In a tough economic climate such as this every company is looking to maximise their profits. Any company that has to keep goods in stock knows that poor stock management can be like throwing money dow
United Kingdom of Great Britain & N. Ireland (Press Release) June 27, 2008 --
The longer stock sits on shelves, the more it costs the company, and stock that is badly organised can simply languish at the back of a stockroom gathering dust. BiGDUG can help ensure that the stock is near at hand as soon as the customer is ready to buy, thanks to their range of industrial shelving and racking.
Goods stored in stockrooms waiting to be sold simply siphon off cash, so it’s vital to every business that stock is effectively managed and kept on the shelf for the shortest period of time. First to be considered is the sales cycle of the stock. How much time passes between the goods arriving instore and them being sold? This period of time is referred to as ‘stock days’ and once a business is aware of this timeframe they can concentrate on shortening it.
Essentially this will speed up the turnover of the goods and enable profits to be made more quickly.
An important consideration when managing the number of stock days is how well you ‘know’ your stock; a business must have a handle on when stock is coming in, as well as knowing when it is going out. Most suppliers do not know their clients well enough to only supply and deliver stock when it is needed. More often than not it is down to each individual business to dictate when (and how much) stock is regularly supplied to them. Additional key ways of knowing the stock include keeping up with what is selling and what is not selling, the fastest moving goods, and the goods that take up far more stock days.
All of these factors lead back to the cornerstone of stock management: organisation. While there is an increasing number of technological stock management systems available in the marketplace primarily designed to ease the stocktaking process, none of these reporting systems will be of any use if the goods are not physically stored in an organised, ordered and easy-to-reach fashion.
No matter the size or layout of your stockroom, or whether you are storing heavy machinery or high fashion, BiGDUG has storage and shelving solutions to suit all business needs. And in these lean economic times, re-organising your stockroom with the help of BiGDUG’s shelving and racking is a far cheaper option than many of the state-of-the-art stock management reporting systems. Their range of cheap shelving starts at only £25 and is tough enough to hold up to 150kg per shelf. The adjustable levels and no nuts or bolts assembly makes them ideal for any type of stockroom and easy to incorporate into an existing set-up.
BiGDUG manages to keep their prices so low by being a one-stop online shelving, racking and storage retailer, selling everything from small boxes to industrial workbenches. Thanks to their generous discounts on bulk orders, they are becoming more and more popular among retailers and businesses wanting to keep their stock moving and their profits pouring in.
Find out how BiGDUG can help organise your business at www.bigdug.co.uk
Editor’s Note: BiGDUG is represented by online advertising consultancy, Top Position. Please direct all press queries to Louise Byrne. Email: Louise@topposition.co.uk or call: 0800 094 9001.
Goods stored in stockrooms waiting to be sold simply siphon off cash, so it’s vital to every business that stock is effectively managed and kept on the shelf for the shortest period of time. First to be considered is the sales cycle of the stock. How much time passes between the goods arriving instore and them being sold? This period of time is referred to as ‘stock days’ and once a business is aware of this timeframe they can concentrate on shortening it.
Essentially this will speed up the turnover of the goods and enable profits to be made more quickly.
An important consideration when managing the number of stock days is how well you ‘know’ your stock; a business must have a handle on when stock is coming in, as well as knowing when it is going out. Most suppliers do not know their clients well enough to only supply and deliver stock when it is needed. More often than not it is down to each individual business to dictate when (and how much) stock is regularly supplied to them. Additional key ways of knowing the stock include keeping up with what is selling and what is not selling, the fastest moving goods, and the goods that take up far more stock days.
All of these factors lead back to the cornerstone of stock management: organisation. While there is an increasing number of technological stock management systems available in the marketplace primarily designed to ease the stocktaking process, none of these reporting systems will be of any use if the goods are not physically stored in an organised, ordered and easy-to-reach fashion.
No matter the size or layout of your stockroom, or whether you are storing heavy machinery or high fashion, BiGDUG has storage and shelving solutions to suit all business needs. And in these lean economic times, re-organising your stockroom with the help of BiGDUG’s shelving and racking is a far cheaper option than many of the state-of-the-art stock management reporting systems. Their range of cheap shelving starts at only £25 and is tough enough to hold up to 150kg per shelf. The adjustable levels and no nuts or bolts assembly makes them ideal for any type of stockroom and easy to incorporate into an existing set-up.
BiGDUG manages to keep their prices so low by being a one-stop online shelving, racking and storage retailer, selling everything from small boxes to industrial workbenches. Thanks to their generous discounts on bulk orders, they are becoming more and more popular among retailers and businesses wanting to keep their stock moving and their profits pouring in.
Find out how BiGDUG can help organise your business at www.bigdug.co.uk
Editor’s Note: BiGDUG is represented by online advertising consultancy, Top Position. Please direct all press queries to Louise Byrne. Email: Louise@topposition.co.uk or call: 0800 094 9001.
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