Issue link: https://www.ascpskindeepdigital.com/i/1545716
Peace of mind for your property. Add Business Personal Property Insurance at ascpskincare.com 77 Maintaining high standards of quality of product is also important to give your clients peak results, while possibly preventing allergic reactions from expired products and inactive preservatives. Doing this will ensure constant client rebooking. Each product generally has a 12- to 24-month suggested manufacturer usage based on the preservatives in the product. Only products with an SPF or specific acid usually have an actual expiration date on the package. Once a product is opened, it's important to note somewhere on the bottle or tube when the product will expire. Regular review of all the backbar will ensure freshness for optimal results. Odd consistency, change in color, and/or strange fragrance can indicate an expired product that should be immediately replaced. INVENTORY CHAOS Everyone loves to save money, and a lower price on a backbar product can contribute to increased profit, but only if you use it up on a regular basis. Take into consideration expiration dates, especially products containing sunscreen and certain acids, to make sure you don't rebuy if you still have an open bottle that is not being used quickly enough. You want to prevent products from expiring before they get completely used. Keeping an eye on the following behaviors can help you keep your inventory in line. Overstocking Just in Case This takes up valuable space, ties up working capital, and is sometimes a natural (though unnecessary) habit. My wife recently gave me a list of items to get at the grocery store. On the list was something I really liked, so I naturally purchased two. When I got home, my wife asked me, "Why did you buy two of these?" I replied that I don't want to run out. She politely pointed out that one jar normally lasts our household 2–3 months, and now we might have a six-month supply. I had no idea how long it took to use up that item though it's one of my favorites—so it makes sense you, your employee, or a coworker might not realize how fast a particular product is being consumed either. The "Favorite Product" Problem Imagine a service provider who loves a particular product and uses it in all services, whether it's necessary or not. As an example, one of my spa owner clients lost the service provider who had been making their backbar purchasing decisions. When I met with the owner and we did a walk-through of inventory, we found 14 of one product that happened to be the former service provider's favorite. Those 14 products were tying up bottom-line cash and would take the spa approximately 10 years to use. The solution was to contact clients who purchased that product in a smaller retail size to offer them a special on the professional size to clear inventory and recoup the cash investment. Theoretical vs. Actual Services Sometimes what we think is happening is not necessarily the case after reviewing actual activity. For example, a service provider might believe "we treat a lot of sensitive skin" and purchase backbar for that skin condition. However, when services are analyzed, you might have a total of 100 clients per month but only three receive sensitive skin treatments. Once a product is opened, it's important to note somewhere on the bottle or tube when the product will expire.