What principle of cost control should be followed in a wholesale business?

please help on the above small business management questionWhat principle of cost control should be followed in a wholesale business?
A couple of important things that you can do for cost control in a wholesale business would be inventory control and inventory turnover. When you operate a wholesale, you have a lot of inventory that you are in charge of. You don't want to keep items that don't move well and obviously you want to make sure you got enough inventory on the things that move. So inventory control is important.





The other important thing would be inventory turnover. Just like in any business, whenever you are selling products, you want to try to sell as much as you can. With such a big inventory and location, you want to sell whatever you can, as fast as you can so you can bring in more to sell.





Hope that helps.

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