Last season stock priced down while it still sells
Home textiles · 3 retail counters — Winning more sales
Dead stock was discovered during the annual count, two seasons too late.
What was going wrong
Nothing showed how long a design had been sitting, so markdowns happened once a year in a panic.
What changed
Ageing by style shows what has not moved in 60 or 90 days, early enough to discount it while somebody still wants it.
What it changed day to day
- Dead stock: Caught in 60 days
- Markdowns: Planned
- Cash: Released sooner
How NikERP helps businesses like this
NikERP.cloud is cloud ERP and CRM software for Indian SMEs: GST invoicing, stock, purchase, accounts, customer follow-ups and reporting in one system, with an industry template to start from.