973beachbum
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Post by 973beachbum on Jun 28, 2011 11:18:51 GMT -5
Groceries and HBA products? All this talk about the TLC show on extreme couponing and the Internet chat about it has me wondering. ;D I live in a small house and as much as I would like to save money space is really more important than having extra of whatever cluttering up the house to us. We have a pantry in the kitchen and have a few of some things that i bought on sale but I would hardly call it a stockpile. Unless having an extra tooth bush each in the drawer counts. When I watched the show my first thought as I saw one lady buy 77 jars of mustard is we only go though 2 in a year tops. I would just keep staring at all that stuff and feel obligated to cook something that would use it up. I am all for saving money don't get me wrong, ;D but I use coupons to save money not collect obligations. If I want another one of those I can just adopt another pet. So what say you all. Do you have a stockpile or just a nicely stocked fridge and pantry?
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chiver78
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Post by chiver78 on Jun 28, 2011 11:21:51 GMT -5
I keep a stockpile of paper products and some canned vegetables (mostly tomatoes and beans). I buy those items in bulk, with coupons, whenever they are on sale.
I would call my HBA stash "well-stocked" as opposed to a stockpile though. I use coupons for these items, but only buy as many as the coupon requires. in my area, the products I use rarely go on sale. unfortunately, due to my ridiculously sensitive skin, I have to be brand picky here.
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dancinmama
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Post by dancinmama on Jun 28, 2011 11:46:50 GMT -5
Since the drug chains started their reward programs, I have stocked up on several different items when I have been able to get them for free. Most of the products are non-perishables (i.e. paper products, laundry products/household cleaners, and personal care products like razors, toothbrushes, Q-tips, shampoo, etc.). I have also been able to stock up on some food products/staples that the drug chains sell (i.e. coffee, creamer, sugar, tuna, peanut butter, etc.).
I am REALLY fortunate because my home has A LOT of storage space, so that is not a problem for me.
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973beachbum
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Post by 973beachbum on Jun 28, 2011 11:58:10 GMT -5
Dancin since I started doing the CVS ECB thing I find I have been buying less. Since I started with that I find that I noticed they have so many sales and I have enough stuff to roll the ECB's. I just don't jump and buy stuff unless it is a screaming deal anymore. It has been nice to know that when something is on sale it isnt imperitive that I buy it then as now with having a CVS around I know it will come up again. ;D
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thyme4change
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Post by thyme4change on Jun 28, 2011 12:13:13 GMT -5
I just went through my kitchen drawer and fridge and threw out a bunch of stuff that was well past the expiration date. I don't understand the stockpile thing.
Like you, I live in a small house. I save way more money in mortgage and utilities than I would by couponing, but having to buy a house with an extra room in it. Maybe if I lived somewhere that basements were standard I would feel differently, but that isn't the case.
I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. (And yes, one time someone broke into my house and stole all the food from my freezer and my cupboard - so theft is a possibility.) I try to only keep on-hand what I will need in the next week or two. Food at my house is always fresh, and mustard is never past its expiration date.
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973beachbum
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Post by 973beachbum on Jun 28, 2011 12:38:57 GMT -5
I just went through my kitchen drawer and fridge and threw out a bunch of stuff that was well past the expiration date. I don't understand the stockpile thing. Like you, I live in a small house. I save way more money in mortgage and utilities than I would by couponing, but having to buy a house with an extra room in it. Maybe if I lived somewhere that basements were standard I would feel differently, but that isn't the case. I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. (And yes, one time someone broke into my house and stole all the food from my freezer and my cupboard - so theft is a possibility.) I try to only keep on-hand what I will need in the next week or two. Food at my house is always fresh, and mustard is never past its expiration date. I bet I live in a smaller house than you. But I don't do "just in time" so much as not a lot of extra. I have a few bottles of detergent type stuff and a few of most of everything in the pantry. But I definitely don't have an extra room devoted to extras. I just have a pantry and a small linen closet. The only things I buy a lot of is coffee. I would love to say that 10 cans would last a long time but truthfully only a few weeks.
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thyme4change
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Post by thyme4change on Jun 28, 2011 12:40:38 GMT -5
I wouldn't doubt it.
(Seriously, no stockpile, but you do have a pantry AND a linen closet dedicated to food?? You know what is in my linen closet? Linens!)
