A reorder point is the inventory level that triggers placing a new order — set it too low and you risk running out before the new stock arrives; set it too high and you’re tying up cash in inventory you don’t need yet. For small businesses, getting this balance right is critical. Running out of … Read more
A supplier’s quoted lead time is an estimate, not a guarantee — building a buffer into your own planning protects you when it runs even slightly long. This is especially critical for small businesses, where a single missed deadline can damage customer relationships or disrupt cash flow. Why supplier delays happen more often than you’d … Read more
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These are two opposing inventory philosophies, and most small businesses actually need a blend rather than committing fully to either. Understanding which approach—or what combination—fits your operation can mean the difference between healthy cash flow and costly stockouts, or between lean efficiency and wasteful overstock. Just-in-Time (JIT) Inventory Just-in-time inventory involves ordering stock only when … Read more