Tom Lee Music Canada’s Post

📢 Attention All! 📢 Save the Date: February 22nd & 23rd, 2024 It's that time of the year! We're gearing up for our annual stock take to ensure accuracy and efficiency in our operations. Mark your calendars for February 22nd and 23rd, 2024, as we take stock of our inventory and streamline our processes. Price Adjustments Coming Soon We want to give you a heads-up that price adjustments will be implemented starting March 1st, 2024. Stay tuned for more details on how these adjustments will benefit our valued customers and partners. #StockTake #PriceAdjustments #BusinessUpdates #SaveTheDate

🐾 It may sound like one of our colleague’s furry friends, but it's actually about keeping your inventory fresh and #orderfulfillment running smoothly. The First In, First Out (FIFO) method ensures that the oldest inventory is used or sold first. Why does this matter? ✅ It ensures perishable items are used before they expire. ✅ It optimizes storage costs. ✅ It matches older inventory costs with current revenue. ✅ It keeps storage organized and efficient. This method also makes our picking and packing services more efficient, ensuring that our customers' orders are fulfilled promptly and accurately. If you need help with logistics for your online store, drop us a message via the link in comments.

Hey Wholesalers and Distributors! Stop letting constrained inventory adversely affect your most valuable customers and force your teams to manually work through countless orders every week. Use Fair Share Allocation to make sure your best customers get preference to that constrained inventory while still making sure the little guys get something too!

This December, ensure a successful holiday season by prioritizing your production and sales. Let us assist you in securing ample raw and packaging materials inventory and building up finished goods inventory for your most successful Christmas sales yet. #InventoryManagement #ChristmasSales #ProductionSuccess

Upgrade Inventory Wisely My Dudes.

A retailer currently uses the LIFO method to value it's inventory of goods for sale. If the retailer decides instead to use the FIFO method, in a period of rising prices- A. The closing inventory value will be lower and the gross profit will be lower B. The closing inventory value will be lower and the gross profit will be higher C. The closing inventory value will be higher and the gross profit will be lower D. The closing inventory value will be higher and the gross profit will be higher Comment the correct answer!

Do the math and do it right! A precise calculation of your product's landed cost will not only tell you the exact amount you are paying for your inventory, but it will also help you evaluate your performance and optimize your pricing.

🚀 *Ready for Dispatch Stock Enquiry* 🚀 We're excited to introduce a streamlined process for checking the availability of our ready-for-dispatch stock. This includes incorporating the concept of spot pricing, ensuring you get the most up-to-date and competitive prices for your immediate needs. *Key Features:* ✅ *Real-Time Stock Updates*: Instantly check stock levels ready for dispatch. ✅ *Spot Pricing*: Get the current market price for immediate purchases. ✅ *Fast Processing*: Simplified process for quick enquiries and faster delivery. Whether you're looking to make a quick purchase or just need to confirm availability, our new system ensures efficiency and transparency every step of the way. Don't miss out on this opportunity to optimize your supply chain with our ready-for-dispatch stock. For enquiries, please reach out to mohammad@armfasteners.com Stay ahead with real-time stock and spot pricing! #SupplyChain #Logistics #ReadyForDispatch #SpotPrice #Efficiency #RealTimeUpdates

🚀 *Ready for Dispatch Stock Enquiry* 🚀 We're excited to introduce a streamlined process for checking the availability of our ready-for-dispatch stock. This includes incorporating the concept of spot pricing, ensuring you get the most up-to-date and competitive prices for your immediate needs. *Key Features:* ✅ *Real-Time Stock Updates*: Instantly check stock levels ready for dispatch. ✅ *Spot Pricing*: Get the current market price for immediate purchases. ✅ *Fast Processing*: Simplified process for quick enquiries and faster delivery. Whether you're looking to make a quick purchase or just need to confirm availability, our new system ensures efficiency and transparency every step of the way. Don't miss out on this opportunity to optimize your supply chain with our ready-for-dispatch stock. For enquiries, please reach out to mohammad@armfasteners.com Stay ahead with real-time stock and spot pricing! #SupplyChain #Logistics #ReadyForDispatch #SpotPrice #Efficiency #RealTimeUpdates

Inventory is still growing...