Running a fashion boutique or shop can be the fulfillment of your style dreams. As a fashion enthusiast yourself, you really want to share the feeling of looking good with others. But running a fashion store is not just about selling clothes, handbags and jewelry. The backend of the store should be taken care of properly, especially during peak seasons when the demands are high. In this regard, you ought to take care of your store’s inventory department
For newbies, this may sound like a challenge. But if you have the right goals and strategies, it will be much easier for you to deal with the challenges that are logistical in nature. Whether you are someone who just has received a fashion franchise opportunity or someone who is in the industry for so long, here are some of the pointers that will help you manage your store’s inventory.
Categorize and Organize
Your stockroom may have an assortment of things that can get chaotic if you do not organize them. So the first thing you need to do is to organize your products. Categorize them based on either their function or brand.
Once you have organized these items, you should keep them in boxes or shelves. Fold the clothes properly and stack the caps reasonably. If you are keeping them in solid boxes, use photo labels so that the staff will not have to rummage through the stuff when looking for something.
Get the Right Shelves
Some store owners often overlook the importance of investing in the right shelves. They just get the shelves where they think they can easily put their products on. But it should go beyond this.
Primarily, you need to get shelves that are made of sturdy materials. The size of the shelves should also be considered, especially if you have a small space. You may consider getting collapsible shelves that you can fold when not in use.
Keep the Facility Secure
The stockroom should be treated as your treasure trove; after all, the clothes you keep are your source of income. With that, you need to make sure that the stockroom is duly secured. You can set up security measures and parameters, such as biometrics-based locks, security cameras, and access codes. You may also establish a set of protocols stipulating that only authorized persons are allowed to enter the room.
Do Some Forecasting
The bulk of items that you will take to the front store will depend on how many customers will get them. In this case, you need to do some forecasting. That way, you avoid cases of oversupply, which may mean losses in some cases. If you do it right, you will find it much easier to deploy and request products from your suppliers, since you have a definite number or figure in mind.
These are only some of the things to keep in mind if you want to streamline your fashion store’s logistics. You need to make sure that things are in line with your goals.
