As an Optical Buying Group representing Frame Companies - Cases & Accessories as well - we are definitely stepping out-of-the-box with the following statement…but here we go. “You may have too many frames on display in your office.” Can you believe I just said such a thing?
Well by accounting standards, any “business” that carries inventory needs to turn that product a minimum of four times per year. That will maximize cash flow while minimizing obsolescence. With that in mind, simply do the math. If you sell 1,000 frames per year, then your sample frame inventory needs to be in the 250 unit range. 2,000 frames per year?…500 frames on display. It’s an easy rule of thumb for most professional offices.
Now this concept applies on any inventory you purchase. Contact lens inventories probably do not apply for most professionals, because the majority of contacts on-hand these days are considered fitting lenses = you didn’t buy them. But office supplies, eyeglass cases and the aforementioned frames, definitely count.
Finally, use your display frames on Rx whenever possible. It keeps things fresh.
…just a little “good business” practice from your friends at OptiGroup.
0 Responses to “How Many Frames?”