Tips for Success by Expert Accounting
In many retail operations, inventory is often the most valuable asset held by a company.
Carrying the proper levels of your top selling items by category requires a management plan, aided by:
- Past historical sales data
- Knowledge of industry KPI’s
- Detailed reporting
Maintaining proper inventory levels can have many positive effects on your operation. Lower bank charges, increased cash flow, lower warehouse expenses, increased GMROI and the ability to take advantage of early payment discounts all contribute to higher operational efficiencies and profitability.
Contact us today to learn how we can help you achieve this!
