Welcome back to Whiteboard Wednesday, Fishbowl’s weekly video series that addresses big inventory management (and other business) issues. In this episode, James Shores talks about the important role reports play in running a business.
Detailed inventory reports can help you spot trends and opportunities in:
- Inventory turnover
- Demand for certain products
- Vendor price breaks
- Turnaround time on orders
- Customer history and loyalty
- Gross sales
- Labor costs
- And more