Budgets? We don’t need no stinkin’ Budgets! No one likes to hear that dreaded phrase: “Sure it would be great, but it’s not in the budget!” That one expression always seems to bog down progress, innovation, and the entrepreneurial spirit! But, as our friendly controller reminds us, “Without a budget, we can’t make profits; without […]
Effective Inventory Management – The Importance of Planning
The ongoing challenge for every independent specialty retailer is the constant need to increase sales, control expenses and improve profitability. Because of these key business factors it is more important than ever for today’s retailer to effectively manage their largest investment: inventory. Maximizing the return on inventory investment is the key to profitability in retailing. […]
