Grow your business with Inventory management

If you don’t stock it, you can’t sell it.

Inventory or stock management is a big, specialised topic. There are whole management libraries written about the various philosophical approaches to managing stock to create sustainable business growth. Business growth is in turn one of the 7 Big Questions about building a beautiful business and life.

My earliest inventory management lessons came from Colin who made the above statement about stock levels to me. I have often thought about that statement, particularly now that most operations run on the principle of “just in time”. Supermarkets have made an art form of stocking just enough and not a jar more than required in order to minimise shelf space and inventory cost.

I’m not always convinced that as customers we are well served by this approach. What I know, is that Colin got all my business for 20 years and most Sydney builders had an account with him because everything we needed was always ready to collect.

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All articles about business growth and stock management on this website:

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