3 May

Improve Inventory Turnover: How a Quality Wholesale Supplier Can Help

Improve Inventory Turnover: How a Quality Wholesale Supplier Can Help - WFS
Inventory refers to any product ready to be sold in your boutique. At least thirteen inventories exist, including raw materials, components, work in progress, and finished goods. There is also excess inventory, packaging materials, maintenance, repair, and operating supplies. As a business owner, you must know how to buy the inventory your customers will buy in the right quantities to avoid overstocking and missing out on sales. It’s not as simple as people may think. However, there is a formula you can use to help, such as inventory turnover. What Is Inventory Turnover? Inventory turnover is the number of times inventory has sold in a year, quarter, or month. Also called the stock turn, you can calculate it by taking the cost of...
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29 Mar

7 Tips To Find the Best Wholesale Supplier for Your Small Clothing Business

small clothing business - WFS
Do you have a small clothing business? Here are some helpful tips for finding a wholesale supplier. Finding a wholesale supplier for your small clothing business is critical. It can mean the difference between high and low profits, meeting or missing shipping deadlines, and getting the scoop on the latest trends. So, how do you pick the best wholesaler for such a pivotal role in your business? Below are 11 tips to help you narrow your list and make a final decision. 1. They Buy from the Best Manufacturers Wholesale suppliers depend on their manufacturers to let them know which trends are up-and-coming from the designers. They also rely on manufacturers to use quality materials, fulfill their orders, ship them on time, and...
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12 Jul

Inventory Management for Small Business: Buy Wholesale

Inventory Management for Small Business Boutiques and Wholesale Clothing Vendors - Wholesale Fashion Square
Inventory management for small business is essential to increase efficiency and revenue. This is especially true for boutiques. These 6 tips can help you improve your inventory management when buying wholesale. You have goals as a small business owner that includes managing your inventory better to improve customer satisfaction and retention, and of course, increase profits. Those are worthy goals but are often easier to write down on paper than implement, until now. Having customer-first goals like this means you have the potential to rock the retail industry. Wholesalers have similar goals. They want customers (you) to be satisfied; place reorders, and, of course, increase their profits. If you succeed, they succeed. One way wholesalers can help you succeed by tweaking the...
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