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Small Business Nation. A Project of The U.S. Chamber of Commerce

Inventory Control

Having the right products in inventory at the right time ensures that money is not tied up in excess inventory. It also allows you to have what is needed to provide a product or service to customers.

The types of inventory items to consider are:

  • Consumables like office supplies and janitorial needs
  • Raw materials ready to use for the purpose of producing a product or service
  • Work in progress or inventory of unfinished products
  • Finished products ready for sale

Each one of these inventory categories can be broken down by value to help you manage capital investment in each area. Consumables in most cased will not impact sales, but a lack of inventory in the other categories could make an impact on sales.

Keeping a set amount of inventory can be a way to protect against unforeseen problems with supply and demand.

Key questions to help decide how much stock you should keep:

  • How reliable is the supply and are alternative sources available?
  • Are the components produced or delivered in batches?
  • Is the price steady or does it fluctuate?

See the Savings

Member BenefitAs a U.S Chamber member, when you join or renew at Sam's Club as a Business Plus® Member, you'll receive a $25 gift card (non-Plus new or renewing Members receive a $10 gift card) by December 31, 2014. Click here to access the certificate. For more information, call 888-746-7726.


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The materials on this website have been developed for educational purposes only. We urge you to consult with an attorney or benefit consultant to understand your legal obligations under the law. Please contact an attorney or benefit consultant to verify how the law will affect your specific company, benefit offering, and scenario.

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