Tag Archives: vendor

Budgeting for Inventory: Part Two

Last week we covered how to budget for inventory with funds you have. (Remember, if your inventory account is empty, don’t buy more inventory!) In part two of our budgeting for inventory series, we cover what inventory to stock and how to avoid supplier marketing schemes. Buy with your customers in mind First, know who […]

Budgeting for Inventory

Are you spending money you don’t have for inventory? Continue reading to learn how to avoid this financial situation. Budgeting To avoid overspending set aside a portion of every sale in a separate account to be used specifically for inventory. If the account is empty, do not order inventory (even if a calendar reminder is […]