View from AEL: Decisions on stock control can affect profitability

The expression ‘take stock’ is a well-worn idiom meaning to consider first and act later.

But it is quite remarkable how many independent optical practices do not set aside the time to consider how decisions on stock control can affect the profitability of their practice.

Independents Day on November 6 will be headlined ‘detail for successful retail’ and will include sessions on a whole variety of operating issues relating to the topic of stock. As well as presenting in the afternoon, I will be around to answer questions on how improved inventory management can impact on key areas such as profitability; practice valuation; business Tax; accounts and financing.