Inventory Control, and tips

Let me just say, it is not E-A-S-Y


1: make sure your placed PO matches with the inventory you received; and vice versa; always consolidate them when you receive goods
2: track your inventory diligently and accordingly; never delay or put off. 
3: have inventory count every once in a while (say, approximately 3 months or 6 months depending on how many different variety of items you have)
4: Always monitor your inventory flow and make sure you don't over stock 
5: Pay off inventory on time, and make sure you also have sufficient cash flow
6: For items you do'nt believe that can be sold, get rid of them quickly either by donating or give-aways to generate publicity. 


Will update as i think of something new!