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9 Proven Tips to Control Your SMB Inventory

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arwendt View Drop Down
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    Posted: Apr 25 2013 at 3:28pm

Simply Powerful eCommerce

By Crystal Wells, Product Marketing, Vendio

Controlling inventory is the ongoing process of identifying and managing the constant flow of items into and out of an existing inventory. When you don't know exactly what inventory you have available, where it is located, or where it is for sale, it's going to be difficult to manage your inventory effectively and can lead to an ever-increasing number of problem areas.

Inventory Tips:

1. Make sure all your items are for sale. Items that are on hand but not listed for sale can't be sold. Thus, if you have boxes of items that are not listed for sale, they are not inventory (they are storage).

2. Understand your lead time. Lead time is the amount of time between order and arrival. While most sellers would love to run their business using "just in time inventory", uncertain lead times can cause a seller to run out of inventory.  Lead time varies by supplier, seasonality, and even by item.

Click here to read the full post on Inventory Control Tips on the SMB Now Small & Medium News Magazine.

“Sell not virtue to purchase wealth, nor Liberty to purchase power.” Benjamin Franklin - More at my Words of Freedom website.
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