5:46 PM
Inventory or stock represent a large portion of the business investment and must be well managed to maximize profits. The most common problems with inventory are that they are:
- uncontrolled
- inefficient
- costly
- unreliable
Companies usually lean towards keeping inventory levels on the high side to insure stock is available when needed. However, this is a high investment which yields a lower return on the dollar invested. Inventory Solutions can help you improve your inventory control so that you:
- Maintain a proper variety of required items
- Increase inventory turnover
- Reduce and optimize inventory and safety stock levels
- Obtain lower raw material prices through creative supplier networking
- Eliminate obsolete items
- Increase cash flow and working capital
- Reduce storage cost
- Reduce insurance cost
- Reduce taxes