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References in periodicals archive ?
The truth is, slow-moving inventory may be doing you more harm than you realize.
By restructuring its existing agreement that involved its sale of excess or slow-moving inventory to a third party, the taxpayer in Volvo "rode the learning curve" to a favorable outcome at trial and on appeal.
According to the SBA, others include: • Maintaining a wide assortment of stock -- but not spreading the rapidly moving ones too thin; • Increasing inventory turnover -- but not sacrificing the service level;• Keeping stock low -- but not sacrificing service or performance; • Obtaining lower prices by making volume purchases -- but not ending up with slow-moving inventory; and • Having an adequate inventory on hand -- but not getting caught with obsolete items.For Laura Havlek, owner of Sonoma, Calif.'s Sign of the Bear, successful inventory management at her 3,000-square-foot kitchenware store involves keeping a watchful eye on what's selling and what's not selling -- by item, department and vendor.
He has used Argent Trading's services on three different occasions to liquidate slow-moving inventory. Aziz was able to use his credits for media advertising and as partial payment for renting his office space and distribution center.
Your laundry service vendor should be able to provide a slow-moving inventory report, which will highlight any garments that can be returned to the laundry to reduce inventory levels.
By replacing slow-moving inventory with products that have a true added value, retailers can achieve superior margins on traditional products while exploring the many available options in digital products.
In such cases, retailers do not pay for products until they are sold and money is not tied up in slow-moving inventory.
Conversely, when projections are not met, Hollander is left with unusable inventory, "or very slow-moving inventory, which ties up space and money."
In fact, Goupil discovered, half of FileMaker Inc.'s SKUs "just weren't moving at all." Worse, the proliferation of versions often confused the company's customers and left distributors with a good deal of slow-moving inventory.
Identify slow-moving inventory, and places where your store needs cleaning, painting, or updating.
The goal of Mathews' project is to improve inventory efficiencies by reducing slow-moving inventory, filling inventory gaps and streamlining order and transfer procedures among stores and implementing standards for efficiency.