Match Wholesale General Merchandise Purchases to Your Sales

To get the top deals for any wholesale merchandise you purchase for resale you need to be at the right place at the right time with the right mindset. For this you need to have solid knowledge and understanding about certain facts relating to the market, sales vendors, products offerings, and more. In the current market a variety of options are available for those who own a dollar store to source the wholesale general merchandise needed to keep the shelves well-stocked. However there are certain things to consider before going out and blindly buying all kinds of products. Read on for some of the key considerations.

* Know the market and the products your shoppers purchase

In today’s market there it is unwise to purchase huge quantities of products which sell slowly. While you may need to locate suppliers offering partial cases, or possibly split cases of these wholesale general merchandise items with other stores, having 288 of an item which sells at the rate of 3-4 items per month is not a good use of your funds. On the other end of the spectrum, do not allow best sellers to run out.

* Build customer satisfaction by focusing on value

You simply must be careful about the quality or product features of the wholesale general merchandise you purchase. Never assume saving 5ยข on an item is worth the trade when the quantity is reduced by 25%. Even worse, don’t make tradeoffs with reduced quality, quantity or perceived value if your competition stays with the product you no longer carry.

* Know the hot sellers and keep them in-stock

Do not allow the shelves to go bare of the core consumable items which bring shoppers back time and again. These items sell, so always place your replenishment orders in plenty of time to have new stock arriving just as you are close to selling out. As these items arrive be sure to immediately place them onto the sales floor.

* Maximize profit but never building inventory levels

Do not rush to buy huge quantities of any items simply because there are tempting discount offers. You will risk ending up with an unnecessary inventory at your store. It is essential to buy the correct quantity or your inventory management will go out of balance, resulting in stockpiling of unnecessary goods.

* Shop for competitive prices when purchasing replenishment products

Buy items having the best rates. Since wholesale pricing of products varies based on their demand and availability, shop around if you cannot get competitive prices from your normal sources. Always factor in your quantity requirement (Based on products sales levels.) as well.

Thus, be sure to remember the key point to matching the buying of wholesale general merchandise to store sales. Purchase just enough dollar store merchandise to keep the shelves full as well as to ensuring the stock room is in effect empty. Buy only required items and in the right quantity, during seasonal or holiday offers. Never allow your stock room to become filled with products which do not sell.