Managing Inventory for Your Services Business

Managing inventory manually using pen and paper or spreadsheets is time consuming and error prone. Worse, some businesses aren’t tracking it at all. Services companies likely do not have a person dedicated to managing inventory and may not have someone dedicated to purchasing that inventory either. As a result, many businesses do not have corresponding processes in place for purchasing or managing inventory, instead relying on an ad hoc, as needed approach. This can be costly and impact the business’s profitability.