Today’s post is by Danielle Begley, Account Manager at SafeSourcing.
Christmas will be here before we know it. While most of us as consumers wonder where the year has gone, retailers are feverishly planning in preparation for their busiest season. In the retail industry, the short period from October to December can represent more than half of the year’s sales—which means that planning and implementation are crucial for success.
Retailers don’t panic; procurement services can assist you in your holiday preparations. For novelty products that are traditionally sold such as gift cards, perfumes, and gift basket items, why not purchase products for the rest of the year? This can help you have the inventory on hand and allow you to lock in a price—that can surely increase as the holidays ensue. Planning to maintain appropriate inventory levels especially for Black Friday and beyond can help decrease your costs by not being subjected to inflated prices due to seasonality.
Don’t let the season sneak up on you, plan ahead to ensure you have the most successful Holiday.
For more information on SafeSourcing and how we can assist with this process, please contact a Customer Service Representative for more information.
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