Business leaders in many companies today are convinced that the primary key to increasing corporate profitability is to encourage salespeople to increase sales and gross margins. This action is important, but not the only path to success. In fact, whether you are a small manufacturing plant or a popular retail store in the mall, effectively managing your inventory investments can contribute as much or even more to your organization’s bottom line. High stock levels cost money - but so do stock shortages.
This class offers basic solutions in minimizing both the cost of stock shortages as well as the costs in maintaining stock levels and how these simple actions can directly affect your company’s cash flow. You’ve got nothing to lose and a lot to gain by actively managing what is perhaps your largest asset. Why not take the first steps in initiating an effective inventory management program today?
Vallorie Henderson joined the Louisville SBDC in August of 2011. Previously, Vallorie served as the business development director for the Kentucky Arts Council in Frankfort for 10.5 years. She holds a B.A. from Berea College in Berea, Kentucky and a M.F.A. from Miami University in Oxford, Ohio.
Vallorie has over 25 years of experience in marketing and promotion with such regional organizations as the Speed Art Museum and the Indianapolis Children's Museum. She owns and actively markets her own fiber arts studio on both a national and international level. Vallorie's own success in marketing and selling her artwork allows her to relate to individual business owners on a very personal level. Assisting small business owners in understanding how to grow their revenue streams is high on Vallorie's list of priorities.