The biggest concern for store managers is when you have fewer sales and items in actual inventory than what was recorded. Shrinkage and inventory deterioration can result from counting errors, damage, or theft. Theft can be by outsiders or sometimes from within your employees. Therefore, retailers should also know how to balance cash drawers to reconcile the flow of goods and cash. From there, you can detect any shrinkage at the earliest.
Count physical inventory regularly
Ideally, you should perform cycle counting regularly to keep track of your inventory. For example, you might consider cycle counting, a method of counting a small portion of inventory at a particular time. From there, store administration can quickly overview inventory and identify popular items that may need to be restocked. What’s more, it’s not as time-consuming as counting the entire inventory, so it avoids disrupting your daily sales operations.
Choose a suitable store layout