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15 Inventory Management Techniques You Need to Use Today

Ever heard of a successful business that became successful while mismanaging its inventory? We haven’t either. They don’t exist. Sure, there are plenty of mammoth companies that mismanaged their inventories and lost billions after becoming successful. Walmart losing...

3 Profit-Boosting Advantages of ABC Analysis of Inventory

ShareTweetShare How do you effectively manage different types of inventory for maximum profit and lowest cost? You segment them into different categories, making it easier to track them and use your resources appropriately. So what method can you use to sort your...

Out of Stock? Here are 5 Ways to Prevent Stockouts for Good

Share1TweetShare In business, there’s one phrase you never want to say: “We’re out of stock.” But we’ve all said it. And every time we say it, we tell ourselves we won’t say it again. Until we do. You shouldn’t beat yourself up about it, though. Small business owners...