January 2022
For many companies, especially manufacturing firms, balancing your inventory costs is vital to your company's success, but it can also be a guessing game that is difficult to predict. Playing a vital role in successfully managing growth from your business strategy, inventory cost management requires an effective system to sustain. With an overall effective inventory management system in your company, it's much easier to capture the appropriate costs, to include your overhead expenses, so that you're able to implement sales and pricing strategies that improve your company's profitability and growth.
