The Important of Inventory Planning

Most entrepreneurs who start a retail company or any company that has inventory, fail to realize the importance of inventory planning. I believe the reason is because it’s not the juicy part of starting a company. Truth be told, when you’re first starting out, inventory management is probably nowhere near the top of the list in terms of priority. However, for any company to scale and grow with confidence, they need to implement inventory management into their organization. There is no way around it.