Tel: (01) 901 1310

menu

Why Carrying Too Much Stock Is Bad Business

Share Post:

Share on linkedin
Share on twitter
Share on facebook
Share on email

For some, carrying too much stock may seem like a good problem to have. Even though stock represents the potential for future profits, carrying too much stock will cause your business to incur some serious, costly and unnecessary expenses.

For one, carrying too much stock forces you to take up valuable storage space, and that storage space isn’t free. Not only do you have to pay for the space itself, you probably also have to pay employees to maintain it. Overstocking also ties up cash that could be used for growing your business, and when stock goes out of date or damaged (as will often be the case with a wide range of products) it becomes worthless. At the end of the day, carrying too much stock is just not good business.

Unfortunately, managing your stock levels is a full-time job. In an owner-managed business, this task is often times overwhelming. In some cases, even if you do have someone assigned to manage your stock levels, they may not always do their job correctly, causing more problems than they solve. Combine this with the constant pressure from sales staff to start stocking “the next great thing” and stock levels can quickly spiral out of control.

If your business is suffering from carrying too much stock, it’s time to take action. We know you’re up to your neck in the day-to-day business, but inaction is the enemy, your stock “person” should be doing their thing. If you can get to it great, if you can’t and it’s wrecking your head then we’re here to sort it out for you.

Quick Contact - Or Call: 01 9011310

Sign Up To Our Latest Transmission

To be sent automatic updates to our latest news articles, please fill in your details.

More News

Leadership

Do You Feel Stuck Trying To Grow Your Company?

Good leadership is vital for organizational success, but even good leadership can be an obstacle. Successful leaders often struggle with a few common issues: difficulty trusting others, identity and worth and self-discipline.

Warehouse Management

12 Tips for Keeping a New Warehouse Organized

If you want to serve your customers quickly and efficiently, you’ll need a good system of organization in place. But with potentially thousands of items to keep track of, dozens of people to hire, entire systems to build from the ground up, how are you supposed to do it?

The Business Troubleshooters Ltd.

Dublin

Carlow

Cork

Ⓒ 2020 - All Rights Are Reserved

Sign Up To Our Latest Transmission

Dublin

3013 Lake Dr,
Citywest Business Campus,
Dublin, D24 PPT3
Tel: (01) 901 1310

Carlow

Enterprise House,
O’Brien Road,
Co. Carlow, R93 YOY3
Tel: (059) 910 0440

Cork

Acorn Business Centre,
Mahon Industrial Estate
Blackrock,
Cork, T12 K7CV
Tel: (021) 2021130

Share on linkedin