Inventory Management is the cornerstone of running a product based business. Without inventory you have no product to sell! Managing your inventory can be a difficult task, that is why we have a whole series dedicated to Inventory Management!
Have you ever driven past your neighborhood shopping center and noticed a shiny new “Consignment store” just popped up seemingly out of nowhere? It kind of makes you stop and think about the word “Consignment” … some of you may be stuck wondering just what the heck it is!
A healthy inventory is the life blood of any product-based business. Seems simple right? Without product, you have no way to make money. However, the challenge comes in keeping up with current trends, seasonal items, and economic conditions.