Blog - 21st Century Mortgage

Reducing Inventory Fire Damage

Fire risk exists on a continual basis for the inventory industry. According to NFPA, the National Fire Protection Association, there's little variation by month, day of the week and time of day when it comes to the average number of inventory fires. Fire sources run the gamut, from arson to lightning to equipment failure, although [...]

By | August 30th, 2021|Uncategorized|0 Comments

Managing Supply Chain Disruptions and Customer Expectations

Over the last decade, we got used to having a fast, reliable global supply chain at our fingertips. But the global pandemic changed all that. Now, delays are common, which can put a strain on your customer relationships when supply can't keep up with demand. If not managed well, such supply problems could turn into [...]

By | June 18th, 2021|Risk Management Tips|0 Comments

Summer Storm Risks for Inventory

Summer storms can pose a serious risk for businesses with inventory. In 2019, the Congressional Budget Office estimated commercial business damage from summer storms at $9 billion. Your business may be at greater risk if your product is located in vulnerable warehouses or out in the open exposed to the elements. These weather risks are [...]

By | May 24th, 2021|Risk Management Tips|0 Comments

Developing a Risk Management Program

As a dealer, you know that things don't always go according to plan. Knowing what risk you face can help you be better prepared. While success in business always involves some level of risk, taking the right steps now can minimize the likelihood of an inventory loss, liability lawsuit or serious incident affecting the wellbeing [...]

By | April 22nd, 2021|Risk Management Tips|0 Comments

Inventory Insurance 101

Inventory insurance can be confusing. There are a lot of terms and conditions you won't hear in everyday conversation, meaning it can sometimes feel like you're reading a different language. With our Inventory Insurance 101, you will be able understand the terminology, so you feel confident about your choice of insurance and how to go [...]

By | January 22nd, 2021|Insurance Information|0 Comments

5 Actionable Ways to Reduce Inventory Damage

Managing inventory comes with many challenges, including how to reduce inventory damage. Damage to inventory can occur at any point in your processes. Some products are damaged at the time of receiving, others are damaged during handling and storage and some are damaged during shipping. All damages can impact your bottom line, so it's important [...]

By | October 21st, 2020|Risk Management Tips|0 Comments

Common Inventory Risks and How to Combat Them

Carrying inventory is at the heart of your business but comes with significant risk. Inventory dealers make large financial investments to make sure customers get the goods and services they need, how and when they expect them. To ensure customer satisfaction and the profitability of your operation, it's important to manage your exposures properly. Here's [...]

By | July 14th, 2020|Risk Management Tips|0 Comments