What is the first step in managing salon inventory?

The first step in managing salon inventory is conducting an inventory assessment to determine stock levels. This procedure is crucial as it provides a clear picture of what products are currently available, their quantities, and their condition. Understanding existing stock levels allows salon managers to make informed decisions about what needs to be reordered or replaced.

By evaluating the inventory, managers can identify which items are running low, which are surplus, and which may be nearing expiration or are no longer in demand. This foundational understanding is essential for effective inventory management, influencing subsequent actions like organization, budgeting, and the removal of outdated products. Therefore, establishing a comprehensive inventory assessment sets the stage for all other inventory management processes.