In this premiere episode of "Smoke Break," host Mike tackles the critical topic of inventory management for convenience store managers. Learn essential strategies for maintaining optimal stock levels, implementing FIFO methods, and building strong supplier relationships to maximize sales and minimize waste. Discover practical tips you can implement immediately to improve your store's inventory control.Show Notes:Key aspects of effective inventory management: Product categorization and trackingUnderstanding sales patternsSetting par levelsImplementing FIFO methodRegular physical inventory countsSupplier relationship managementStaff training importanceTechnology integration tipsWeekly Challenge: Set up a par level system for one product categoryQuiz Question: Importance of FIFO methodKey Takeaway: Inventory management is an ongoing process requiring consistent attentionAction Item: Track stock levels and ordering process for one monthDuration: 5-10 minutes Tags: #InventoryManagement #StoreOperations #RetailManagement #FIFO #ConvenienceStore #StockControl

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