If a large proportion of your total assets are held up in inventory, it is essential to know how well it is contributing to your bottom line. To answer that question, you’re going to need to crunch some numbers.
Mastering stock management is a delicate balance. For many businesses, it’s a tale of two halves – buying too much stock that doesn’t sell or not being able to keep up with the demand of the stock that does. So, what’s the solution?