Summer storms can pose a serious risk for businesses with inventory. In 2019, the Congressional Budget Office estimated commercial business damage from summer storms at $9 billion. Your business may be at greater risk if your product is located in vulnerable warehouses or out in the open exposed to the elements. These weather risks are [...]
As a dealer, you know that things don't always go according to plan. Knowing what risk you face can help you be better prepared. While success in business always involves some level of risk, taking the right steps now can minimize the likelihood of an inventory loss, liability lawsuit or serious incident affecting the wellbeing [...]
Managing inventory comes with many challenges, including how to reduce inventory damage. Damage to inventory can occur at any point in your processes. Some products are damaged at the time of receiving, others are damaged during handling and storage and some are damaged during shipping. All damages can impact your bottom line, so it's important [...]
Carrying inventory is at the heart of your business but comes with significant risk. Inventory dealers make large financial investments to make sure customers get the goods and services they need, how and when they expect them. To ensure customer satisfaction and the profitability of your operation, it's important to manage your exposures properly. Here's [...]