printable version

10/23/2006

Inventory Management for Retailers
by Kristen Bextermueller, Graduate Assistant, UALR Lead Center

For retailers, inventory is a significant tangible asset. Thus, inventory management is critical throughout the process of buying, stocking, and selling inventories. Small business owners need to know what inventory is in stock, inventories selling and not selling, and stock-out information. Additionally, what inventories are lost due to theft and spoilage?

The U.S. Small Business Administration published “Inventory Management” as a way to help retailers successfully manage inventory issues. The purchasing plan, controlling inventory and tips for better inventory management are a few of the topics included. To view the entire publication, visit the SBA website at:
http://www.sba.gov/library/pubs/mp-22.doc

For more information on preventing retail theft, visit the BizFacts section of the ASBDC website at http://asbdc.ualr.edu/bizfacts/6007.asp.

Recent | 2007 | 2006 | 2005 | 2004 | 2003

Subscribe right now to our FREE bi-monthly E-News service!
You will receive articles two full weeks before they appear on the Arkansas SBDC web site!

Index of 2006 articles

The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.