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Keys to inventory management

Question
What is the most important thing to know about inventory management? 
Answer
When collected, sales revenue is composed of the cash you invested to make that sale, and hopefully, a profit. Inventory you own is a cash investment you've made, but have not yet converted into revenue. Every day that inventory remains owned by you and not a customer is diminished return on investment.

The more you desire a return on your investment and to make a profit, the more you will manage inventory judiciously.

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