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S5 E1: Lessons in Logistics: Mastering Inventory Management and 3PL Relationships

Limited Supply

00:00

How to Balance Inventory in Your Business

There's a fine balance, which is how much cash do you want tied up in inventory? I have all of this extra inventory happened to 10 businesses that I advise where they're like, what do we do? How do we clearance this out? And my goal is always three or four terms of inventory every year. But for something like bowl and branch, wouldn't it be smarter to just use a manufacturer where you don't need it on demand? Or I guess then it's the battle of do you want to store inventory versus. custom stuff because Ruggable is different.

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