5. Location, Location, Location
Not only relevant to real estate, location can affect your inventory levels too. Have more than one location? Centralize your inventory as much as possible into one location, or transfer needed inventory from one to another instead of purchasing new. Don’t want to rent, buy, or build a new storage facility? Maximize storage with narrow aisle handling equipment. The more efficiently and compactly you can store inventory, the less square footage it takes up and the less money it costs to store.
5. Location, Location, LocationNot only relevant to real estate, location can affect your inventory levels too. Have more than one location? Centralize your inventory as much as possible into one location, or transfer needed inventory from one to another instead of purchasing new. Don’t want to rent, buy, or build a new storage facility? Maximize storage with narrow aisle handling equipment. The more efficiently and compactly you can store inventory, the less square footage it takes up and the less money it costs to store.
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