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Maximize your inventory: Understanding and utilizing your Sell-through rate

By January 28, 2023February 7th, 2023No Comments

The Sell-through rate report is a crucial metric for any business that holds inventory. It tells you the percentage of products you have sold compared to the amount you have on hand. Understanding your sell-through rate can help you make informed decisions about managing your inventory, such as when to reorder or discontinue certain products.

To access the Sell-through rate report in Assisty, simply login to your account and navigate to the Reports section. You can search for the Sell-through rate report by name and access it with just a few clicks.

Once the report is open, you’ll see your inventory’s sell-through rate for each product. You can also filter the information by date range, product category, and other factors to get a more detailed view of your data.

One of the most important things to look for in this report is products with a sell-through rate below 50%. These products are not moving as quickly as you would like and may be candidates for discontinuation or reordering at a lower quantity.

Another essential thing to note is any changes in the sell-through rate over time. If you see a sudden decrease in the sell-through rate, it could be a sign that something has changed in the market or with the product itself. In this case, you may want to investigate further to see if you can do anything to improve the product’s performance.

Ready to take your inventory management to the next level? Try Assisty, the ultimate inventory management solution for Shopify. Our app allows you to quickly track and analyze your inventory data, set reorder points, and much more. Plus, with our new Sell-through rate report, you can quickly identify which products are selling well and which ones need improvement. Don’t wait; install Assisty now and start optimizing your inventory today!

 

Steve Ngo

Author Steve Ngo

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