Purchasing and Sourcing

Both activities get products into your store.

One should be automated, the other one needs a bit more intervention from you.

Purchasing is a formula built using a few variables- stock status, historical purchase, sale’s growth (or decline) etc. You should have a system that tells you this automatically. Your time is better spent elsewhere.

Sourcing is a bit more intuitive. A bit of trials and errors, hits and misses. Having a budget will also help reduce the risk. You get better the more you do it.

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