{"id":3347,"date":"2015-04-21T13:51:58","date_gmt":"2015-04-21T13:51:58","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=3347"},"modified":"2022-01-21T13:51:50","modified_gmt":"2022-01-21T18:51:50","slug":"inventory-management-for-small-business","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/","title":{"rendered":"Inventory Management for Small Business &#8211; Top Tips"},"content":{"rendered":"<p>Your inventory is the life source for your company. Too much or too little inventory will impact your cash flow. Therefore, mastering inventory management is a key ingredient to succeeding as a small business.<\/p>\n<p><a href=\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg\"><img class=\"alignnone size-full wp-image-3350\" src=\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg\" alt=\"small business inventory management tips\"><\/a><\/p>\n<p>When inventory is constantly moving in and out of your store, tracking your products and estimating future orders can be challenging, especially if you lack the funds to invest in a large inventory management system. However, there are steps to take in order to build successful inventory management for small businesses on a budget.<\/p>\n<h2><strong>3 Tips for Successful Inventory Management for Small Businesses<\/strong><\/h2>\n<p>If you&#8217;re ready to get started, here are three tips to help you&nbsp;with tracking your inventory.<\/p>\n<h2>1. Use Inventory Management Apps<\/h2>\n<p>Allow new tech to help your small business succeed. If expensive inventory management software is outside of the scope of your needs,&nbsp;consider the following apps geared towards small companies:<\/p>\n<ul>\n<li>Inventory Tracker: Created for the iPad, this app is a comprehensive inventory tracking system. (Free version &amp; pro version $3.99)<\/li>\n<li><a href=\"https:\/\/www.cashierlive.com\/inventory\" class=\"broken_link\">Retail Inventory<\/a>: This app goes beyond being just an inventory management system. The tech will scan barcodes to link with point-of-sale purchases completed with your Cashier Live account. (Basic: $20 per month; Premium: $75 per month.)<\/li>\n<\/ul>\n<h2>2.&nbsp;Take Time Each Week to Analyze Your Inventory<\/h2>\n<p>Each week, you should spend one or two hours concentrating on your inventory to identify any current or possible future issues arising with your inventory and products. This will help you to stay updated on the current state of your inventory and to hopefully catch any issues before they become large-scale problems.<\/p>\n<h2>3.&nbsp;Forecast Future Needs<\/h2>\n<p>A very important aspect to maintaining a successful small business is to anticipate future needs.<\/p>\n<p><strong>Creating a six-month forecast will help you to make a very well educated guess when planning future inventory needs each day\/week\/month.<\/strong> Reevaluating your inventory (mentioned above) will help you create a more accurate forecast.<\/p>\n<p>Inventory management for small businesses is just one of many useful tools to help your company succeed.<\/p>\n<p>If you would like more information on inventory management,<a href=\"https:\/\/www.arffinancial.com\/development\/contact?utm_source=blog&amp;utm_medium=post&amp;utm_campaign=smbinventorymanagement\"> contact the finance experts&nbsp;at ARF Financial today<\/a>. We\u2019re here to help!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your inventory is the life source for your company. Too&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[111,128,698],"tags":[151],"class_list":{"0":"post-3347","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business-financing","7":"category-day-to-day-business-operations","8":"category-small-business-financing","9":"tag-small-business-inventory-management-tips"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inventory Management for Small Business - Top Tips - ARF Financial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inventory Management for Small Business - Top Tips - ARF Financial\" \/>\n<meta property=\"og:description\" content=\"Your inventory is the life source for your company. Too...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\" \/>\n<meta property=\"og:site_name\" content=\"ARF Financial\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-21T13:51:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-21T18:51:50+00:00\" \/>\n<meta name=\"author\" content=\"Robert Whited\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Whited\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\"},\"author\":{\"name\":\"Robert Whited\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc\"},\"headline\":\"Inventory Management for Small Business &#8211; Top Tips\",\"datePublished\":\"2015-04-21T13:51:58+00:00\",\"dateModified\":\"2022-01-21T18:51:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\"},\"wordCount\":366,\"publisher\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg\",\"keywords\":[\"small business inventory management tips\"],\"articleSection\":[\"Business Financing 101\",\"Day-to-Day Business Operations\",\"Small Business Financing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\",\"url\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\",\"name\":\"Inventory Management for Small Business - Top Tips - ARF