Archives Tag: Inventory
How to Prepare Your Business for End-of-Year Sales
April 19, 2022
There’s a lot of business activity that goes on as the year draws to a close. Here we’re thinking of major end-of-year sales and shopping events like Black Friday, Cyber Monday, and the Christmas shopping season. They present your business with an opportunity to boost its annual profits and clear out inventory. Read more … Continue reading How to Prepare Your Business for End-of-Year Sales
5 Effective Inventory Management Strategies for Nigerian SMEs
April 19, 2022
Inventory management is a critical aspect of running a successful Small and Medium Enterprise (SME) in Nigeria. Properly managing your inventory ensures that you have the right products in stock, reduces operational costs, and maximizes profitability. In this article, we will explore five effective inventory management strategies tailored to Nigerian SMEs. Read more about … Continue reading 5 Effective Inventory Management Strategies for Nigerian SMEs
How to Reduce Financial Losses from Unsold Inventory
April 19, 2022
As a business owner, you’ll want your products selling out speedily, so that you’re able to replenish your stocks and gear up for even more sales. After all, the velocity of revolving sales determines the value of revenues you’ll rake in at any given period, other factors are held constant. Unfortunately, things don’t always … Continue reading How to Reduce Financial Losses from Unsold Inventory
How Small Businesses Can Manage Their Inventory Effectively
April 19, 2022
Effective inventory management is crucial for the success of any business, whether a small retailer or a large multinational corporation. Poor inventory management can lead to a host of problems such as stockouts, overstocks, and increased carrying costs. In this article, we will discuss how businesses can manage their inventory effectively. Read more about … Continue reading How Small Businesses Can Manage Their Inventory Effectively
How To Turn Your Excess Inventory Into Cash
April 19, 2022
You build up excess inventory when there’s less demand for your product than what you’re offering. This could be a big bother for you, as surplus stock takes up space and ties up capital that you could have reinvested into your business. Read more about Business There’s the option of simply giving such items away. … Continue reading How To Turn Your Excess Inventory Into Cash
Starting Your Business From The Scratch: Here’s How
April 19, 2022
There is always that business that is somewhat dead, but alive. It is not quite making a profit but it is not bankrupt either. Various advice has come for you to cut ties with the business and move to another venture. However, you have invested so much that you believe you can resurrect the … Continue reading Starting Your Business From The Scratch: Here’s How
