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Show Notes (Thrive Version)
Episode Title: The P&L Killer: Phantom Inventory (Episode 82)
Episode Description: "Why did I miss budget?"
Often, the answer isn't the economy. It's Phantom Inventory. If your system thinks you have product when you don't, it stops ordering. Your Book Inventory stays high, but your Sales drop because customers can't buy what isn't there.
In this episode of Thrive, Mike Hernandez explains the Double Whammy of Ghosts: the impact on Gross Income (Shrink) and the long-term Opportunity Cost (Lost Sales). We discuss how to use Management by Exception (The Zero Sales Report) to find these errors and get your shelves back in sync.
What You Will Learn:
Resources & Links:
By C-Store CenterShow Notes (Thrive Version)
Episode Title: The P&L Killer: Phantom Inventory (Episode 82)
Episode Description: "Why did I miss budget?"
Often, the answer isn't the economy. It's Phantom Inventory. If your system thinks you have product when you don't, it stops ordering. Your Book Inventory stays high, but your Sales drop because customers can't buy what isn't there.
In this episode of Thrive, Mike Hernandez explains the Double Whammy of Ghosts: the impact on Gross Income (Shrink) and the long-term Opportunity Cost (Lost Sales). We discuss how to use Management by Exception (The Zero Sales Report) to find these errors and get your shelves back in sync.
What You Will Learn:
Resources & Links: