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 XIV. Helping producers eliminate waste

Collection:: Economics Books

202 THE MODEL STOCK PLAN retailer an adequate total profit. The merchant, in turn, will best increase his own total profits by helping his resources to conquer their wastes and thus get his goods at lower costs as a direct result of these savings. Not for some time, now, have we referred back to the aim of the Model Stock Plan of assuring us the right goods, at the right time, in the right quantities, at the right prices. But we must never lose sight of this ideal in our thinking about and selection of resources. We must never let price influence us to overlook the other parts of the formula; substitute a “wrong” for a single “right,” and this basic rule no longer works. Here, then, is another reason that, under the Model Stock Plan, compels us to cooperate sincerely with our resources. Even though we can never afford to subordinate price too far, we must get our goods at the right time,! else we lose the advantage of seasons in both style goods and staples. We must know enough about our resource’s methods to assure ourselves that he will not buy a small quantity of new material, make up samples, take our order—and then be forced to notify us that he cannot fill the order because he cannot obtain any more of the material within a reasonable time. It is well to know enough, if possible, about his labor relations to be reasonably sure that, just when we have an order of goods in process in his plant, he is not likely to have a sudden strike on his hands. If the manufacturer from whom we buy has a wrong plan or a costly method, it is to our interest to help him improve it. As we have already seen, very often we shall find that the reason for these preventable production wastes lies with the retailers who fail to give him adequate cooperation, because they are using methods of planning and control less effective than those of the Model Stock Plan. It all gets back to the supreme test of any resource: Under the Model Stock Plan, where we should buy must be determined by where we get goods that yield us the greatest total profits ! This subject of price versus reliable deliveries is discussed at some length in Chap. XI, p. 152.

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