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dancinmama
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Post by dancinmama on Jun 28, 2011 13:15:22 GMT -5
I don't understand the stockpile thing. Like you, I live in a small house. I save way more money in mortgage and utilities than I would by couponing, but having to buy a house with an extra room in it. Maybe if I lived somewhere that basements were standard I would feel differently, but that isn't the case. I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. (And yes, one time someone broke into my house and stole all the food from my freezer and my cupboard - so theft is a possibility.) I try to only keep on-hand what I will need in the next week or two. Food at my house is always fresh, and mustard is never past its expiration date. thyme: Everyone has to do what works for them and if you don't have the storage space and don't want to get creative with what you DO have, then stocking up on items when they are free just won't work for you. We purchased our home because we like the home and the neighborhood. I would have purchased it regardless of all the storage; but as long as I have it, I might as well put it to good use. ;D
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thyme4change
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Post by thyme4change on Jun 28, 2011 13:32:17 GMT -5
Did I ever say that everyone has to live like I do? I guess an opinion other than "stockpile" is boldly frowned upon here?
Sorry, I thought you were a board that wanted to discuss things, not just pat yourselves on the back.
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dancinmama
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Post by dancinmama on Jun 28, 2011 13:32:54 GMT -5
I wouldn't doubt it. (Seriously, no stockpile, but you do have a pantry AND a linen closet dedicated to food?? You know what is in my linen closet? Linens!) Interesting. The only extra linens that I have are a couple of comforter sets that I got on closeout and are stored on a shelf in the master bedroom closet. Other than that, we don't keep much in the way of extra linens. We have a set of winter sheets and a set of summer sheets. I take them off the bed, launder them and put them right back on. We each have a bath sheet - no extras in a linen closet. Kitchen/dining linens are kept in the kitchen. Other than that, the only "extra" linens that we have are what we call "garage towels" used for washing the car and other cleaning projects and we keep them in the garage. So ya see, different strokes for different folks because designating a special closet for linens would be a total waste of space to me.
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thyme4change
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Post by thyme4change on Jun 28, 2011 13:37:53 GMT -5
That is what I have - a set of winter sheets and a set of summer sheets, for 3 beds, so I keep 3 extra sets of sheets. We do have a couple extra blankets in there in the summer. We have one extra set (2) of towels for visitors. That is the size of my linen closet. I don't see getting rid of a blanket so I can store 77 bottles of mustard.
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dancinmama
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Post by dancinmama on Jun 28, 2011 13:45:17 GMT -5
Dancin since I started doing the CVS ECB thing I find I have been buying less. Since I started with that I find that I noticed they have so many sales and I have enough stuff to roll the ECB's. I just don't jump and buy stuff unless it is a screaming deal anymore. It has been nice to know that when something is on sale it isnt imperitive that I buy it then as now with having a CVS around I know it will come up again. ;D beachbum: My CVS is a Longs conversion and I can't tell you how many weeks they offered the $5/$20 coupons AND $20 worth of FREE after EB and coupon type items week after week after week. It seems like I ALWAYS walked out with more EBs than when I walked in. So I worked it pretty good for a couple of years and stocked up on many non-perishable items that we use on a day-to-day basis. Now, I am a lot more laid back and don't really HAVE TO work it like I used to; sometimes I choose to and sometimes I don't. I did love the Hawaiian Tropic lip balm deal last week. Free lip balm and a $4 profit in EBs - love those kinds of sales. ;D
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dancinmama
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Post by dancinmama on Jun 28, 2011 13:59:55 GMT -5
That is what I have - a set of winter sheets and a set of summer sheets, for 3 beds, so I keep 3 extra sets of sheets. We do have a couple extra blankets in there in the summer. We have one extra set (2) of towels for visitors. That is the size of my linen closet. I don't see getting rid of a blanket so I can store 77 bottles of mustard. Like I said, different strokes for different folks. I'm not into stocking up on free mustard that can regularly be purchased on sale for $1 without even using a coupon. You're watching too much TV.
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emhalf
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Post by emhalf on Jun 28, 2011 15:33:07 GMT -5
Especially when it wasn't even free! Eeek. IDK what anyone would do with that much mustard.
I have a fairly small stockpile. I moved recently so a lot of things got gone. I live in a midsize 2-bedroom apt with a roommate, so there are no extra rooms for stockpiling stuff. We did look at a place that had a small storage room that I drooled over a little, but it wasn't the best option for a variety of reasons. My "stockpile" fits in a utility cabinet in my walk-in closet, with the food items in the pantry and/or kitchen cabinets. If I find that my stuff seems to be overflowing the storage space, I can always take it to the food bank donation box, which I like to be able to do on occasion anyway.
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kgb18
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Post by kgb18 on Jun 28, 2011 15:44:04 GMT -5
Same here. DH has a co-worker who I would call an extreme couponer. We were just talking to him yesterday, and I couldn't believe how the stuff he has stocked up. He seriously has a mini-convenience store in his house. We are busting at the seams in our house. We keep extras of the things we use the most, but I don't have room for 60 bottles of deodorant and things like that.
