INVENTORY MANAGEMENT “RULE OF THUMB” – By Alan M. Friedman
Since the invention of the cash register, music product retailers have been searching for predominantly two things: (1) a ’59 Sunburst Gibson Les Paul in mint condition, and (2) a “rule of thumb” for buying inventory that really does work. Since I don’t know anyone selling a ’59 Paul for less than the $600,000 it’s …