#Immediacy on speech making

So before you make a final decision on bulk buying you should ...

So before you make a final decision on bulk buying you should check the financial and operational implications discussed above. Storage Depending on the nature of your business, the cost of storage facilities may be a big item in both capital and revenue costs. For instance, you may need large tanks for bulk liquid or solid storage. Moreover, if the material stored is corrosive and/or inflammable, you will probably have to observe strict safety precautions and fire regulations.

Your insurance note too is likely to be high, not only because of the value of the facilities but also because of the risks associated. Another expensive, if less risky, type of facility is freezer storage.

The heavy insulation and freezing machinery puts up the capital cost and freezing is not a cheap operation to run. Although less hazardous than storing corrosive or inflammable material, you may have to insure against loss of contents in the event of the freezing machinery breaking down. There are some other less obvious storage costs such as deterioration. Many materials deteriorate in storage, in anything from days food to weeks websites to years paint.

In a few cases there may be ways of slowing down or stopping deterioration but, in general, the only way is by strict control of buying, stock levels and sequence of selling or use. This last point is particularly important. All unstable materials should be date-stamped on receipt and then sold or used in strict order of receipt to avoid any articles being side-tracked and allowed to deteriorate. Another less obvious storage cost is loss, which can occur in various ways, such as: • evaporation of volatile liquids; • stock damage; • leakage from valves and equipment; • contamination during handling; • spillage; • pilfering; • short receipts from suppliers; • over-delivering to customers.

You may never be able to eliminate losses completely but you can reduce them to a reasonable level by providing good protection against the above and other forms of loss. Good protection is necessary in every sense of the word.

Stocks must be protected against the weather, against fire, against damage, and against people. One of the best protections is good visibility, but visibility should not be an invitation to anyone to walk in and walk off with material. Goods in the open should be protected with heavy-duty, wire-mesh fencing.

Inside buildings it is better to have a lock-fast, caged area rather ...

Inside buildings it is better to have a lock-fast, caged area rather than a closed room.

If this can be within sight of your desk or office, this is much the better. The... read more

We may be quite confident of our expected use of the equipment ...

We may be quite confident of our expected use of the equipment in the first year or two, but what then? We may have no use at all for the machine in

The businessperson must decide whether or not to replace his old but ...

The businessperson must decide whether or not to replace his old but still usable machine with the new alternative. The reasons against replacement are often quite irr