The Challenge of Running an Electronics Business in Alaba
Alaba International moves fast. Phone prices drop overnight, generator prices spike with every naira devaluation, and dealers take large quantities on credit. In this environment, tracking stock manually isn't just inefficient. It's expensive.
Prices change constantly: and your margins disappear with them
You bought phones at one price, but by the time you sell them the market rate has shifted. If you're not tracking your exact cost price per unit, you may be selling at a loss without knowing.
Credit dealers take large quantities: and payments come in slowly
Your dealer customers take 20, 50, sometimes 100 units on credit. They pay in instalments. Tracking all of this across multiple dealers in a book is nearly impossible.
Mixed-up stock costs you on returns and supplier disputes
Without clear records of what you bought, when, and from whom, sorting out returns becomes a long argument with no winners.