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Business Inventory Requirements

Business Inventory Requirements

Managing the inventory of a business is important. Having insufficient stock on hand can often result in lost sales and dissatisfied customers. However, having too much inventory on hand can be financially strenuous as your available cash is tied up in product that sits in your warehouse. Businesses that successfully manage their inventory keep enough on hand to satisfy demand and replenish that inventory just as their supply is running out. Firms that are seasonal in nature or that have fluctuating demand keep a 'safety stock' on hand to make sure they can accommodate unanticipated need.

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This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect Premier Bank product terms. The information cannot be used by Premier Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Fintactix and are not associated, controlled by or under the control of Premier Bank, its affiliates or subsidiaries. Premier Bank is not responsible for the content, results, or the accuracy of information.