Inventory & Expiration Management
Master the principles of inventory and expiration management to ensure profitability and reduce waste.
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Paper logs are outdated.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. What systems do you have in place for expiration management, and how do they compare to the methods discussed? Consider implementing at least one new strategy to improve efficiency and reduce waste.
2. Try setting up a small-scale version of the color-coded crate system. Label a week's worth of inventory using the red, yellow, and green system. Observe and note any changes in how quickly items are moved and how it affects your waste management practices.
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QUIZ
1. What is a key benefit of using a color-coded crate system in inventory management?
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Leave your comments and questions below.
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