BizKit Technologies
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PRIMETECH CUSTOMER STORY

How BizKit helped PrimeTech turn aging stock into PHP 4.0M+ in net sales by promoting each flagged item

With BizKit, PrimeTech Philippines (PTech) found buyers for stock that had sat for months. Our Stock Aging report flagged each aging item, and PTech agreed on a promotion for each one. Most of the promoted lines were selling within about six weeks of launch.

A tagged carton on a shelf

Results at a glance

PHP 4.0M+
Net sales from the promoted items
PHP 6.4M
Less money tied up in stock across the promoted lines
PHP 1.5M
Gross profit recovered from the promotions
About 6 weeks
From launch until most promoted lines had measurable sales

PrimeTech's new stock kept arriving, but slower items sat for months without a plan

PTech brings in new stock across several product categories. Slow items built up, and more and more of its money was tied up in them.

PTech often chose what to promote, and how, with no set plan or timeline. Some higher-value stock sat for months without a promotion as new stock arrived.

BizKit's advice gave each flagged item its own promotion, and PTech had bundles and ads live within about a week

PTech runs its stock on our inventory system. Its Stock Aging report flags each item that is aging or overstocked. With our advice, PTech agreed on a promotion for each flagged item.

Sample records in BizKit's Stock Aging report: the days of stock on hand for each item, a recommendation to sell off the excess on most of them, and the value of each item's aging stock.
Sample records in BizKit's stock aging report.

It followed through on each one, using five kinds of promotion.

  • Bundles that made slow items more appealing to buyers
  • Online ads aimed at slow product lines
  • Outreach through PTech's own sales and partner channels
  • A place in a major seasonal selling event
  • Price changes to help promoted items sell

Within about a week of our advice, PTech's bundles and ads were live. Its outreach to partners had begun too.

With BizKit, PTech's promoted stock brought in PHP 4.0M+ in net sales

The promotions also recovered PHP 1.5M in gross profit. Across the promoted lines, the money tied up in stock fell by PHP 6.4M.

At the latest check-in, one promotion had no recorded sales yet. It stays open for the next review. PTech is still getting used to the system, and a few steps cause problems.

With promotions planned from its own data, PTech can move slow stock sooner

Planning promotions is becoming a habit at PTech, built on what the report shows. Some kinds of promotion did better than others, so PTech can repeat them. Promotions timed around big selling seasons can move slow stock faster.

There is still a delay between an item being flagged and its promotion starting. PTech has the most to gain by shortening that delay. Promotions do not all sell at the same pace. PTech and our team track how each one sells, to see sooner what works.

Questions about the Stock Aging report and working with BizKit

What does the Stock Aging report do?

It flags each item that is aging or overstocked, for your team to review. At PTech, we helped the team agree on a promotion for each item. PTech then carried out the plan.

What does BizKit do after go-live?

Go-live is the day you start running on the new system. Our project team shadows your first live runs.

Our Operations team then runs health checks and gives support. It meets your team every two weeks. In our Drumbeat meetings, we use your data to recommend what to do next.

What happens if a promotion does not sell?

It stays open for the next review. We track how each promotion sells, so a slow one shows up early and the plan can change.

Is slow-moving stock tying up your cash? Talk to us about what to sell first.