Operate Your Business
Operate Your Business
Inventory Management
Inventory management is the process of overseeing and controlling the flow of goods within a business, ensuring the right products are available at the right time to meet customer demand while minimizing costs.
It involves tracking stock levels, forecasting demand, and optimizing replenishment to ensure products are always available. Some examples of inventory management apps include: Zoho Inventory, Cin7, Shipbob, Netsuite ERP etc.
Helpful Hint: Connect with your local Small Business Development Center (SBDC) to assist with implementing better inventory systems, scaling production, and improving logistics.
It involves tracking stock levels, forecasting demand, and optimizing replenishment to ensure products are always available. Some examples of inventory management apps include: Zoho Inventory, Cin7, Shipbob, Netsuite ERP etc.
Product Distribution
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Product distribution is the process of making a product available for purchase by transferring it from the producer to the consumer. This involves various steps including transportation, storage, and delivery, often utilizing intermediaries like wholesalers, distributors, and retailers. The most suitable distribution strategy depends on the product, target market, and desired level of control and reach.
Supply Chain Management
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Supply Chain Management (SCM) is the practice of managing the flow of goods, information, and finances from the point of origin to the point of consumption. It involves all activities that transform raw materials into finished goods and deliver them to customers. The goal of SCM is to improve efficiency, reduce costs, and enhance customer satisfaction.
Helpful Hint: Connect with your local Small Business Development Center (SBDC) to assist with implementing better inventory systems, scaling production, and improving logistics. Welcome
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