The model stock plan

Bibliographic data

Monograph

Identifikator:: 1820833348

URN:: urn:nbn:de:zbw-retromon-210730

Document type:: Monograph

Author:: Filene, Edward A. http://d-nb.info/gnd/123562244

Title:: The model stock plan

Place of publication:: New York

Publisher:: McGraw-Hill Book Company

Year of publication:: 1930

Scope:: xiv, 253 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Doing more business on smaller stocks

Collection:: Economics Books

114 THE MODEL STOCK PLAN turnover. But it is possible that the Model Stock Plan may show conclusively, as we get into its specific application to our store, that some of our present stocks are so incom- plete and small that they prevent our getting the volume of sales we should have. In other words, when we go at it scientifically we may be forced to the inescapable conclusion that what we need is not smaller stocks for our present sales volume but actually a larger sales volume that will follow more complete and larger stocks. Let me emphasize right here that under traditional methods a larger stock is not necessarily a more complete stock. Under the Model Stock Plan a more complete stock may be smaller; but under the Model Stock Plan a smaller or a larger stock is bound to be more complete. Plainly, when we come to apply the Model Stock Plan to a store where traditional methods have prevailed, we shall find that in applying the plan we are shown precisely how large a stock we should have at a given time in order to earn the largest total profits. Within very narrow limits, the stock should be neither larger nor smaller than the ideal figure for our Model Stock. We shall thus determine how to build up the stock that will be most profitable and what the size of this stock must be. The size of this stock should not be cut down or enlarged by any arbitrary limitation, therefore, either by a money limit or any other limit. On the conirary, if the management of the business is determined lo make steadily the greatest total profits, then it will hold itself responsible and bound to make its publicity plans and appropriations and its other policies such that the turnover of the Model Stock will be fast enough to make it possible to keep the Model Stock continuously right. It will not do for the management to lay the blame on the department buyer so long as he is working the Model Stock Plan properly. As long as the management retains this buyer in its employ, so long is the management responsible and obligated to do its full part in obtaining the greater total profits that inevitably follow the Model Stock Plan properly applied.

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