Wi2025: Cost of Goods Sold: Optimizing Inventory for Maximum Profit

Cost of Goods Sold (COGS) is one of the key metrics for ABA's ABACUS survey and your store's profitability. This session will focus on how you can manage COGS through ordering, negotiating, and diversifying your inventory. We'll discuss high-margin books like remainders and used books, pricing and management of non-book items, and how and when to buy strategically. You'll gain insight to prioritize improving your COGS while enhancing your store's financial health and overall success.   Recorded Februrary 24, 2025 at Winter Institute 2025 in Denver, CO Additional bookstore education resources can be found at www.bookweb.org.   Theme song by Constant Companion