Effective Inventory Management: How it protects your most valuable asset
by Victor Rosenberg, Senior Analyst, RMSA Retail Solutions
Accurate inventory forecasting and management are critical for all retail businesses. Your inventory is the most valuable asset on your balance sheet, and to maximize your profits, you need to ensure you have the right mix of products in the right quantities in the right places at the right times. Buy too little, and you risk missed sales and disappointed customers. Buy too much, and you tie up your resources in merchandise you can�t sell, inflating your expenses, cutting your profits and hurting your cash flow. Buy the wrong things, and you get the worst of both worlds…. MORE
Source: On The Floor Journal
