Letting Inventories Get Out of Control

Letting Inventories Get Out Of Control

We have often seen business owners who haven’t got the slightest idea of what they have in their inventory unless they run out of a product or if they have fire or water damage in the warehouse and they have to come up with an inventory list for the insurance company. Do you realize how much cash can be tied up sitting in some warehouse or back room? Inventory is cash. Cash. What is needed to stay in business. A small business can’t be flexible with large, unmoving inventory. You must sell what you have which means you can’t adjust to quick changes in style or taste, which small companies have over large ones.