1. Focus on Slow-Sellers

Get a better understanding of which products and brands are consistently underperforming. Compare and assess the brands, styles, quality, and other potential determining factors to discover why these particular items haven’t sparked interest for your customers.

 

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Related Reading: Markdown Strategy: How to Reduce Loss & Recoup Cash

 

2. Create Smart Sales and Promotions

Easily decide which products and collections are ready for a markdown based on the amount of time they’ve been in stock. When you know which exact quantities and styles are left, you can create timely, cohesive sales and promotions that will help you turn a profit, make room for new inventory, and excite your shoppers.

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3. Purchase with Confidence

Aged Inventory Reporting gives you complete control of how you buy and sell. With a deep understanding of your inventory, you can determine which products are hot-sellers and which ones may not be worth the investment at the next market. Aged Inventory Reporting gives you a better look at your customers’ preferences, shows you how to improve and diversify your inventory, and gives you confidence when it comes to purchasing.

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Related Reading: Use These 3 Sales Metrics to Grow Your Online Boutique

 

4. Boost Revenue 

The more time inventory spends on the shelves, the bigger hole it burns in your pocket. Slow-moving inventory holds a high carrying cost. With Aged Inventory Reporting you are privy to data that gives you quantifiable information to help you increase your purchasing power and, in turn, rack up the revenue.

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The Takeaway

It’s clear that proper reporting is key to a healthy business. Keeping a detailed track of your inventory can seem complicated, but with CommentSold’s Aged Inventory Reporting, you can kiss overstock goodbye and make smarter decisions when utilizing e-commerce features like cross-selling and mystery items to move inventory in a way that excites shoppers. Stop playing guessing games and start operating off of insights.

 

Topics: Business Strategy, Inventory Management

Take Control of Your Inventory with CommentSold