Start with a buying budget every 6 months

on 22 June, 2013

July being the beginning of a new financial year is the time to prepare and plan your buying budget for the next six months.

Before buying any product, be it equipment or apparel, prepare a budget that details how much you plan to purchase by category and brand each month. 

This helps ensure you’ll be in a better position to sell the products in a timely manner while avoiding inventory shortages (lost sales) and surpluses.