It’s no surprise that inventory is one of the top expenses for a small business. Your aim is to have exactly what people want and need the moment they walk in your store. However excess inventory can mean the difference between a profitable business and one that shuts its doors. If you are lucky and have a steady business flow, you will still be leaving money on the table if there is inventory sitting on your shelves for long periods of time.





Comments


Written by lyceum
4325 days ago

The main focus should be that you don't bind too much inventory and that you secure a good service level at the same time. How quick is your turnover rate? Do you have items that have become "shelf warmer"?



Written by HeatherStone
4325 days ago

Great points, Martin, and thanks for sharing the post, Leah. I think there are many important lessons here for any small business owner involved in retail.



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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!