Monday, June 14, 2010

Manage your Inventory to Save Money

Many times small business owners will hear about inventory management and immediately equate that to keeping inventories at low levels to improve cash flow. The “Just in Time” inventory philosophy that many businesses subscribe to has been discussed and expanded upon over the years. While it is important to not carry an excess of inventory which can tie up a company’s cash flow - for the small business owner this essentially mean their own cash flow- it is equally important to buy inventory in the correct size lots in order to maximize efficiencies and buying power.

At TshirtSupplies many times we see customers who order product once a week or every ten days. While on the surface this may seem like a good cash flow strategy it leads to over spending on the cost of the paper and on the freight to get the product to the customer. In some cases, a customer will have an unexpected job which necessitates paying for expedited freight to get the transfer paper to their workshop in short order.

The preceding problem can be eliminated by taking a look at your previous spending pattern with your heat transfer paper supplier, hopefully Tshirtsupplies.com, and seeing just how often you are purchasing your heat transfer paper. For example, if you review your purchases and notice that you ordered 100 sheet of the Jet-Pro SofStretch on average three times per month for the past 3-months, you may want to consider ordering 300 sheets once a month. This way you pay freight and handling charges just once and you avoid any situation where an order needs to be expedited.

Inventory management is a key control area for both large and small businesses. Just as a company can have too much inventory which can eventually lead to cash flow nightmares, it can have too little inventory which can lead to higher freight costs and lost sales. For more small business tips look for our newsletter and see the coupon below which should help our customers who want to try to take advantage of this tip.

25 comments:

許美玉 said...

人有兩眼一舌,是為了觀察倍於說話的緣故。..................................................................

曉薇 said...

好棒的地方 我一定要常來~~~^^~. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

志宏 said...

知識可以傳授,智慧卻不行。每個人必須成為他自己。......................................................................

珍昕珍昕 said...

知識可以傳授,智慧卻不行。每個人必須成為他自己。......................................................................

彥佳dk茹胡陳lil雨 said...

人有兩眼一舌,是為了觀察倍於說話的緣故。............................................................

JasonBirk佳琪 said...

Prevention is better than cure.............................................................

芸茂芸茂 said...

Prevention is better than cure.............................................................

陳美苓 said...

Beauty, unaccompanied by virtue, is as a flower without perfume...................................................................

國昆 said...

看後受益良多,謝謝∪ˍ∪......................................................

楊儀卉 said...

友誼能增進快樂,減少痛苦............................................................

王美妹 said...

Joy often comes after sorrow, like morning after night.. . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

RicoLisi0802志竹 said...

感謝予我如此動感的blog!..................................................................

黃書豪黃書豪黃書豪 said...

道歉是人類一定必要的禮節..................................................

陳泓程怡文發 said...

傻氣的人喜歡給心 雖然每次都被笑了卻得到了別人的心..................................................................

陳劉嘉韋蓉宣 said...

Lets cross the bridge when we come to it............................................................

姜堯林智超玟 said...

當最困難的時候,也就是離成功不遠的時候。..................................................

佳陳容 said...

變天了~~注意身體,別感冒囉!............................................................

王志陳雅竹豪 said...

令人心動的好文章~~............................................................

蕾蕾 said...

人生匆匆-把握當下,支持鼓勵~事事如意~..................................................

國林林林林維 said...

凡走過必留下痕跡!不留言對不起你!............................................................

佳張張張張燕張張張張張 said...

人類的聰明,並非以經驗為依歸,而是以接受經驗的行程為依歸。..................................................

洪勳劉耀德劉耀德華 said...

卡爾.桑得柏:「除非先有夢,否則一切皆不成。」共勉!.................................................................

alina said...

Barrister Global Services Network, one of premier provider of IT solutions, printer repair , Printer Service, managed print services, Barrister Global Services. Printing services as printer repair and Managed Print Services are among the best services provided by barrister.

Jessica said...

Barrister Global Services Network Complaints

Nicolas said...

Great Share......