Construction and inventory don’t always go hand in hand, but it’s important to understand your company’s cost to acquire products as your largest expense. For construction company owners who don’t utilize an effective inventory management system to track demand, sales, and delivery processes, unused materials can lock up a large portion of your cash. That […]
Tag: Inventory
Inventory Management Is Especially Important This Year
As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements, but also looking back on the entire year’s financials. And what a year it’s been. The COVID-19 pandemic and resulting economic fallout have likely affected your sales and expenses, and you’ve probably noticed the impact on both. However, […]