Get Your Priorities Straight

To control inventory effectively, prioritize your inventory needs.

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It might seem at first glance that the most expensive items in your should receive the most attention. But in reality, less expensive items with higher turnover ratios have a greater effect on your than more costly items. If you focus only on the high-dollar-value items, you run the of out of the lower-priced products that contribute more to your bottom line.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

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