Nigerian Business Owners: How Do You Track Stock and Know When to Restock?

For retailers, wholesalers, pharmacies and supermarkets, deciding what to buy and when to restock can be difficult. Fast-selling items may finish unexpectedly, while slow-moving goods can tie down cash for months. Supplier delays, changing customer demand and rising purchase prices can also make stock decisions harder. A business may record daily sales yet still face cash-flow problems because too much money is locked in inventory. How do you manage restocking in your business? Do you rely on experience, notebooks, Excel, POS software or another system? What is your biggest challenge: stock-outs, unsold goods, supplier delays or unstable prices? Practical experiences from business owners could help others make better inventory decisions without needing expensive software.

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