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Expiry Product Management

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55 views1 page

Expiry Product Management

Uploaded by

ahsanuladib018
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Expiry Product Management

1. Inventory Tracking System: Implement a robust inventory tracking system that records the
purchase date, expiry date, and quantity of each product. This system should provide real-time updates
and alerts for approaching expiry dates.

2. First In, First Out (FIFO) Method: Train staff to follow the FIFO method, where older products
are shelved in front of newer ones. This ensures that products with closer expiry dates are sold first.

3. Regular Stock Checks: Conduct regular stock checks to identify products nearing expiry. This can
be daily or weekly, depending on the shelf life of the products.

4. Expiry Date Monitoring: Assign specific staff members to monitor expiry dates regularly. They
should be responsible for flagging products nearing expiry and taking necessary actions.

5. Discounting or Removal: Develop a clear policy for managing expired products. Depending on
the store's policy and regulations, you may choose to discount products nearing expiry to encourage
quick sales or remove them from shelves altogether.

6. Rotation Schedule: Create a rotation schedule for products with shorter shelf lives, such as
perishable goods. Ensure that these products are regularly replenished with fresh stock.

7. Training and Awareness: Train employees on the importance of managing expired products and
the potential risks associated with selling them. Encourage them to be proactive in identifying and
addressing expired items.

8. Communication with Suppliers: Maintain open communication with suppliers to ensure timely
delivery of fresh stock and to address any issues regarding expired products.

9. Donate or Dispose: Establish partnerships with local charities or food banks to donate edible
but expired products. For products that cannot be donated, ensure proper disposal methods in
compliance with environmental regulations.

10. Customer Awareness: Display clear signage indicating the importance of checking expiry dates
and encourage customers to report any expired products they encounter.

11. Documentation and Analysis: Keep detailed records of expired products, including the reasons
for expiry (e.g., overstocking, slow sales). Analyze this data regularly to identify trends and adjust
ordering and stocking strategies accordingly.

12. Continuous Improvement: Regularly review and update your expiry product management
processes based on feedback, industry best practices, and changing regulations.

By implementing these strategies, a supershop can effectively manage expired products, minimize
waste, and maintain customer satisfaction and safety.

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