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startsmart
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Post by startsmart on Jun 28, 2011 16:40:20 GMT -5
I stock piled on some things a few years back, mostly to figure out "the game" and then I quit. I have extra toothbrushes, shampoo, soap, etc. There's only so much I can expect to use in a lifetime. It does help to have extra or old thing so that when I travel I can throw as I go. When I left scotland I tossed old flip flops (shower shoes), nearly done floss, container with a little shampoo in it and even some older clothes I brought along.
Now I don't stockpile because I have enough of the items that don't go bad and prefer fresh meat, veggies and fruit. If I do buy more than I can eat at one time I freeze for later.
I also don't stockpile paper products. I do buy a larger package of toilet paper but have substituted paper towels and napkins for cloth and try to reuse things more than once or twice. Plastic containers from butter or sour cream for example are great to carry paint for touch ups around the house or when I need to paint up on a ladder. Leave the heavy container someplace safe and fill a small container instead.
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973beachbum
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Post by 973beachbum on Jun 28, 2011 16:55:59 GMT -5
I wouldn't doubt it. (Seriously, no stockpile, but you do have a pantry AND a linen closet dedicated to food?? You know what is in my linen closet? Linens!) No, no food in the linin closet just bathroom stuff like soaps, detergent and shampoos etc on one high shelf. All the food is in the kitchen pantry closet. I do have our towels in the linen closet on the lower shelf as well as our beach towels and blankets etc. ;D I also like to keep at least one extra set of sheets per bed. My DS is still young enough for accidents to be a problem. Most of the time now spilling drinks but still requiring changing the sheets. Those I keep in the bottom drawer of a dresser in each bedroom. I don't know why it just seemed easier at the time to have each beds extra set in that room.
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dancinmama
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Post by dancinmama on Jun 28, 2011 16:58:00 GMT -5
I stock piled on some things a few years back, mostly to figure out "the game" and then I quit. I have extra toothbrushes, shampoo, soap, etc. There's only so much I can expect to use in a lifetime. It does help to have extra or old thing so that when I travel I can throw as I go. When I left scotland I tossed old flip flops (shower shoes), nearly done floss, container with a little shampoo in it and even some older clothes I brought along. Now I don't stockpile because I have enough of the items that don't go bad and prefer fresh meat, veggies and fruit. If I do buy more than I can eat at one time I freeze for later. I also don't stockpile paper products. I do buy a larger package of toilet paper but have substituted paper towels and napkins for cloth and try to reuse things more than once or twice. Plastic containers from butter or sour cream for example are great to carry paint for touch ups around the house or when I need to paint up on a ladder. Leave the heavy container someplace safe and fill a small container instead. startsmart: Good job. A lot of the gals on the Grocery Challenge will take a break from couponing when they have enough in their stockpiles to last them a while. When they see that they need to replenish something, they'll jump back in for a while. My favorite "paper" product to stockpile is toilet paper cuz ya gotta have it and it isn't cheap.
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phil5185
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Post by phil5185 on Jun 28, 2011 17:08:46 GMT -5
I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. is never past its expiration date. My thoughts exactly - I started using JIT at home before it became popular in Industry - for all of the reasons above. Also, if you have a large stockpile, you tend to 'overuse', you get wasteful. And last - my 'stockpile" dollars get to keep earning 11%/yr for a few extra months.
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murphath
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Post by murphath on Jun 28, 2011 17:40:28 GMT -5
I don't think I go crazy with the stockpiling but if the drugstores are going to "give" me something for free or a profit, I'll take that. The Exteme Couponing show has cast a bad light on this issue. While I use coupons and drugstore rewards $ strategically, I'm not buying 200 of anything in one shopping trip! I have one side of the garage (one long shelf) which is where I keep everything except food items--those go inside. With a family of 5, (3 females), we go through this stuff. Of course, the girls' friends like to "shop" in my garage, too! I kept track last year of all my purchases, money spent etc. to see if it was worth the effort. If memory serves, I got @ $4,500 worth of stuff. After the coupons, rebates, and store money, I was out of pocket @ $50.00. That was less than the tax (this is where coupons combined with rebates is a real bonus). I think it was worth my time so I am continuing to buy things when I can get them for free or make a bit of change on the deal. Others may not think so--that's cool with me. Different strokes, etc.--just means there will be stock on the shelves when I get to the store as I am not one to arrive the second they open. I like going mid-week.
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seriousthistime
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Post by seriousthistime on Jun 28, 2011 18:57:49 GMT -5
I have a little stockpile of those soaps, shampoos, conditioners and lotions from the better hotels. I used to travel and stay at nice places, and I'd try a shampoo and think it had a nice smell or it made my hair feel good, so I'd bring some extra home. And then occasionally when I'd travel to a place that didn't have stuff just for me (like someone's home), I'd buy travel sizes of toothpaste, shampoo, conditioner, etc. So I have a drawer in one vanity with this stockpile.
