Inventory Best Practices for SMEs
Good inventory habits help small businesses protect stock, reduce losses and improve profit.
Keep stock records updated
Purchases, sales, returns, damage and adjustments should be recorded promptly.
Count stock regularly
Regular counting keeps records accurate and helps identify missing items.
Watch fast and slow movers
Fast-moving stock needs careful reordering. Slow-moving stock needs attention before it traps cash.
Review suppliers
Supplier price, quality and delivery reliability all affect stock control.
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