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Inventory Management

#14 Implement Consigned Inventories

Leaving your vendors to owns the inventory while it is in your possession, is a mutually beneficial opportunity. The Pros for you as a consignee is that you are able draw upon the consignment agreement and pay only for the inventory that you have used or sold. This is reducing your total cost of ownership (as the goods are included in the inventory value of the consignor), minimizing the risk of excess and obsolete inventory for you and improving your cash flow.

Zvezda Drencheva

Zvezda Drencheva

Source: BMS Associates - Ben Schlussel, 2017

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