P H O T O C R E D I T: B Y J A N I N E

STEPS TOpainlessINVENTORYmanagement5

INVENTORYmanagement

YOU’RE BUSY

P H O T O C R E D I T: S H E R M E E E

YOU’RE BUSYand it’s boring

P H O T O C R E D I T: S H E R M E E E

BUT…

CRITICAL TO RUNNING A BUSINESS

P H O T O C R E D I T: L O U I S H P I X E L

AVOID THESEcommon mistakes

#1: TOO MUCH INVENTORY

P H O T O C R E D I T: P E T E R B O D E N

Identify and quantify less obvious patterns such as month-end spikes.

THE FIX

#2: INACCURATE INVENTORY TRACKING

P H O T O C R E D I T: A N S I K

Use electronic data interchange and bar code scanning.

THE FIX

#3: LACK OF PRIORITIES

P H O T O C R E D I T: M T 2 3

Focus on the items that matter most.

THE FIX

#4: USING SPREADSHEETS

P H O T O C R E D I T: S E R O LY N N E

Use software so you have a central database.

THE FIX

#5: NO BACKUP PLAN

P H O T O C R E D I T: F U T U N D B E I D L

Backup your data or save to the cloud. Also, send a backup copy of

your inventory data to your accountant every month.

THE FIX

INVENTORYmanagementMADE EASY

1TOO MUCH INVENTORY

2INACCURATE TRACKING

3LACK OF

PRIORITIES

4USING

SPREADSHEETS

5NO BACKUP

PLAN

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