3 Common Inventory Management Mistakes You Can Avoid
A retail business, inventory is arguably one of its most important assets. As any merchant knows, inventory is an investment. And, as an investment, that inventory costs you money until the product is sold—from the initial cost of the item, to the money it costs to track, store, and insure it. So, it’s incredibly important to make sure that your inventory moves as fast as possible. Moving product means inventory management is going to have to become a top priority—if it isn’t already. Here are 3 common inventory management mistakes you can easily avoid with the right planning. Make sure your employees know how to handle your inventory. Making sure your employees are qualified to handle your inventory and/or ensuring that they are properly trained on your inventory management system…