Nicole Clausen, CSGGB, brings inventory management back to basics and shares five problems and how to address them.
- Is your problem “too much” or “not enough”?
- Is your problem “too many”?
- Is your problem “too price-y”?
- Is your problem “not enough info”?
- Is your problem “not enough money”?
Source: VETTED, October 17, 2018. Link. Inventory is like a business within a business. Uncontrolled inventory directly eats into profits, and properly controlled inventory can help invest in new services, expand and grow, and reinvest in the business and staff.
INSIGHTS: The biggest opportunities for inventory management improvements begin with good records and forecasting, followed by a team approach to managing SKU depletion and variety.