How to manage your inventory better
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Many, many years ago, when I was still working for an auditing firm, there were no mini-computers yet. At the end of the year, we conduct physical inventory count. I happen to have a client who sells auto parts. Imagine doing a physical count of auto parts. If you think physical inventory count is easy, try it on this line of business! I’d rather be a porn star!!! It took us several weeks and a number of audit staff to finish the job. Orders, fulfillment and shipping were done manually. There’s the inventory card they use to maintain transactions. That’s what we compare with our physical count. Imagine how crazy it was when you have a medium size auto parts business. Commander Business Management Systems changes that with inventory tracking software. If you’re still doing your inventory tracking manually, forget about expanding your business because it will be a nightmare. Using an inventory tracking software clearly puts you in a good position to effectively manage which inventory sells fast, which ones are getting obsolete, which ones needs to be replaced sooner. With this, you can manage your operating cash flow better and you are able to think strategically of expanding your business.
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