Inventory management is not one of the sexy topics that small business owners like to talk about until something goes wrong. As small business owners, you are busy with a million other endeavors and inventory management is often one of the last things you think about. However, inventory management is critical in running a successful small business. Here are some common mistakes business owners make in managing their inventory, and how to fix them. Find out more about our app: http://www.sortlyapp.com/ Download the app from iTunes: https://itunes.apple.com/app/my-things-where-are-they/id529353551?ls=1&mt=8

1. P H O T O C R E D I T: B Y J A N I N E
STEPS TO
painless
INVENTORY
management5

2. INVENTORY
management

3. YOU’RE BUSY
P H O T O C R E D I T: S H E R M E E E

4. YOU’RE BUSY
and it’s boring
P H O T O C R E D I T: S H E R M E E E

5. BUT…

6. CRITICAL TO RUNNING A BUSINESS
P H O T O C R E D I T: L O U I S H P I X E L

7. AVOID THESE
common mistakes

8. #1: TOO MUCH INVENTORY
P H O T O C R E D I T: P E T E R B O D E N

9. Identify and quantify less obvious patterns
such as month-end spikes.
THE FIX

10. #2: INACCURATE INVENTORY TRACKING
P H O T O C R E D I T: A N S I K

11. Use electronic data interchange and bar
code scanning.
THE FIX

12. #3: LACK OF PRIORITIES
P H O T O C R E D I T: M T 2 3

13. Focus on the items that matter most.
THE FIX

14. #4: USING SPREADSHEETS
P H O T O C R E D I T: S E R O LY N N E

15. Use software so you have a central
database.
THE FIX

16. #5: NO BACKUP PLAN
P H O T O C R E D I T: F U T U N D B E I D L

17. Backup your data or save to the
cloud. Also, send a backup copy of
your inventory data to your
accountant every month.
THE FIX

18. INVENTORY
management
MADE EASY

19. 1
TOO MUCH
INVENTORY
2
INACCURATE
TRACKING
3
LACK OF
PRIORITIES
4
USING
SPREADSHEETS
5
NO BACKUP
PLAN

20. Sort your life.

21. KEEP TRACK OF
ALL YOUR STUFF.
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