How to Use Your Inventory

MOST PEOPLE would agree that a business which neglects taking a periodic inventory has little chance of success in today's extremely competitive market. Also, it seems necessary in these periodic inventories to deal with more than the physical assets and liabilities of the firm. The value and talents of each of the personnel must be assessed. Old goals must be reevaluated and new goals established. Sometimes, the result is a drastic change in the corporate structure. Businesses that practice this corporate soul-searching seem to flourish and become our great industries, while those that take only enough of a tally to compile a financial statement for a loan soon wither and die.