Products' Buying Patterns for Controlling Inventory

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Lesson Summary:

When you are able to see at a glance, the profitable and popular products being ordered, you'll be able to forecast their future sales and manage your inventory efficiently.

Know the speed at which your products are moving and when to promote them.

What You'll Learn In This Lesson:

  • Monthly product sales by volume.
  • How to predict when your products are likely to be ordered.
  • How to forecast sales for your products.
  • How to control your inventory of stock.


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Video Transcript

Formulated Worksheet

It's recommended to keep your download as a 'master' and work with a 'copy' for your exercises.

Homework Assignment

Taking action moves you forward
to achieve the outcome
YOU want.

Let's measure your progress with this Quiz . . .

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Frequently Asked Questions

Why do I need to know my products buying patterns?

Because you'll then make sure your customers products will be in stock and available for them.

Will I be able to forecast my sales?

Yes. Because you'll have an indication of the products ordered and therefore their value.

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Fran Piggott

Fran Piggott

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