Inventory and Retail Strategy Flashcards
7 cards from real Beauty Business practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Inventory and Retail Strategy flashcards as text
A salon's retail products are collecting dust while service revenue climbs. What is the FIRST step to fix slow-moving stock?
Answer: Analyze sell-through rate by SKU
Sell-through rate reveals which SKUs move slowly so decisions target real data.
What does 'inventory turnover ratio' measure in a beauty retail business?
Answer: How many times stock is sold and replaced in a period
Turnover ratio shows how often inventory is sold and restocked over time.
A spa wants to reduce cash tied up in unsold products. Which strategy directly helps?
Answer: Just-in-time reordering of fast movers
Just-in-time reordering minimizes cash locked in slow inventory.
Which product placement most increases impulse retail purchases at a salon checkout?
Answer: Small add-on items near the register
Small, affordable items at checkout drive last-minute impulse buys.
What is a key benefit of the stylist recommending the retail products they use during a service?
Answer: Higher trust and conversion from demonstrated results
Clients trust products they saw work on their own hair or skin.
A retailer notices frequent stockouts of a best-seller. What inventory metric should they set?
Answer: A reorder point (par level)
A reorder point triggers restocking before a popular item runs out.
Which practice best prevents shrinkage from theft or misuse of salon retail stock?
Answer: Regular physical inventory counts and reconciliation
Frequent counts reconciled against records catch losses early.