Basic Stock

Make sure you have the appropriate amount of stock to fulfill customer needs.
  • ---Shares

Your basic stock should provide you with enough products and/or raw materials to fulfill orders from customers. To accurately calculate basic stock, you must review actual sales during an appropriate time period, such as a full year of business. Because you will have no previous sales and stocking figures to guide you during start-up, you must project your first year's sales based on your business plan and maintain your stock accordingly.

Excerpted from Starting a Home-based Business

Next Article:
A Look at the Demanding Schedule of Elon...
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.