Guide to business inventory management: a step

This guide will walk you step by step through all the essential phases of successfully manage your inventory. You will learn exactly how to manage and control you inventory in a way that will allow you to make money and still be competitive "Inventory" to many small business owners is one of the more visible and tangible aspects of doing business. Raw materials, goods in process and finished goods all represent various forms of inventory. Each type represents money tied up until the inventory leaves the company as purchased products. Likewise, merchandise stocks in a retail store contribute to profits only when their sale puts money into the cash register. In a literal sense, inventory refers to stocks of anything necessary to do business. These stocks represent a large portion of the business investment and must be well managed in order to maximize profits. In fact, many small businesses cannot absorb the types of losses arising from poor inventory management. Unless inventories are controlled, they are unreliable, inefficient and costly. Here's the Table of Contents 1. Introduction 2. How to Successfully Manage Your Inventory 3. How to Develop a Purchasing Plan 4. How to Control Your Inventory 5. Advanced Inventory Management Strategies 6. How to Improve Your Inventory Management System 7. Inventory Tips for Manufacturer Appendix: Business Management Information Resources My name is Meir Liraz and I'm the author of this book. According to Dun & Bradstreet, 90% of all business failures analyzed can be traced to poor management. This is backed up by my own experience. In my 31 years as a business coach and consultant to businesses, I've seen practically dozens of business owners fail and go under -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work. And that is where this book can help, it will teach you how to avoid the common traps and mistakes and do everything right the first time.