Inventory Management: The Money Sitting on Your Shelves
Inventory is more than the products sitting on your shelves. For many businesses, a significant portion of their working capital is tied up in stock, making effective inventory management essential to cash flow, profitability and business growth. From knowing when to reorder and how much to purchase, to valuing stock and identifying slow-moving products, the way a business manages its inventory can determine whether its money is working for the business or simply sitting idle.
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