{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Thrive: Leadership Skills for C-Store Managers","title":"Managing Inventory and Minimizing Waste","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/7c9fff11\"></iframe>","width":"100%","height":180,"duration":1057,"description":"Thrive from C-Store Center - Managing Inventory and Minimizing WasteEpisode 36 Duration: 17 minutesJoin host Mike Hernandez exploring inventory management, waste minimization for convenience store managers. Learn efficient tracking, control, ordering optimization, waste reduction maximizing profitability, customer satisfaction, operational efficiency.Episode OverviewMaster essential inventory, waste management elements:Inventory management: flow controlling, stock optimizing, challenge addressingTracking, control: manual, barcode, RFID, shrinkage preventingWaste minimizing: expired product, overstocking, damaged good reducingOrdering, replenishment: forecasting, par level, reorder pointEmployee training: comprehensive program, ownership fosteringPerformance measuring: KPI tracking, continuous improvingInventory Management UnderstandingFoundation establishing:Inventory management overseeing controlling good flow into, out storeEnsuring right product available right quantity right time meeting demandConvenience store facing unique challenge limited space perishable good short shelf lifeEffective management essential optimizing stock level preventing stockoutBalancing enough inventory meeting demand without overstocking tying capitalInventory Tracking ControlMethod implementing:Tracking method varying manual spreadsheet to barcode scanning to RFID technologyManual tracking sufficing smaller store time-consuming prone errorBarcode scanning assigning unique code using scanner updating automaticallyOffering greater accuracy efficiency larger storeRFID using radio frequency tracking item real time unparalleled accuracyAccurate count essential identifying discrepancy preventing shrinkageReal-time tracking enabling quickly identifying difference investigating promptlyControl measure implementing regular audit stock rotation FIFO LIFO principleAudit physically counting verifying accuracy identifying discrepancyRotation ensuring older product sold before newer reducing...","thumbnail_url":"https://img.transistorcdn.com/IC64CMUXXIPsHsu2Qrjl3FMVeGR5CQc1gMIBkPlla3A/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85YTUz/NzllYTU3MzYyNzll/YjM0YTUyNzEzMzIx/ZWQ2OC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}