Welcome to the fifth and final part of my Inventory Management series. Last week I took a break to write about counterfeits, and I really appreciate all the feedback and conversation. I thought it was worth breaking up this series to get that article out faster. Today we’re talking general inventory strategy and some miscellaneous…
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This is part four of my Inventory Management series. Parts one through three are here, here, and here. Read them first if you haven’t already. I really appreciate the feedback I have been getting and I’m happy to answer questions. Today we’re talking about sunk cost. Sunk cost is not just an inventory management topic,…
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This is part three of my Inventory Management series. Two weeks ago, I led with an introduction talking about the purpose of inventory as well as some common mistakes. In short, inventory is there to support your sales which is how you make money. Last week, I talked about tracking your inventory and calculating your…
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Last week, I started my Inventory Management series by discussing some basic concepts and common mistakes. Today we’re going to get down into the weeds—we’ll start with tracking and then briefly touch on some metrics you can use to evaluate your performance. I’ll talk more about metrics in my next article, but accurately tracking your…
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Today I want to talk about inventory management. Others here at Brainstorm Brewery have touched on this subject, but I don’t feel like it’s been explored in enough depth. I think inventory management is a glaring weakness for many financiers, so much so that I am going to dedicate a series of articles to it….
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