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hi Im James this is whiteboard Wednesday my boss gave me 90 seconds to explain all this or I lose my job great inventory basics obviously youre going to be getting stuff from some vendor supplier to your business youre putting on your shelf and either redistributing or producing a new product or a little bit of both what do we do about our location we can either have it on site and on hand we can have it off-site were starting small or theres even the option of dropship or a little bit of all identify this is really important with our inventory we need to make sure were using stock keeping unit notice the SKU making sure we ID label everywhere that we can so we know exactly what we have where we have it its going to take a little more time in the beginning but then youre not looking and searching you know where stuff belongs whether youre taking it down or putting it back up units of measure are you dealing in pounds are you dealing in the metric system are dealing with ounces
