Are you professionally qualified in this area? You, along with others are picking things I've said and taking them out of context. We are talking about probably £50 of bait elastic and if a business cant sustain that then i give up. Do you know what Pareto analysis is, ABC classification or usage value classification is didn't want to go down this road but these replies from everyone forced me into it. Everyone thinks they are a buyer and its a highly skilled profession you quoting scenarios that's sometimes are correct but you missing the point and im getting tired of repeating same thing. Fact is a tackle shop in 2014 should not be in a position of running out of stock of bait elastic whether it is a blue chip business or a one man band. The world is changing and customers getting more demanding and i'm simply saying basic stuff like this is completely avoidable. I'm not saying to order a years stock of everything but low value and quick turnaround items should be and i can assure you what i am saying is factually correct once you been educated about it. Couldn't care what size of business you should have a simple system to log what you buying and selling. Using the guy T Woods for example if he turns over £100,000 per annum then in most businesses it would be a guess that he spends £50,000 in purchases. He owes it to himself to manage that professionally and not fly by the seat of his pants as a someone previously stated a tackle shop has to do to be frank that's bollocks.
