Nelson's emphasizing just how important their individual store performance is to the overall corporate performance brought home some key points. Not only will you and your store perform better but so will the total business of the company. I cannot think of any company whose performance would not improve by increasing the rate of inventory turn. And, by the way, the concept of velocity applies as well to services as it does to products. And I'm not talking about throwing out a few ideas.
Every great manager is in some respects a great teacher.
If not, you're throwing away a cost-free opportunity for prospering in what could prove to be a very difficult economic climate. 2001 Time Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited. What Goes Around This is the time to add classic economic cyclicals to your portfolio.