Many who achieve success with dollar stores recognize the importance of timing when it comes to replenishment dollar store merchandise orders. Unfortunately many who are just starting their dollar store business don't realize the level of focus that must be placed on this important effort. For example they don't realize there is a need for merchandise to be in-route to their store as the grand opening event unfolds for their business. They just assume they will examine inventory levels periodically and order when they discover they have sold out of items. Unfortunately shoppers in today's marketplace are well informed and will simply take their business elsewhere when your store is allowed to run out of the core essentials they need.

In this article I provide an overview of the important steps associated with maintaining an appropriate inventory level in your store.

* Start business with a fully stocked store.

Success with dollar stores demands that your store be fully stocked with the hot-selling, in-demand merchandise your shoppers seek. Don't assume inventory is the place to cut corners. You must project funding to include filling the shelves of your sales floor.

* Start business with a small back-up inventory of core consumables.

While the general rule of thumb is to minimize or even eliminate back stock inventory, the dollar store merchandise meeting the basic, core needs for your shoppers must always be available. As you are learning, adding a small safety stock area in your back room for these items might be a wise decision.

* Order replenishment merchandise prior to your grand opening event.

That's right; bring in a small order of the core necessity items your shoppers must have at all times even before the doors are open. Don't go overboard with these orders, but do be sure you will have the consumables back in-stock immediately after grand opening day.

* Conduct an inventory examination following the grand opening event.

Success with this business requires you constantly know inventory levels in your store. Start the process by examining inventory levels immediately following your grand opening event. Make sure all core consumable inventory levels are adequate. Carefully reorder the best selling items to insure they don't run out as well.

* Use small frequent orders to minimize back stock inventory levels.

Minimize the levels of back stock inventory and even on-floor inventory by making small, frequent orders from your suppliers. While this does require more work, and at times will cost a little more, not having your money tied up in a stock room filled to the ceiling with dollar store merchandise saves you money as well.

To your success with dollar stores!

About the Author:
Find out how you can open your own dollar store business. Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.