Ahoy! In the January Tell Tales, operational information was shared with you. In this February edition, let’s briefly discuss a little Inventory Control and Pricing.
Presently, we are in the process of acquiring inventory that the majority of the 200+ members would be interested in purchasing and using or wearing with pride in being a member of our club. Please notice that I said the majority. We must be cognizant to acquiring only items that the majority of the club would want to purchase. We also look for sales from outsiders brought in by the regattas.
At the same time, if we order too much in the interest of keeping the cost per item down, we end up with an excessive amount of inventory that we cannot easily sell. The inventory then becomes stagnant with items that increase inventory costs. We presently have quite a few items in this category. Our objective is to keep the inventory costs on hand down by limiting the number of line items in stock whenever possible. At the same time we are limited on warehousing space.
All items in inventory are sold at whatever price we pay in acquiring these items. There is no markup. As you can imagine, the more we order of each type means a lower cost for that item. The ship store also is involved in a bidding process. Holding the quality constant, we seek out more than one supplier for each item and take the lowest bidder.
My sailing friends, as you chase the horizon catching that perfect wind. Watching the sails snap full as your boat heels and you slice through the water.
In these exhilarating moments that we are all on a journey to catch.
DO IT WEARING EAGLE CREAK SAILING CLUB APPAREL FROM YOUR SHIP’S STORE!
IT’S THE ONLY WAY TO GO!