The way in which your wholesale distribution business manages inventory has a direct and critical impact on your overall success and long term viability. Successful business owners understand that inventory represents their livelihood and its importance should never be underestimated or undervalued.
This guide provides best practices for managing your inventory, whether you’re a small business or large, and provides insights into the types of tools and systems that can help.
Learn more about specific inventory management best practices such as:
Inventory management goes hand-in-hand with proper accounting and financial management. It's important to track inventory costs, set prices and manage the invoice process. Advanced functionality such as barcode scanning, lot tracking and landed cost tracking also allows your business to further improve processes.