I’ve already noted Sir Philip Green’s report on supposed government purchasing inefficiency, and the gaping holes in it, here and here.
But then it occurred to me – if he’s so good at buying why do his stores ever have sales?
After all, aren’t sales just an opportunity for a store to get rid, at low margin, of what they bought in error and couldn’t sell at full price / margin? If he’s so good at buying surely they wouldn’t need to do that, would they?
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I cannot believe that it\’s necessary to point out to an accountant that there\’s a difference between purchasing for resale, those items which may or may not catch the eye of the passing and fickle public, and purchasing for one\’s own internal consumption: something which you really rather should know how much you\’re going to use.
The difference being between not quite knowing what you should buy to sell and buying well what you already know you\’re going to use.