The Power of Purchasing Plans

It's June and our friend John Thomas of John Thomas Jewelers is getting ready to go to The JCK Show ~ Las Vegas. John's going to look at merchandise for the upcoming holiday season. November and December are undoubtedly the busiest months of the year in the jewelry industry. John and his fellow jewelers will arrive at the show with a plan of what they need to purchase and how much they have to spend to prepare inventory for their peak season … right? Well, some might, but not John Thomas. As John packs for the trip, he suppresses a growing feeling of anxiety. John suspects that he already has enough inventory on hand. In fact, after a quick calculation of projected sales through November, he realizes that even with no additional purchases, he'll still have a substantial amount of inventory on Nov. 1. John's anxiety rises even more when he looks at his checking account balance. Do

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