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Inventory Management and Systems

Enhancing Visibility And Control
Across Your Operations

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Optimize Your Inventory for Better Profitability

Managing inventory goes beyond tracking stock levels. It’s about balancing supply and demand, reducing carrying costs, and maintaining smooth operations. NOW CFO provides inventory management services that help businesses gain better control over inventory, improve cash flow, and increase overall efficiency.

How we help:

  • Monitor inventory turnover rates to prevent overstocking or shortages.
  • Improve order accuracy and fulfillment speed
  • Identify and eliminate inefficiencies in inventory tracking.
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Avoid Costly Mistakes
with Proactive Inventory Control

Inventory mismanagement can lead to costly stockouts, overstocking, or lost sales. With NOW CFO’s inventory control solutions, we help you implement the best practices for tracking, managing, and forecasting your inventory to reduce waste and improve profitability.

  • Accurate stock tracking: Avoid costly mistakes by improving your inventory’s accuracy.
  • Informed decision-making: Get insights that help you optimize your inventory and boost profits.
  • Efficient fulfillment: Speed up order fulfillment while maintaining precision.

Accurate Inventory Forecasting

Effective inventory forecasting helps businesses plan for future demand, reduce overstocking, and prevent shortages. NOW CFO uses historical data and demand planning strategies to make sure you always have the right stock at the right time.

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How we assist:

  • Analyze past sales data to forecast future inventory needs.
  • Implement demand planning strategies for better stock management.
  • Reduce unnecessary holding costs while meeting customer demand.

Inventory Valuation Methods for Accurate Financial Reporting

The way you value inventory directly impacts financial statements and tax reporting. Our team helps businesses implement the best inventory valuation methods based on their industry and operational goals.

Key valuation methods we support:

1

FIFO (First In, First Out) for accurate cost tracking

2

LIFO (Last In, First Out) to manage rising costs

3

Weighted Average Cost for smooth financial reporting

4

Weighted Average Cost for smooth financial reporting

Supply Chain Efficiency for Better Business
Performance

A well-managed supply chain leads to lower costs and higher customer satisfaction.
Our Supply Chain Efficiency services focus on eliminating bottlenecks, improving
supplier coordination, and making sure products are available when needed.

Gap Analysis

Gap Analysis

Identify weaknesses in businesses supply chains to improve flow.

Reduced Lead Times

Reduced Lead Times

Shorten wait times for faster order fulfillment.

Stronger Vendor Relationships

Stronger Vendor Relationships

Negotiate better pricing and improve reliability.

Work with NOW CFO for Reliable Inventory Management

Managing inventory effectively requires expertise and the right strategy. NOW CFO provides customized solutions to improve inventory control, forecasting, valuation, and supply chain processes. Our hands-on consultants work closely with your team to develop a system that fits your business model and drives profitability.

Ready to improve your inventory management?

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We provide outsourced, fractional, and temporary CFO, Controller, and operational accounting services that suit the needs of your business.

For Faster Service 801-938-4764
  • Hourly Rates
  • No Hidden Fees
  • No Long-Term Requirements