Having the right amount of inventory is a big headache for small business. When you have too much, you tie up valuable and scarce capital resources and have the added expense of increased storage. When you have too little, you risk the loss of a sale, a reduction in customer service, and or the added expense of expediting purchase orders.
The bottom 30% of businesses have nine times more inventory than their top 20% performing peers. Furthermore, they are seven times more likely to be in a stockout situation. In others, we other words, small businesses often have too much of what they do not need and too little of what they do need.
Wouldn't it be nice to make inventory decisions based on business intelligence rather than just a guess.
Phitch makes it easy for small businesses to optimize their inventory. Only Phitch maximizes your investment in inventory by setting your inventory levels to you maximum economic value added or economic profit.
Do not be fooled by imitators who still use arbitrary settings.