THE WHOLESALER: TOTAL RETURN ON INVESTMENT
The Wholesaler’s Inventory Management Specialist, Jason Bader, recently authored an article about the total return on Inventory Investment. Check out the article to learn how to look beyond the clerical function of the job.
The Wholesaler Excerpt:
Are you a buyer of product or an investor of company money? This is the question I invite all purchasing professionals to ask themselves. Those of you who are familiar with my inventory management philosophy know that I am constantly asking buyers to look beyond the clerical function of the job. We buy sophisticated computers to handle those mind numbing tasks. The fact that many distributors do not use their software to free up the buyers time is a whole other can of worms. When you make the move to investor of company money, don’t be satisfied with price analysis alone. When did we develop this myopic view about the role of the inventory investor? If you are just focused on saving the net price nickels, you are missing the big dollars available in total return on inventory investment.