Time to take the markdown! You want to free up the cash in those slow-movers to buy new, better-selling items for spring AND you want to lower stock levels so you don’t have as much to count during your physical inventory in a few weeks.

The inventory of merchandise in your store is probably the biggest asset in your business as well as your biggest business expense. Knowing exactly how much and exactly what you own is the first step in learning how to control your inventory. And great inventory management is your key to higher profits! Here are three ways having an accurate inventory count will help you improve profits.