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.