Tips for taking control of your stock

Published 07th Jan 2008 by sophieh
Tips for taking control of your stock Stock control is hardly the most dynamic or exciting element of salon management, but get it wrong and it will cost you much more than just a bottle of shampoo.Francesco Group managing director Ben Dellicompagni shares his top tips for controlling stock.

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  • Be clear about what a good stock percentage should be and then separate your salon stock from retail. Salon stock should always be a steady percent of turnover, whereas retail stock is more flexible depending on whether you sell electrical products. At Francesco Group, we have a stock percentage guide that salon stock should run at about 7% and retail at about 3%.
  • Salons should use the management information to ensure that there is a salon system for managing stock and that the key salon members are clear on their targets and how to achieve them.
  • Speak to your product manufacturer. We work very closely with our manufacturer to ensure that stock levels are managed effectively and that the salon orders only what is required.
  • Stock what you know is popular and will definitely sell. If you want a new line ensure that the team are fully educated on the range and know how to recommend and promote the products to clients.
  • Use the stock facility on your computer system if you have one. Our system has a great stock program that allows salons to manage stock levels very closely. We have also invested in a program that provides the salon with information about the most popular ranges.
sophieh

sophieh

Published 07th Jan 2008

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