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Just my thoughts #0687

The Industrial Revolution and advances in science and technology have caused an unprecedented rise in the production of industrial goods. When products made to meet demand cannot be sold, they remain in inventory. If inventory isn’t managed properly, the ability to fulfill purchase requests quickly declines, which harms both producers and consumers. Depreciation is an accounting method that accounts for the decrease in value over time and includes these losses in production costs. So far, the global economy has experienced repeating cycles of booms and recessions. One of the main triggers is inventory. Inventory is a crucial factor that can lead to business failure, but effective inventory management can help promote greater business success. - Joseph’s “just my thoughts”
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Just my thoughts #0189

McDonald’s main menu featured barbecue, and the hamburger was one of 27 items. McDonald’s provided a system for customers to order directly, pick up a hamburger after a while, and serve the food on a plate rather than in a wrapper. When they faced stagnant business, they looked back at the cause and found that 80% of sales came from hamburgers, French fries, and beverages. It took a long time to reduce the menu and switch from plates to wrappers. The past holds back the present and the future. Poor success also involves the burdens of the past.


- Joseph’s “just my thoughts”




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