Running a stocktake sale
Part three: Discover the ins and outs of stocktake sales...
Do you need to run a stocktake sale?
Completing a stocktake sale can be time consuming if your business has a lot of stock. This is why you may need to run a stocktake sale to sell, move and reduce your products and goods.
About a stocktake sale
A stocktake sale is a marketing technique to lower your stock levels, particularly at the end of the financial year, as stock often needs to be counted and valued.
The costs of doing a stocktake are higher when your business has a lot of stock. So it’s a good idea to consider running a stocktake sale before doing a stocktake.
Benefits of stocktake sales
The benefits of doing a stocktake sale can include:
- higher sales
- improved customer satisfaction
- selling inventory before it goes out of season or out of date.
What to do:
- Have a look at part one in this series about Preparing for the end of the financial year stocktake.
- When you need to complete a stocktake, check out part two in our stocktake series Completing a stocktake successfully.