Use the formula Sales + Ending Inventory – Beginning Inventory = Purchases to calculate exactly how much budget you have for new stock.
Where Do Stores Buy Their Products: One Clear Path to Better Inventory
Use tools like Google Trends and social media to see what’s popular.
Decide how many times a year you want to sell through your entire inventory; higher turnover typically leads to lower storage costs. 2. Sourcing Suppliers
Before looking for products, you must determine what and how much your customers actually want.
