I have decided to combine Business Blunders and Forward Looking Business Training under one place. Visit my blog danielwelliot.blog.spot.com for weekly discussions on various business topics. Daniel W. Elliot, CPA (danielwelliot.blogspot.com)
“Just put the juice on the table, and please bring the liquor over here Juan.” Isaac, who has arrived at work early because today he receives the weekly inventory, points towards the top of the bar. “You didn’t have Gin on your list Mr. Isaac, so I brought some just in case” Juan advises. “That’s fine Juan; I will use it eventually.” Bringing something not on the order is something you won’t often see anywhere else. The two men finish unloading the supplies, then Juan heads for the door. “Hasta luego Señor Isaac.” During the past two years Isaac has been able to get a fairly good idea of what sells and how often. He also knows some products are often backordered depending on the season, so he makes sure he adjusts his orders accordingly allowing enough lead time. If he wants to compete with the other bars, he certainly cannot be running out of product. Isaac leaves the shipment on the tables for now as he needs to check on an issue at one of his rental suites. Whe