We focused some of our efforts on our inventory. We have little storage space and looked for ways to decrease our inventory on hand. We have one inventory aide (out of 24.4 FTEs) that does our ordering and restocking. She began to decrease her order size over time and at the end of the year we took our fiscal year end inventory.
In 2007, our year end inventory totaled $97,102. In 2008, it totaled $52,365. We had reduced our inventory by $44,737 in one year!
I was amazed and celebrated the success with our inventory aide, who had been instrumental in the change. I ordered a bouquet of flowers from the local florist, purchased a gift card, and asked our CEO to join me in delivering the thank you. The inventory aide was shocked that we had acknowledged her hard work and she was overwhelmed with our thank you. It was well deserved.
Key Tweets from @MarkGraban Week of May 22
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