If you were to rationalise out non performing, non contributing products, several benefits flow.
Your overall margin increases on smaller sales immediately as the non contributors are removed, Your inventory holdings can be reduced, therefore more free cash Your inventory turns increase Your emphasis is on managing profitable products The need to raise prices reduces as you are no longer supporting non profitable sales.
Be very careful MCP chasing profits by increasing prices, its a sure fire way of losing sales and getting into a non reversible downward spiral
MCP Price at posting:
41.0¢ Sentiment: None Disclosure: Held
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