King bell
VIP Contributor
There are different factors to consider before you decide on how often to reorder from the wholesaler. For example, if you have a small business with low turnover then you will not need to order as often as someone who has an organic produce farm. It is important to know the frequency of your usage so that when placing an order from the wholesaler you are not over ordering or under ordering what you need.
Under ordering will cost you, not only in terms of lost sales but also in wasted money. When you do not have an adequate amount of stock to sell, your customers may become frustrated that they are unable to purchase the products they want from you. They may then choose to purchase the same product from a competitor, who has an adequate supply. This does not only affect your sales now but also in the future as customers will remember their negative shopping experience and may be less inclined to buy from you again if this is a regular occurrence.
Under ordering also means that you will have overheads on products and space that is taking up in your store room that is not being used or needed, thus costing you money.
Under ordering will cost you, not only in terms of lost sales but also in wasted money. When you do not have an adequate amount of stock to sell, your customers may become frustrated that they are unable to purchase the products they want from you. They may then choose to purchase the same product from a competitor, who has an adequate supply. This does not only affect your sales now but also in the future as customers will remember their negative shopping experience and may be less inclined to buy from you again if this is a regular occurrence.
Under ordering also means that you will have overheads on products and space that is taking up in your store room that is not being used or needed, thus costing you money.
