Tips 61-65: Stop Catering to Problem Customers
61.
Stop Catering to Problem Customers
62.
Reduce Customer Returns By Improving Quality Control
63.
Don’t Be Someone Else’s Venture Capital
64.
Get Free Advertising
65.Optimize Your Inventory- Monitor your stock with a system that automatically deducts items as they are sold and alerts you when it’s time to restock.
- Reducethe amount you keep on hand. The cash-flow impact of reducing yourinventory from 60 to 30 days is about $8,000/month for every $100,000of inventory.
- Be careful not to overstock just because an item is on sale. Today’s good deal may become tomorrow’s stale inventory.
- Don’t fall in love with a product; it’s your customers who have to love it.
- Sell off stale inventory.
- Investigate just-in-time inventory options with your suppliers.
61.
Stop Catering to Problem Customers
62.
Reduce Customer Returns By Improving Quality Control
63.
Don’t Be Someone Else’s Venture Capital
64.
Get Free Advertising
65.Optimize Your Inventory- Monitor your stock with a system that automatically deducts items as they are sold and alerts you when it’s time to restock.
- Reducethe amount you keep on hand. The cash-flow impact of reducing yourinventory from 60 to 30 days is about $8,000/month for every $100,000of inventory.
- Be careful not to overstock just because an item is on sale. Today’s good deal may become tomorrow’s stale inventory.
- Don’t fall in love with a product; it’s your customers who have to love it.
- Sell off stale inventory.
- Investigate just-in-time inventory options with your suppliers.
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