of any business model, one that cannot be disregarded. What are its benefits and what strategies are available to business owners who deal in machinery parts today?
The Benefits
Far from being an option, the lifeblood of a business that maintains an inventory is the inventory itself. You may deal in“ parts” as big as a dozer bucket and as small as a cotter pin. If these were all just stocked together on a few shelves, how would you know how to find one and whether or not it was out of stock?
As an old saying states,“ Inventory management is not an accounting issue, it’ s a
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