Financial Literacy: Money Talks – Merch: Inventory or Just In Time (Shipping, Returns, Payment Systems)

Have you ever wondered how your favorite stores always have what you want, right when you want it? Get ready to uncover the secrets as we dive into the spellbinding world of merchandise management and discover the tricks stores use to keep their shelves stocked and customers happy.

1. Inventory: The Store’s Treasure Chest
First up, let’s explore the world of inventory. This is like a store’s treasure chest, filled with all the goods they sell. Learn how businesses decide what to stock, how much to keep, and the magic of keeping track of everything from t-shirts to toys.

2. Just In Time: The Timing Trick
Now, for a bit of timing magic – the Just In Time method! It’s like a wizard’s spell for getting products exactly when they’re needed, not too early or too late. Discover how this method helps stores save space, reduce waste, and always have fresh, new items.

3. Shipping: The Journey of Goods
How do all these items get to the stores? Behold the world of shipping! We’ll take a look at how products travel from factories to store shelves. Understand the challenges of getting items delivered fast and the impact of delays in this magical journey.

4. Returns: The Reversal Spell
Not everything goes as planned. Sometimes, customers return items. Learn about the ‘reversal spell’ of returns – how stores handle them, why they’re important for customer satisfaction, and the tricky business of managing returned merchandise.

5. Payment Systems: The Exchange of Gold
In the old days, people traded goods for gold. Now, we have payment systems! Unravel how different payment methods work, from cash to credit cards to digital wallets. It’s like choosing your wand for the transaction spell!

6. Interactive Games: Be a Merch Master!
Get ready for some interactive enchantment! Participate in games where you decide what to stock, how to manage inventory, and deal with shipping and returns. You’ll get a taste of what it’s like to be a Merch Master and run a successful store.

Join us for this magical journey into the world of merchandise. By the end, you’ll understand the spells and charms businesses use to manage their products, keep customers happy, and make shopping seem like magic.

The event is only possible because of the generous support of the Ohio Developmental Disabilities Council.

Please register below or by email: Alyssa@WeThriveTogether.org