** There are aspects of business that you never hear about - on this blog or any other. So when Adam Wilson approached me to write about Purchasing and Inventory Control, I jumped at the opportunity! The truth of the matter is that being a buyer for a company is an incredibly important job. There are management problems, leadership issues, cost/revenue control issues, and a whole host of other things that go into inventory decisions! Think about it - how much money does Dell have locked up in backstock? And who is controlling it? — Jason **
Hello.
My name is Adam Wilson and I am a new writer here at jdsblog.com. I am very excited to be involved in this excellent blog and I hope I am able to shed some light on a subject that I think doesn’t get much attention in business magazines (or, for that matter, anywhere else on the intergoogle): Purchasing & Inventory Control.
Now, I realize that purchasing is not a very sexy thing to talk about…which is why you rarely (never?) see an article about inventory control in Inc. Magazine. But inventory control is extremely important. Money can be made and lost very easily at a buyers desk.
I should break here to talk a bit about myself. I work in the purchasing department of an auto parts distributor. We source components and completed units from all over the world, bring them to a central location, and re-sell back to our customers. Basically…we are a middle man. “No!!!”, you say, “Middle men are bad!”. No…no they aren’t necessarily bad, and I will show you why in a future post.
There are a number of things that I want to discuss with you. I want to get deeper into different styles of inventory management and the organization of your product. But I also want to delve into the science…nay…the art of purchasing. There are a lot of topics in different areas we can talk about, and I hope I can make these posts informative and entertaining.
If your business is entirely service oriented, then what I write about probably won’t be of much help to you. But if your business creates or sells a tangible product…then I hope you will read what I have to say. I also hope you will get involved in discussions about the topics we go over here.
I very much look forward to hearing back from you and furthering our collective knowledge of how to improve our businesses.