However, low-cost items can be crucial to your production process and should not be overlooked. You may choose to concentrate resources on the areas of greatest value. If your stock levels are limited by capital, this will help you to plan expenditure on new and replacement stock. For example, you could put items into low, medium and high value categories. You can categorise stock further, according to its value. The type of stock can influence how much you should keep - see the page in this guide on how much stock you should keep. consumables - for example, fuel and stationery.work in progress - stocks of unfinished goods in production.raw materials and components - ready to use in production.
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