Inventory & Expiration Management
Master the essentials of inventory and expiration management to ensure profitability and minimize spoilage.
Expiration Management & Inventory Control
Mike explains how strong inventory discipline is the foundation of profitability. Forget hacks—this is about making sure your cooler doesn't become a liability.
FIFO Workflow & Visual Cues
Every case is labeled with a bold day/month/year stamp the second it arrives. Oldest stock is shelved front; newer stock gets pushed back—simple arrows guide even temp workers.
Crate liners are color-coded: red for <1 week, yellow for 1–3 weeks, green for 3+ weeks. Staff are trained on one mantra: front-load, restock from the rear.
This rule is embedded in the shift-end checklist every tech signs before clocking out.
Digital Logs & Automated Alerts
Paper logs are outdated. Every delivery is scanned and timestamped using VendHub or 365 backends.
The system sends a push alert 10 days before expiry and drops a soon-to-expire report into Google Sheets overnight—your to-do list is waiting when you wake up.
Use the barcode swap trick: relabel items in their last 72 hours with a promo barcode and run kiosk flash discounts to move them fast.
Shrink Targets & Spoilage Prevention
Mike holds a hard KPI—keep shrink under 2% of COGS monthly. Run a markdown bin weekly and slash 30% off items with less than five days shelf life.
Sealed items within 48 hours of expiry go to a local food pantry—it's a tax write-off and goodwill gesture. Every spoiled SKU is logged with where, when, and why to enable root cause audits.
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Complete the following exercises:
1. Reflect on your current inventory management practices. Identify one area where you could implement the color-coding system described. Consider how this change could improve efficiency and reduce errors in your organization.
2. Create a checklist of digital tools and alerts you could integrate into your inventory system. Think about how each tool could help you manage expiry dates more effectively and reduce spoilage.
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QUIZ
1. What is a key strategy for managing products nearing expiration?
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Leave your comments and questions below.
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