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person in the manufacturing or selling end of the business has his particular interest in that figure, and as we turn that fact over in our mind the thrill of pride turns into a chill of fear. "What if I had to furnish that amount of money to run this business?" or "What is my relation to that figure?" are questions running through our miruls, or that ought to he running through our minds if they are not.
No one man, two men, or one hundred men can keep an inventory down to where it should be for the good of the business. Every one on the payroll, from the office boy up, is responsible. There will, and must always, be an inventory, but it should never be in excess of an amount necessary to run the business economically. Every item in an inventory carries a certain amount over and above the actual cost of the material, and the labor cost is an important item run¬ ning, in the case of finished machines, largely in excess of the actual cost of the materials. There is great temptation always to play safe by ordering more ma¬ terial or goods than you need and of forgetting that you are not the only man in the employ of the company that needs the particular item in which you are interested—be it lumber, steel, pig iron, oil, coal or finished machines. Inventory is a good thing, but it is wrong to apply the adage, "you can't keep a good thing down." An inventory can be kept down, and only when that is done is it a good thing. Take stock of yourself and see where you stand. Have you, Mr. Chief Clerk, got too large a supply of rubber-bands, pencils and stationery in your vault? Is the tool steel in your department, Mr. Foreman, more than you should have? Have you, Mr. Superintendent, got more lumber in your yards than you need to safely protect manufacture? How about your pig iron, steel, coal, etc? Do you need it all? Look into the miscellaneous items—how about them? No, the factory is not the only place we find an inventory. Mr. General Agent, look into your repair bins. You will be surprised to find how much you have on hand you can never possibly use. Don't stop there but go carefully through your warehouse and you will become an inventor. You will "come upon," "discover," "find out" and "produce for the first time" some things you had forgotten about. Bring them out to the light of day and "put rollers under them." It is a big subject and we have not altogether overlooked it, for even with the worries and cares that the war has brought to us during the past year, our inventory on January 1, 1915, was several millions less than it was on January 1, 1914. But we must not stop. We must go on with the good rdV„Ur7ge„°er''"°'' BRING IT DOWN
Object Description
Title | The Harvester World: Volume 6, number 4, April 1915 |
Object Type | Periodical |
Language | English |
Source | McCormick Mss 6z |
Electronic Publisher | Wisconsin Historical Society |
Physical Description | 7.25 x 9.5 inches |
Electronic Publication Date | 2008 |
Year | 1915 |
Volume | 006 |
Issue | 04 |
Date | 1915-04 |
Rights | © Copyright 2008 by the Wisconsin Historical Society (Madison, Wisconsin) |
Series | The Harvester World ; v. 6, no. 4 |
Format | TIF |
Description | Harvester World magazine was first published by International Harvester Company in October of 1909. From 1909 to 1946, Harvester World functioned primarily as an employee magazine, carrying news from various factories, branch houses and dealerships around the world. The magazine included biographical sketches of employees; notices of retirements and promotions; announcements regarding new company initiatives or building projects; and a variety of other news relating to nearly every facet of the company’s world wide operations. The magazine was published by the company’s Advertising Department, and also functioned as a way for headquarters to communicate with dealerships. In 1946, the magazine was redesigned and eventually shifted from an employee magazine to a more customer-oriented focus. By the 1950s, most Harvester Articles were human interest stories centering on the people and organizations who used International Harvester products. At the same time, photography became an increasingly important element in the content and presentation of the magazine. The magazine was discontinued in 1969. |
CONTENTdm file name | 9808.cpd |
Date created | 2018-11-21 |
Date modified | 2018-11-21 |
Description
Title | page 3 |
Object Type | Periodical |
Source | The Harvester World, April 1915 |
Page Number | 3 |
Electronic Publisher | Wisconsin Historical Society |
Physical Description | 7.25 x 9.5 inches |
Electronic Publication Date | 2008 |
Year | 1915 |
Volume | 006 |
Issue | 04 |
Date | 1915-04 |
Rights | © Copyright 2008 by the Wisconsin Historical Society (Madison, Wisconsin) |
Series | The Harvester World ; v. 6, no. 4 |
Full Text |
person in the manufacturing or selling end of the business has his particular interest in that figure, and as we turn that fact over in our mind the thrill of pride turns into a chill of fear. "What if I had to furnish that amount of money to run this business?" or "What is my relation to that figure?" are questions running through our miruls, or that ought to he running through our minds if they are not. No one man, two men, or one hundred men can keep an inventory down to where it should be for the good of the business. Every one on the payroll, from the office boy up, is responsible. There will, and must always, be an inventory, but it should never be in excess of an amount necessary to run the business economically. Every item in an inventory carries a certain amount over and above the actual cost of the material, and the labor cost is an important item run¬ ning, in the case of finished machines, largely in excess of the actual cost of the materials. There is great temptation always to play safe by ordering more ma¬ terial or goods than you need and of forgetting that you are not the only man in the employ of the company that needs the particular item in which you are interested—be it lumber, steel, pig iron, oil, coal or finished machines. Inventory is a good thing, but it is wrong to apply the adage, "you can't keep a good thing down." An inventory can be kept down, and only when that is done is it a good thing. Take stock of yourself and see where you stand. Have you, Mr. Chief Clerk, got too large a supply of rubber-bands, pencils and stationery in your vault? Is the tool steel in your department, Mr. Foreman, more than you should have? Have you, Mr. Superintendent, got more lumber in your yards than you need to safely protect manufacture? How about your pig iron, steel, coal, etc? Do you need it all? Look into the miscellaneous items—how about them? No, the factory is not the only place we find an inventory. Mr. General Agent, look into your repair bins. You will be surprised to find how much you have on hand you can never possibly use. Don't stop there but go carefully through your warehouse and you will become an inventor. You will "come upon" "discover" "find out" and "produce for the first time" some things you had forgotten about. Bring them out to the light of day and "put rollers under them." It is a big subject and we have not altogether overlooked it, for even with the worries and cares that the war has brought to us during the past year, our inventory on January 1, 1915, was several millions less than it was on January 1, 1914. But we must not stop. We must go on with the good rdV„Ur7ge„°er''"°'' BRING IT DOWN |
Format | TIF |
Full resolution | Volume590\IH210089.tif |
CONTENTdm file name | 9784.jpg |
Date created | 2018-11-21 |
Date modified | 2018-11-21 |