MBA1900 Q&A Wednesday: How do I forecast purchases and inventory of goods for future sale?
The $100 MBA Show
00:00
How Much Inventory Do You Have on Hand?
In this advance rorld of andalytics, data is king. You need to have data on hand. The first factor is how many units of a particular item do you sell per month? Now this is incredibly hard if you're a new business, because you don't have any history. And what i did is, ia broke up my data into quarters, because some quarters, or some months will be busier than others.
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