Empower Blog

June Webinar: Turning Excess Stock into Working Capital

Posted by Joe Hasson on May 16, 2019 1:35:43 PM
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Join us on June 5th at 12:00 EST along with the inventory expert, Russ Graf, as we discuss common inventory control struggles and take a high-level look at NETSTOCK's cloud-based software. He will highlight the problems of excess and then he'll show you to gain the insights into your inventory that you need.

Two burning questions that every distributor and manufacturer should be asking themselves are:

  • Do you know how much excess stock you have in your warehouse right now?
  • How much of that is helpful safety stock and how much is just wasted cash?

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If you're stuck on QuickBooks or using a static inventory spreadsheet, it's almost a guarantee that you don't have an accurate feel for those numbers. When you don't know know where your excess is, there isn't much you can do to move it. Factor in the monthly carrying costs to keep that unneeded stock and you've got a costly problem that really adds up.

But that's why we're here - to find and implement a better way. Through identifying that excess stock you can free up capital and use it to invest and grow your business. By canceling surplus orders and creating smarter purchase orders, you can maximize your inventory investment, boost profits, and greatly improve your team's productivity.

We highly recommend you sign up for this 45-minute session so you can get that working capital off the shelves and back into your business.

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ERP Software Insights

For nearly 30 years Empower Business Solutions has been partnering with growing companies that need robust ERP software. Our blog is a chance for us to share some of that experience with those who want to learn about:

  • Selecting the ERP system that's right for your business
  • What to know when implementing ERP software
  • Acumatica Cloud ERP and Dynamics GP software information and updates

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