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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 inyour inventory should receive the most attention. But in reality,less expensive items with higher turnover ratios have a greatereffect on your business than more costly items. If you focus onlyon the high-dollar-value items, you run the risk of running out ofthe lower-priced products that contribute more to your bottomline.

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

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