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10 Common Inventory Management Mistakes and How to Avoid Them
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Inventory management mistakes for SMBs are more common than most teams realize. Effective inventory management is the backbone of every small and medium-sized business (SMB) in retail, supply, and logistics — yet many companies still fall victim to costly errors that drain profits, frustrate customers, and undermine efficiency. The good news is that SuppliFlex is…
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Inventory Optimization for Small Business: Balance Stock Levels and Boost Cash Flow
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For many small business owners, cash flow isn’t just a metric; it’s the lifeblood of the company. A 2022 U.S. Bank study found that 82% of business failures are due to poor cash management. One of the biggest, yet often overlooked, drains on cash is inventory. To stay profitable, it’s crucial to optimize inventory for…
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The Small Business Guide to SKU Management
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For small businesses in retail, supply, and logistics, managing inventory effectively is paramount to success. In a world where every product counts, understanding and implementing robust SKU management for small businesses is not just a best practice—it’s a necessity. SKUs, or Stock Keeping Units, are the backbone of organized inventory, providing a unique identifier…