What measures can a business person take to never completely run out of stock?

[King Belieal]

I woke up this morning and called my supplier only for him to tell me that he doesn't have products to supply me to sell today. I had already informed him since about my intention to restock today.

Now, I don't have a single piece of products to sell. How do I avoid this occurrence in future? What should I do never to completely run out of stock in business?

 

[@astutimeliana723]

What I do is always restock when merchandise supplies start to run low, don't wait until they run out before restocking. Determine the minimum stock limit that must be available, make sure you have inventory records and carry out regular stock taking to find out the remaining stock available.

 

[Suba]

There are many reasons why you run out of stock. The first thing is that you are lazy about recording inventory, so you don't know about the incoming goods and outgoing goods, so you also don't know the number of goods available. You also don't set a stock limit, you only have one supplier.

 

[eLdavis]

I think creating an habit of always checking out your stock in the morning before you start your business and in the event after closing would help a lot. With this you can easily know when you are out of stock before hand.

 

[Fidelia]

Don't always wait for stock to finish completely before ordering for restock. If it is a quick moving business, be sure to reorder as soon as you sell and have capital to restock.

 

[Augusta]

Have a good relationship with the suppliers

Psy your suppliers on time to have fast supply

Request for your stock before hand and before others finished