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Inventory Control
Robert Frank, co-owner of Four Star Plumbing in California, is pictured with one of his company’s service trucks stocked with supplies. To keep things in order, the company uses trays to organize parts and tools, which also helps with inventory tracking.
With anywhere from $5,000 to upward of $10,000 in materials, work trucks can all too easily turn into black holes where thousands of dollars disappear. “Inventory is the bane of many midlevel shops,” says Dan Hartsough, co-owner of Harts Services in Tacoma, Washington. “There’s a loss of congruency and a lot of overspending when you don’t monitor really well. And that’s where profits go. Where are profits spent? They’re tied up in inventory for many companies.” Contractors with established practices have said that inventory management is one of the most difficult processes their companies have undertaken. But with a methodical approach and
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Joseph Grenny16
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