Inventory Optimization Model (excerpt)
This inventory optimization model gives you the formula for knowing how much of your working capital should be tied up in inventory if you want your convenience store to be healthy and profitable.
This tip comes to us from William Marvin, who is a master of supply-chain management with a background in purchasing for Pepsi, Mars, and Schwan's, among others. He shared this tip during a talk he gave at our May Member meeting in 2020, our first-ever online-only meeting due to COVID-19. William's full presentation is available to TCSA members.