If you’re a maker selling products or just starting out with your product-based business, formally managing your inventory is probably the last thing you are thinking about. However, as your business grows and your sales channels diversify, sales will increase and the need for tracking sales, stock and supplies will be critical. A solid inventory management process will save you tons of time and headaches.
Establishing a process can feel overwhelming and time-consuming but this information should help you just as it helped me. This is part one of a series on Inventory Management that will be posted over the next month, so be sure to look out for each post as we dig deeper into the elusive “Inventory Management” process. I’m NOT AN EXPERT, I am a maker selling products and learning right along with you. I’ve done some research and have put some things into practice so I am hoping to steer you in the right direction and links to additional resources will be available throughout each post. Check them out so you can learn more about what may be applicable to your specific business. Let’s get to it!