7 Tips For Retailers To Reduce Out Of Stock Situation!

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7 Tips For Retailers To Reduce Out Of Stock
Situation! If you try to jot down the worst
situations in the retail clothing business, then
the first thing that will strike your mind is
indeed Out Of Stock situation. It describes
that the inventory of the retailer is exhausted.
This situation occurs due to various reasons.
However, the two most prevalent reasons are
either the clothing retailers have not purchased
wholesale apparel on time or wholesale clothing
distributors have not supplied the stock on time.
Whatever the case is, it directly impacts the
retailers cash flow along with customer brand
relationship. Hence, it is very important to
reduce such situation with smart planning and
strategy. Here is the list of all those tips,
which may help retailers to reduce out of stock
situation.
Tip.1 Traditional approach The technology has
advanced a lot. Still, a manual audit of the
clothing retailers store may help to reduce the
OOS situation. Find the gaps on the shelves and
order the stock from the wholesale clothing
suppliers accordingly. Keep a check on the
frequency and timing of these manual audits.
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Tip.2 Use the point of sale data technique Keep
a check on the historical data of the sale. For
example, you can check the latency period
between sales to identify the availability of the
product. Once you realise that this womens
apparel wholesale may go OOS, order it instantly
from the wholesale apparel suppliers. Tip.3
Tracking inventory with RFID technology The
clothing retailers can use radio frequency tags
to keep a check on the inventory. This technique
is most prevalent in the US. Once the retailers
realize that their inventory is running out of
stock, they instantly do their purchasing from
wholesale clothing suppliers USA.
Tip.4 Taking the pre-orders of your
customers This one is quite effective. Retailers
can ask their regular customers to submit their
requirements beforehand. This will give the
retailers enough time to purchase the required
wholesale apparel from the wholesale apparel
suppliers. Tip.5 Check the wholesale apparel
not shipped during your last order
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It does happen that retailers order a specific
product from the Wholesale clothing distributors
but, the supplier does not ship the product. In
such a case, keep a track of all such product and
order them instantly to avoid the OOS situation.
Tip.6 Notifying the regular customers in
advance This one will not only help to reduce
the OOS situation but, it will also increase the
customer- brand relationship. Retailers can keep
a track of the preferred choices and shopping
frequency of the regular customers. This way
they can ask the customers in advance about their
next shopping plan.
Tip.7 In-demand wholesale apparel should never
run out Being a retailer, it is easy to judge
whats in and whats not? Once, you judge this,
it is advisable to keep a good inventory of all
those wholesale apparel which are the flavor of
the season.
These general tips will surely help the retailers
to reduce the OOS situations. But if they do
exist, the retailers should have a proper backup
plan to reduce the damages. The list of best
backup plans includes notifying customers on
time, providing a reason, apologizing and
offering an alternative. With the help of these,
the clothing retailers can surely overcome the
OOS situations.
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