28 Sep

Product Sourcing for Retail: Why Finding a Quality Wholesale Vendor is Key

Product Sourcing for Retail: Finding a Quality Wholesale Vendor - WFS
Product sourcing for retail can be overwhelming. Where do you start and what's the best plan of action? Here are helpful tips. Finding products to sell in your retail business is much easier than finding products that will sell. Some reports suggest having a sourcing strategy that involves determining what products you need, market research, finding the right vendors, testing product quality, contract creation, and inventory planning. When sourcing products, you must purchase for your customer, not yourself. Fortunately, whenever a customer enters your store, you can gather information to help you choose the right products. Customer behaviors give you great insight into their preferences. You can learn a lot from what customers buy or don’t buy. Find a way to keep track of...
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