Minimize inventory, services to make your financials shine

The strength of your business financials, both now and in the future, is important. One fundamental way of making your cash flow statement shine is to minimize inventory so you have just enough to fulfill demand. Taking stock of, and perhaps cutting back on, excess inventory reduces costs and makes tracking easier. (Up-to-date software helps, too.) Service businesses can apply a similar approach. Check into whether you’re “overstocking” on services. You may need to cut these offerings, even at the risk of losing customers. Let us know how we can help.