Tag Archives: economics

Knowing Your Inventory ABC’s

A business owner asked me:  how can I manage my company’s inventories more efficiently? The business owner imported soap, luggage, and cell phones, in short: assorted merchandise.  He shipped in and kept hundreds of items in inventory, in which he had trouble keeping track.  Sometimes he had too many items in storage or had tooContinue reading “Knowing Your Inventory ABC’s”

It’s Not Only About ROI

The chief executive officer of a multinational consumer goods corporation handed down an edict:  he won’t approve any project unless the proponent presents a justifiable return on investment (ROI).  Whether it be an investment in new facilities, hiring of additional staff, or a promotion of a new product, the CEO won’t let an undertaking pushContinue reading “It’s Not Only About ROI”

Deliberate Scarcity

Whenever I go see my doctor at her clinic at the hospital, I always would find myself waiting in line with other patients.  The clinics adjacent to my doctor’s would also have patients waiting, in which sometimes the queues would overflow into the corridor.  Even if I had called ahead and set an appointment, IContinue reading “Deliberate Scarcity”