Financial\",\"isPartOf\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg\",\"datePublished\":\"2015-04-21T13:51:58+00:00\",\"dateModified\":\"2022-01-21T18:51:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.arffinancial.com\/development\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Inventory Management for Small Business &#8211; Top Tips\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#website\",\"url\":\"https:\/\/www.arffinancial.com\/development\/\",\"name\":\"ARF Financial\",\"description\":\"Businesses Bank on Us\",\"publisher\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.arffinancial.com\/development\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#organization\",\"name\":\"ARF Financial LLC\",\"url\":\"https:\/\/www.arffinancial.com\/development\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png\",\"contentUrl\":\"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png\",\"width\":792,\"height\":612,\"caption\":\"ARF Financial LLC\"},\"image\":{\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc\",\"name\":\"Robert Whited\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g\",\"caption\":\"Robert Whited\"},\"url\":\"https:\/\/www.arffinancial.com\/development\/author\/robert\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inventory Management for Small Business - Top Tips - ARF Financial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/","og_locale":"en_US","og_type":"article","og_title":"Inventory Management for Small Business - Top Tips - ARF Financial","og_description":"Your inventory is the life source for your company. Too...","og_url":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/","og_site_name":"ARF Financial","article_published_time":"2015-04-21T13:51:58+00:00","article_modified_time":"2022-01-21T18:51:50+00:00","author":"Robert Whited","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robert Whited","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#article","isPartOf":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/"},"author":{"name":"Robert Whited","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc"},"headline":"Inventory Management for Small Business &#8211; Top Tips","datePublished":"2015-04-21T13:51:58+00:00","dateModified":"2022-01-21T18:51:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/"},"wordCount":366,"publisher":{"@id":"https:\/\/www.arffinancial.com\/development\/#organization"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg","keywords":["small business inventory management tips"],"articleSection":["Business Financing 101","Day-to-Day Business Operations","Small Business Financing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/","url":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/","name":"Inventory Management for Small Business - Top Tips - ARF Financial","isPartOf":{"@id":"https:\/\/www.arffinancial.com\/development\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2015\/04\/small-business-inventory-management.jpg","datePublished":"2015-04-21T13:51:58+00:00","dateModified":"2022-01-21T18:51:50+00:00","breadcrumb":{"@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.arffinancial.com\/development\/inventory-management-for-small-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.arffinancial.com\/development\/"},{"@type":"ListItem","position":2,"name":"Inventory Management for Small Business &#8211; Top Tips"}]},{"@type":"WebSite","@id":"https:\/\/www.arffinancial.com\/development\/#website","url":"https:\/\/www.arffinancial.com\/development\/","name":"ARF Financial","description":"Businesses Bank on Us","publisher":{"@id":"https:\/\/www.arffinancial.com\/development\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.arffinancial.com\/development\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.arffinancial.com\/development\/#organization","name":"ARF Financial LLC","url":"https:\/\/www.arffinancial.com\/development\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/","url":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png","contentUrl":"https:\/\/www.arffinancial.com\/development\/wp-content\/uploads\/2018\/06\/ARFFinancialHorizontal.png","width":792,"height":612,"caption":"ARF Financial LLC"},"image":{"@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/ab727372fcd4ff548d759472b7c7fecc","name":"Robert Whited","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.arffinancial.com\/development\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c48be6a0ddfcae4b85fd444fdab27d247b8fef19292a5249b0340af7e31ea9a5?s=96&d=mm&r=g","caption":"Robert Whited"},"url":"https:\/\/www.arffinancial.com\/development\/author\/robert\/"}]}},"menu_order":0,"_links":{"self":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/3347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/comments?post=3347"}],"version-history":[{"count":1,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/3347\/revisions"}],"predecessor-version":[{"id":36226,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/posts\/3347\/revisions\/36226"}],"wp:attachment":[{"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/media?parent=3347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/categories?post=3347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arffinancial.com\/development\/wp-json\/wp\/v2\/tags?post=3347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}