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Consignment Store Risks

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What are the key ingredients to success in a Consignment Store?

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This solution provides a discussion of the key ingredients in a consignment store.

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Consignment stores are complex due to the costs of maintaining consignments. If consignments aren't timed correctly, management will have an excess of consignments that are basically just sitting, and as with regular inventory, the main problem is that consignments and other inventory that just sits incurs costs. Therefore, the first main key ingredient would be the ...

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