Inventory Management for Small Business – 5 Helpful Tips

June 12, 2017

Inventory management is a challenge for any small business. Inventory equals cash and that cash is only accessible when the inventory is sold. The longer the cash is tied up as inventory the less work it is doing for your business. Furthermore, as inventory ages the likelihood of loss, damage and obsolescence increases, along with holding costs and working capital costs. Read more

10 Questions: How Effective is Your Inventory Management?

December 1, 2016

Inventory is a necessity in many businesses to enable service performance, but it is also one of the most significant investments many businesses make. Consequently, inventory must be managed effectively. Here we pose 10 questions that you should ask to determine how effective your inventory management really is. Read more

Logistics Planning for Startups

May 26, 2016

So you have a brilliant product, you know the target markets, you have a plan to engage those target markets, you have oodles of start-up cash, but how are you going to get your product to the market? Read more

Too Much Inventory

May 21, 2015

Inventory is usually the biggest cash investment a business makes every year and if you do not have an inventory policy, then that cash investment has no approval process. Read more