Evaluate Each Supplier Regularly To See If Their Products Still Make Sense

How many suppliers do you have? This is one of the most obvious but overlooked questions small business owners never ask themselves. It’s important to know because it tells you how many companies you need to manage.

Evaluate each supplier regularly to see if their products still make sense for your company. We recently cut some suppliers because their products (and their terms) were simply not favorable anymore. It’s better to focus your CAPITAL and your TIME on better products.

Inventory Management

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