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Fragrance stock list

1. Inventory Assessment

Conduct a thorough inventory count of all fragrance products.

Verify the accuracy of existing stock levels against the inventory management system.

Identify any discrepancies and investigate their causes.

2. Product Categories

Classify fragrances into categories (e.g., men’s, women’s, unisex).

Subcategorize by type (e.g., eau de parfum, eau de toilette, parfum oil).

Note seasonal or limited edition fragrances.

3. Supplier Management

Compile a list of fragrance suppliers and their contact information.

Review supplier contracts and terms of agreement.

Assess supplier reliability and delivery times.

4. Product Details

Ensure each fragrance has accurate product descriptions.

Include key details such as scent notes, volume, and packaging information.

Verify that all product images are high-quality and up to date.

5. Pricing Strategy

Review pricing for each fragrance against market benchmarks.

Ensure consistent pricing across all platforms.

Consider discounts or promotions for slow-moving stock.

6. Stock Rotation

Implement a first-in, first-out (FIFO) system for fragrance stock.

Regularly check for expired or nearing expiration products.

Remove any outdated fragrances from the inventory.

7. Order Management

Establish optimal reorder levels for each fragrance product.

Set up automated alerts for low stock levels.

Create a streamlined process for placing orders with suppliers.

8. Compliance and Regulations

Ensure all fragrances meet regulatory requirements (e.g., safety, labeling).

Keep records of safety data sheets (SDS) for fragrances.

Stay updated on fragrance regulations in different markets.

9. Marketing and Promotion

Plan promotional campaigns for new fragrance launches.

Create bundles or gift sets to encourage higher sales.

Utilize social media and email marketing to promote fragrance products.

10. Performance Tracking

Monitor sales performance of each fragrance regularly.

Analyze customer feedback and reviews for insights.

Adjust stock levels and marketing strategies based on performance data.

11. Continuous Improvement

Regularly review and update the fragrance stock checklist.

Gather team feedback on inventory management processes.

Stay informed on fragrance trends and customer preferences.

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