how can improvements in inventory management impact profitability?

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Fin Mgmt

2007-02-15 08:21:50 · 3 answers · asked by selfmotivated4 1 in Business & Finance ➔ Other - Business & Finance

Knowing where and how much money you have and what its doing might be pretty important.

2007-02-15 08:34:44 · answer #1 · answered by Scott 6 · 0⤊ 0⤋

An accurate inventory always helps profit. Lost items due to inaccuracy are just that....lost. And im sure someone paid for them.

2007-02-15 16:26:24 · answer #2 · answered by comtnman2003 3 · 0⤊ 0⤋

You improve cash flow by moving products to their final use, rather than warehousing products until they are needed and/or sold.

2007-02-15 16:28:10 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