Without a road map, it's nearly impossible to get from point A to point B. The same is true for small business planning and strategy. A business plan is vital for any business, whether it requires a transformation or not. Goals need to be set both for revenue and expenses.
Unless enterprises have enabled their customers to conduct business online within a fully integrated digital platform, they are operating less efficiently than e-commerce-enabled competitors and ignoring massive signals that this is how customers want to conduct business.
Operations management is "the administration of business practices to create the highest level of efficiency possible within an organization to convert materials and labor into goods and services as efficiently as possible and maximize the profit of an organization."
Making the decision (if there's an option) whether or not an enterprise invests in carrying its inventory brings significant implications for the enterprise's cost structure and working capital requirements. If a business has to or chooses to, support moving its stock, then, along with that decision comes complexity and risk, as well as the need to allocate capital to pay for the list.
