Profitable Inventory Management
Inventory has a major impact on both your profitability and your cash flow. From the profit viewpoint, if you don't have the right items in stock, you can't sell them. Therefore you forgo the income that you might have otherwise made. From the cash flow aspect, if you have excess inventory, it ties up cash so your cashflow suffers. You might have to borrow more and that brings in interest costs as well; which further damage your profitability. This group of Profit Savvy articles offers our distilled wisdom on inventory management for profit and cashflow.