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Startup Tips

Take control of your inventory

Whether you run a mom and pop or a big business, effective inventory management is a must.

Many entrepreneurs tend to overbuy inventory to take advantage of quantity discounts especially if the merchandise is imported abroad, or when they project their sales targets too high for a forthcoming holiday season. While this could be financially beneficial, the risk of ...

by Henry Ong  | July 30, 2013 10:00:00
Startup Tips

Good inventory management equals big profits

Maintaining inventory costs money, but not having enough stocks means your supply would be compromised. Here\\\'s how to strike a balance.

The growth of businesses engaged in manufacturing or retail products distribution means the entrepreneur must constantly deal with an increasing list of inventory items to manage.According to supply chain expert Arthur Kessel of logistics and freight handling company Accela Inc., a business ...

by Rafael Santos  | April 03, 2012 07:00:00