What are the tips to manage inventory for multiple products?

[Kera]

There are businesses that deal on a variety of products all at the same time. Think of the grocery shops and other multi product businesses. What are the techniques that these businesses use to manage their inventory so that all the products sold by the business don't have a deficiency?

 

[Stardom22]

I think that the best book keeping methods can really help out that. Records are really very great tool in the management of the inventory of multiple products on the business.

 

[Suba]

My suggestion, so that you can manage inventory of merchandise for multiple products is that first you have to separate inventory records for each type of product, determine safety stock, and make inventory reports on a daily, weekly and monthly basis, besides that you also have to determine the reorder point time.

 

[Augusta]

You need to have different records for the products so that you know the products coming in and what you have sold

 

[eLdavis]

Having different records for each of your products, and following them up might be the best way to sort this out.

 

[King Belieal]

If you have staff, let the staff take inventory for all products that the business sells separately. With the use of the purchase invoice, inventory can be managed for a business that sells multiple products.