How to Manage Your Inventory More Efficiently

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  1. 1. never miss a sales opportunity identify problems before they start conduct accurate trend analysis minimize costs to maximize profits YOURE LOOKING TO: 1 3 2 4 If your most important goal is to keep customers track sales and available inventory communicate with suppliers in real time notify when and how much to reorder receive data MANAGE YOUR INVENTORY? (the process of overseeing the constant flow of units into and out of an existing inventory) YOU CANT MAXIMIZE PROFITS WITHOUT KNOWING: 1 32 4 5 how much you have at any given time if theres enough to fill orders and when to order more remain flexible incorporate data At the bare minimum inventory management systems should provide all this so you can allocate inventory to orders shipping today, tomorrow, or a month from now. happy, allow an inventory management system to produced by: why wouldnt you MANAGING matters because inventory is cash how much you YOUR INVENTORY IN DISGUISE WANT TO KNOW so you want to how much youve received how much to pay suppliers