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Inventory Management

Why is inventory management important?  Like all other business owners, executives and managers, music retailers have the inherent...

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What is Gross Profit?

What is Gross Profit and how much should I be earning?  Gross profit is a financial term referring to the direct result of sales...

Selling Yourself to the Bank

Special Double Session

When it comes down to it, banks have two objectives: to make money by lending you money, and to make sure they’ve...

How to Take Advantage of NAMM U Online

Presented by Danny Rocks, The Company Rocks, Alan Friedman, Friedman, Kannenberg & Company, P.C., George Hines, George's Music and Pete...
Bank Financing thumbnail

Bank Financing

How do I convince my bank to lend to me?  There’s an old saying, “The time to get a banker is when you don’t need...

The Key to Managing Music Product Inventory

Location: Idea Center, Hall B Booth 5501
Time:
Sat January 17, 4:00 pm

You’ve identified the product your customers want, you’ve stocked the shelves and you have a great sales team. But cash is still tight, supplier invoices are aging and we all know why—too much inventory. Even if you guess right most of the time, you’re still going to guess wrong some of the time. How do you fix these buying blunders? This session will teach you how to correct buying mistakes and control your level of inventory. Alan Friedman, a CPA with several music dealer clients, will present his “one-page solution” to managing your entire inventory.

© 2010 NAMM, the International Music Products Association