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Inventory Audits and Analysis Managing inventory is a challenging task. One hand, you must have enough stock to sell products to clients. The other hand, you do not want excess inventory that sits on the shelf which sits and holds cash and increases costs such as insurance expense and storage. Corporation Associates is here to help you create a plan to manage your inventory and increase your turnover rate. The first step is to start with a baseline using a turnover ratio. Effective management in place translates to higher percentages of profit. Start with a complete store audit. This audit will give you an idea of what is in your store at the close of business. From that point forward Corporation Associates will implement process to help keep your stock on the shelves based on turnover rates. Contact your associate today for information on how to control your inventory.
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