The Big Myths Of Stock Purchasing
  Purchasing stock, or inventory, can eat up cash. But how can we cut back without risking the business, disrupting the supply chain or upsetting customers?According to Phillip Slater of business improvement company Initiate Action, there are simple and effective ways to free up cash for other important parts of the business. We need to start, Phillip says, by viewing inventory as an investment, not a cost. That's right, an investment. Then, we must steer clear of the 5 common myths of inventory reduction - and he outlines those to Heather Dawson shortly. First, taking an 'investment' viewpoint. Topics: Financial Management |
 Phillip Slater, InitiateAction |