Running a stocktake sale

Do you need to run a stocktake sale?

Completing a stocktake sale can be time consuming if your business has a lot of stock. This is why you may need to run a stocktake sale to sell, move and reduce your products and goods.

About a stocktake sale

A stocktake sale is a marketing technique to lower your stock levels, particularly at the end of the financial year, as stock often needs to be counted and valued.

The costs of doing a stocktake are higher when your business has a lot of stock. So it’s a good idea to consider running a stocktake sale before doing a stocktake.

Benefits of stocktake sales

The benefits of doing a stocktake sale can include:

• higher sales
• improved customer satisfaction
• selling inventory before it goes out of season or out of date.

What to do:

• Have a look at part one in this series about Preparing for the end of the financial year stocktake.
• When you need to complete a stocktake, check out part two in our stocktake series Completing a stocktake successfully.

Original article appeared first at Business.gov.au >

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