Stale inventory is a costly nuisance for any business owner. Ideally the rule of thumb is to sell the goods taking up space on your sale floor within 90 days; after the three month mark stale inventory becomes dead inventory. Products are much harder to move and nearly impossible to get top dollar for. Fortunately there are a number of ways to recoup at least part of your investment on…  Read more

Inventory is the lifeblood of your business. It is the largest asset on your balance sheet and your company’s biggest revenue-generator. It goes without saying that poorly managed inventory can do serious damage to your bottom line. Businesses without clear strategies for streamlining the in and out flow of goods will have trouble meeting their customer’s demands and will see mismanaged stock corrode their profits. Follow these tips to ensure…  Read more

For over 30 years Apromo has been supplying quality European patisserie ingredients, Belgian couverture, semi-finished products, gourmet foods and frozen Danish and desserts – to chocolatiers, patisseries, restaurants, hotels, bakeries, and caterers. That’s right, Apromo Trading has been operating in Sydney since 1987! That just proves that we all love chocolate! Their core business is twofold:  To supply high quality European ingredients and semi-finished products to Australia’s leading chocolate manufacturers,…  Read more

Whether you are running a current business or looking to start up a new company, it is important that you have enough stock on hand to meet your consumer’s needs. However, investing all of your money in inventory drains your working capital and prevents that money being used elsewhere in the business. Accurate forecasts are vital when it comes to maintaining and replenishing inventories, and it is necessary for a…  Read more