The Aged Inventory Management System (AIMS) is a proven, systematic approach to reducing the accumulation of old inventory. It manages aging inventory through a tiered system of spiffs (bonus commission) and mark downs that are applied at specific age thresholds.
Once set up, AIMS should be run once a month. Each time it is run the system will display a list of eligible items with a preview of the proposed spiff or mark down changes giving you the opportunity to review and, if desired, exclude items from repricing.
After being repriced, a bonus poster is generated to showcase items with spiff to your staff and in case signage is generated to advertise clearance items to your customers.
NOTE: This feature is designed to work in concert with the Weekly Buying Plan to develop a “just in time” buying strategy that emphasizes ordering in smaller, smarter quantities more frequently.