Business Owners Need to be Cautious When Buying Inventory

DEDHAM, Mass. - Aug. 8, 2016 - PRLog -- Part-time Chief Financial Officer, Michael Barbarita, preaches diligence when deciding which supplier to buy inventory from in his latest blog post.  Michael writes that the business owner must consider the following factors when buying inventory:

·  Price

·  Price breaks

·  Terms and conditions

·  Freight costs

·  Turnaround time

·  Minimum quantities

·  How does the vendor stand by the product?

·  Restocking charges

·  How efficient is the product to handle?

·  How efficient is the product packaged?

·  How efficient is the product to use?

·  What kind of support is the vendor giving you to help sell the product?

·  How flexible is the vendor's credit department?

·  What products do the competitors sell?

·  Can orders be cancelled without penalty?

The business owner needs to consider all of these factors when purchasing inventory because they can save him/her a great deal of money in the long run.

The entire blog post can be found at:

http://cfo-chief-financial-officer.blogspot.com/2008/11/inventory-purchases.html