The most dreaded day of the year…For most. Here at Lodi Garage Door & More we make it fun! The entire company gave up their Saturday to be here to help count inventory. Let me tell you with a warehouse just over 26,000 sqft this is no easy feet. Follow along on our journey, today:
Our day began with a smorgasbord of delicious treats provided by our gracious owner Dave Sciotto! Thanks Dave! Yum!
After fueling up on Caffeine and Carbs were off to the races. Each employee teamed up with a partner to divide and concur.
Here is the staff diligently at work! Go Team!
Even on Saturday Sam is selling away. Sam is our Vice President of Sales, Personally I don’t think this man sleeps.
As our day comes to end the staff sit and enjoys a catered lunch from Garcia’s Mexican Restaurant family style.
Thank you all for your tireless efforts to make this such a great place to work & helping with inventory.
The reason and purpose for inventory days:
Inventory is a business asset because it has value. Of course, its most important value is that you can sell it to make money. It also has value because you can use it as collateral to get a business loan to buy more inventory or pay your bills.
The cost of selling your inventory (called cost of goods sold) is an important cost for your business. It includes the cost of buying those products, raw materials, and component parts. It also includes costs of warehousing (storing) inventory, shipping products to customers, running a storage facility or warehouse, and hiring people to work in the warehouse.
Businesses have two kinds of inventory:
sitting on shelves waiting to be used. These include office supplies, cleaning supplies, computer supplies and accessories, and supplies used for specific purposes, but not as part of your sales process.
- This inventory can be products you purchase at wholesale to sell to consumers at retail. It can also be component parts or pieces of raw materials you use to make products to sell.