Making the Most of Your Tool and Equipment Budget

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Toward More Perfect Production

Adopt key maintenance and purchasing strategies to protect your bottom line

By Andrea Hill

If you make jewelry, the word “inventory” probably brings to mind the precious metals, gemstones, and finished pieces you have on hand (as well as the dollars tied up in them). But there’s another inventory in your business that you may be neglecting. The IRS won’t come after you if you fail to manage it, but it can sure punch a hole in your profit.