Managing Inventory

http://bizcovering.com/management/managing-inventory-obsolescence-for-improved-performance/
This is an article that details some step-by-step guidelines for managing inventory. I like the idea of establishing an "Inventory Management Review Team" that together reviews the inventory and makes decisons regarding what to do with inventory. The guidelines also include defining "obsolete", allowing better decision making regarding what items should or should not be in inventory. The article lists concrete steps and action plans to help business owners manage invnetory.