Proactively addressing potential issues in your business can prevent future problems, and inventory is especially important, as it is your biggest asset and represents a significant investment of company cash. 
First, what is inventory? Inventory is your … stuff. The stuff you have to make things, the stuff you sell, the stuff you use to run the office – basically, all the things that you use in your business to generate revenue.
Here are two tools to evaluate efficient inventory management.
Topics: inventory management, inventory, john shepperson, oates co, tools, turnover rate, obsolescence, purchasing policies
Small businesses face big odds, but despite the risk, many determined entrepreneurs take the plunge to go into business for themselves. If you are considering starting your own business, you are going to want to avoid common pitfalls and make sure you are as prepared as you can be to succeed in this tough environment.
Topics: Sage, customer relationship management, billing, enterprise resource planning, inventory, john shepperson, oates co, human resources management, payments, tools, new business
If you consider your critical business applications a strategic initiative Oates & Company is here to help.
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