3 ways to keep inventory under control

Description

Abstract: Excessive or obsolete inventory can be a big drain on your cash flow. In addition to the cost of purchasing or manufacturing it, there’s a significant cost just to keep it on your shelves. The more inventory you have, the greater your expenses for transportation, storage, handling, insurance and financing. In some states, inventory is even subject to personal property tax. This article describes three ways to keep inventory (and your costs) under control. (Updated 4/4/12)