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Reopen - 4 – Inventory

(Last Updated: 6/16/2020)

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Understanding your inventory is a critical factor in reopening and ensuring you can meet the demands of your customers. Begin by reviewing the questions below and then the topic-specific resources.
  • Have you analyzed the potential demand for your products and/or services for the next 6 to 12 months?
  • For inventory identified as slow-moving, have you considered removing it from your product lineup?
  • Have you made an assessment of whether new market conditions will impact customer buying patterns?
  • Have you asked your customers how they prefer to buy your product/service in this new environment?

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To help sort out your responses, reach out to the New York SBDC nearest you in order to schedule a confidential, one-on-one session with an advisor.