Tag: profit

Blog | jnadealerprogram.com

How to increase your profit margins? It’s time to think about how you can increase your profit margin in specific ways. Improve inventory visibility to avoid markdowns. Markdowns should be avoided as much as possible because they are recognized profit drainers. What’s the best way to go about it? To begin, improve your inventory management. You should always be aware of your inventory, as well as your fast-moving and slow-moving objects. This will help you make better purchasing, sales, and marketing decisions, allowing you to sell more products with fewer markdowns. Improve the perceived worth [more]