What is a key characteristic of low turnover, high cost stock items?

A key characteristic of low turnover, high cost stock items is that they need to be tagged for inventory tracking. These items are often significant investments for a business, which makes accurate tracking imperative. By tagging these items, businesses can monitor their quantities, whereabouts, and usage more effectively, preventing potential losses or discrepancies in inventory records.

Given their low turnover, these items may not be sold frequently, which can lead to them being overlooked in manual tracking systems. Tagging helps ensure they are accounted for and available when needed, aiding in better inventory management practices. This kind of tracking reduces the risk of stockouts and helps in making informed decisions regarding purchasing, storage, and pricing of high-cost inventory.

Other options may touch on aspects of inventory management but do not address the specific needs of low turnover, high cost items as directly as the requirement for tagging.