Shop Fittings and Supplies: How to Get the Slow-Moving Inventory Moving Fast

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Every retailer, whether he sells shop fittings in Melbourne or run a small grocery store, faces the challenging period of SLOW-MOVING or EXCESS INVENTORY.

As much as the state is stressful, it tests your ability to manage inventory and leverage your knowledge and expertise as a retailer.

So, rather than being fretful about the situation you can use the following tips to turn the challenging state into a competitive advantage.

Offers That Just Can’t Be Ignored

  • Try bundling. Package each slow-selling product with a good seller while increasing the original price of the item by a reasonable amount. Customers are generally happy to buy two items instead of one for a few pennies more.
  • Have a sale. Customers are naturally attracted toward sales. A one-day flash sale, big clearance sale or special discounts day kind of offers encourage customers to avail discounts that cannot otherwise, no matter if they’re on ordinary products.
  • Create a reason to shop more. If you’re going to lose money on that inventory anyway, why not use it to boost the sale of other merchandise. Set a shopping amount for which users can get one of the discontinued merchandise for free. Most customers don’t mind to increase their budget a bit to get freebies.

 A Display to Fall For

Focusing attention to non-selling or slow-moving merchandise is not as challenging as you think. Here are a number of things you can to do to get these items to customers’ cart:

  • Move the item closer to the checkout area and mark it as a “TODAY’ SPECIAL” or “PICK OF THE WEEK”. Alternatively, you can place those slow-movers near the products that sell the most.
  • Create a separate display for all your slow-sellers. Use attractive shop display cabinets, racks and shelving units along with eye-catchy signs or red tags to make the inventory more noticeable.

 Raise a non-profit cause.

Target customers who are interested in charity for selling the slow-movers. Fix an amount that will be donated to a non-profit foundation if customers buy any of the products from the selection of your non-selling products.

With these tips that not only help your discontinued inventory move fast but also allow customers to shop equipment for sale and avail lucrative offers on their purchase, which in turn provides your business an edge over your competitors.