Housekeeping is no fun, but like it or not, if you want a tidy household, the work has gotta’ get done! And much like good housekeeping keeps a tidy home, it’s also wise to do housekeeping to run a tidy business.
With that said, today we’re going to cover one especially important aspect of business housekeeping, cross checking your inventory. Inventory management and cross checking your stock, especially after shows and offline events is critical. It can be difficult to deal with and accept, but it’s imperative for you to be aware. Sometimes your inventory can be lost, sometimes your inventory counts are off and sometimes your inventory can actually be stolen from events.
To avoid miscalculating your inventory, a smart business housekeeping tip is to cross check your inventory periodically (quarterly is a good idea) to check for accuracy. I personally learned this lesson the hard way recently when I sold an item online that I no longer had in stock. Luckily, I was able to scramble, repurchase the necessary supplies, and fulfill the order, but not without stress and concern that I would have to reach out to my customer and confess that I made a mistake. Had I crossed checked my inventory recently against the items available on my storefront, I would have caught the variance and avoided the nausea!
All in all, I learned a valuable lesson on the importance of checking my inventory from time to time. Have you learned any lessons like these the hard way? What other housekeeping tips are you working on for your business?
Main image courtesy of 1024greenstreet.