No business operates in a vacuum. Yet many businesses have siloed data that doesn’t allow them to truly understand how one area of operations affects the other. And for product-based businesses, inventory management is an integral area that directly or indirectly impacts almost every other part of the business.

Is your organization optimized to understand how your supply chain can be the most efficient?

That’s exactly what we are going to tackle in an upcoming free webinar, Inventory Management: The Key to Strengthening Your Supply ChainProduced by Entrepreneur and Oracle NetSuite, this educational, informative session will feature two supply chain, operations, and inventory management experts as they unveil the multiple ways that you can leverage data to improve operations organization-wide.Register Now

Moderated by Dynamic Communication author Jill Schiefelbein, and joined by Revival Parts’ Director of Business Analytics and Project Management, Jerry Marks, and Oracle NetSuite’s Product Marketing Manager for Inventory Management, Abby Jenkins, we’ll pull back the curtain on what successful organizations are doing to not only manage their inventory, but to innovate in various areas of the supply chain.

Attendees of the webinar will learn:

  • The multiple areas of your organization that are directly impacted by inventory management—even some you may not typically think about.
  • The types of data you should be analyzing to truly understand the demands on your supply chain and how to spot areas for improvement.
  • The innovations that can emerge when you have a holistic approach to inventory management, including putting the right systems in place to have the data you need when you need it.
  • The decision-making capabilities that are enhanced by understanding your inventory through the lens of lost sales.

Don’t miss out on your chance to get real-life examples from product businesses like yours so you don’t make the same mistakes they did. Join us for Inventory Management: The Key to Strengthening Your Supply Chain live on Thursday, November 19, at 12 p.m. EST | 9 a.m. PST.

1. Make three lists.

“I have three to-do lists instead of one, organized by category. The first list is COVID-related tasks (PPP, EIDL, grants, etc.). The second is pre-COVID business. The last is new business — ­pursuing opportunities with people who may not have used our services before but now are interested. I set a goal to work on one thing from each category per day and cross off two things from each list per week.” — Kim Kaupe, cofounder, The Superfan Company

2. Create transitions. 

“I realized I actually miss my commute; it provided a mental break and preparation time for the day. So now I re-create the feeling by starting and ending my day with a mock commute, by walking or biking around my neighborhood.” — Christine Schindler, CEO, PathSpot 

Related: 101 Time Management Tips to Boost Productivity Every Day

3. Set two deadlines.

“I’ve instituted a soft-stop, hard-stop process. I set an alarm to go off at 3 p.m. every weekday, which is my soft deadline. If I can stop working then, I do. If not, the alarm puts my brain into wrap-up mode and I’m sure to make my hard deadline — which is 5 p.m. I want to make sure work doesn’t consume me so that I live a life of great memories, activities, and people.” — Laticia Austin, founder, The Mobile Sophisticate

4. Make new spaces.

“I’ve created artificial divides in my home to better manage my time. I’ve converted my living room to a gym and my dining room to an office, and I use my patio for conference calls. Leaving doors closed between rooms and following this system gives me a much-needed change of scenery and adds structure to an easily blurred schedule.” — Matthias Metternich, CEO, Art of Sport

5. Say no when necessary.

“I’m normally very available to my staff and employees, and I get dozens of emails and calls a day from people wanting assistance and advice. But now that I’m also juggling two kids, I’ve learned to say no and to rely on my great team more. Our executive leadership team now manages key meetings that I used to be more involved in, for example, and I’m no longer as directly engaged in hiring and recruiting.” — Charles Zhong, founder and CEO, Azazie

Related: 6 Ways to Build a Bond With Customers

6. Prioritize narrowly.

“Between running an online business and being a full-time mom, things can get crazy. Before, I used to have a long daily to-do list — and when things would come up, I’d add them to that list. Now I manage my time by picking the top three things I must get done that day, and I don’t worry about anything else.” — Tiffany Williams, CEO, Rich Girl Collective