A woman I know was laid off from work and when I ran into her recently she was telling me her tale of woe. She told me that if it weren't for her stockpile she'd be SOL. I didn't ask how big her stockpile was, but it has fed her, and kept her and her house clean, for a few months. I don't think I could eat off my stockpile for more than a couple of weeks, but I think I'd be set on HBA for a while longer.
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dancinmama
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Post by dancinmama on Jun 28, 2011 19:07:49 GMT -5
I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. is never past its expiration date. My thoughts exactly - I started using JIT at home before it became popular in Industry - for all of the reasons above. Also, if you have a large stockpile, you tend to 'overuse', you get wasteful. And last - my 'stockpile" dollars get to keep earning 11%/yr for a few extra months. phil: You really wouldn't have any "stockpile" dollars to keep earning 11% a year on because many of us focus on the products that we use day-in and day-out that are FREE - nothing or very little out of pocket. So let's say that this week I buy $100 worth of products that my family will use over the next (6) months that were on sale for $50, but that I paid $0 because of coupons and rewards. I did not spend the $50 today and I will not be spending it tomorrow either. It is $50 that I will not have to earn and pay payroll taxes or federal/income taxes on in the future AND it is $50 that is now available to invest at whatever percentage interest compounded over the next 10, 20, or (in my case) 30 years. Now you're talking about a boatload of REAL MONEY!! Many people poo poo the real value of coupons without really thinking about the long term possibilities.
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973beachbum
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Post by 973beachbum on Jun 28, 2011 19:36:24 GMT -5
Another thing with JIT inventory, which I did do for a business, is I don't get paid for my space at home. At work if I have too much of one thing that means I don't have space for other things that a customer or employee might want or need. At home that really isn't an issue except for things like milk that spoil quickly. My kids may not like the toothpaste I bought but they do have to use it if it is all that is in the house. That tact doesn't really work with customers like it does with kids. Plus my kids are still young enough to use the last of something and not say a thing till they are in the shower and screaming that they need soap. It is very helpful to have a couple of extras hanging around instead of having to schlep out to the store. And with the way my kids use things like shampoo or toothpaste I swear they must be knocking it over and just dumping it all over the shower.
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dancinmama
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Post by dancinmama on Jun 28, 2011 19:57:25 GMT -5
I don't have a stockpile. I believe in "Just in Time" inventory - which is now called Logisitics Management and all the best, most profitable companies use it to keep costs contained. It basically says that if you buy things as you need them you don't pay for storage, obsolences, waste, spoilage or theft. This method may work for companies, but families are not companies. storage: This point could be made IF the couponer bought a home for the sole purpose of paying for extra space to store products; otherwise this falls flat. Once the house has been purchased/rented any storage space that is available is best used to reduce the overall cost of living. obsolescence: I doubt that most of the non-perishable products that most of us are purchasing will become obsolete any time in the near future. Personally, I don't see shampoo or toothpaste becoming obsolete any time soon. waste: Yes, I suppose some people who stockpile might use more product than they might otherwise than if they were paying real money for it. Most, however, are well aware of the POSSIBLE replacement costs especially if the manufacturers decide to do away with coupons (unlikely) or if the major drug retailers decide to do away with their rewards programs (it could happen). spoilage: This really does not apply to non-perishables, but food products are another story. Many people who stockpile are cognizant of how long it takes them to go through the various food items that they buy/use on a regular basis and buy accordingly. When they add to their stockpiles, they rotate the older product to the front and put the new product in the back. IF they do happen to overbuy, most will donate the product to their local food bank before the "best by" date stamped on the package. theft: Yes, it could happen; highly unlikely. I don't believe that JIT makes as much sense as stockpiling. We are families purchasing for personal consumption which is much different than a company that has to buy/lease an extra building to store the raw materials (that they actually have to pay for) which are needed to eventually produce a product that will eventually be sold for a profit.
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phil5185
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Post by phil5185 on Jun 28, 2011 20:19:07 GMT -5
which is much different than a company that has to buy/lease an extra building to store the raw materials The big cost isn't really the storage space, it is the inventory cost. If you maintain $5m worth of tires at the ends of the Auto production lines, you are continually losing 5% on $5M. The storage stacks have a shelter cost, but not so much. With JIT, the tires arrive at the end of the Line in time to be installed, no inventory costs.
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dancinmama
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Post by dancinmama on Jun 28, 2011 20:32:42 GMT -5
which is much different than a company that has to buy/lease an extra building to store the raw materials The big cost isn't really the storage space, it is the inventory cost. If you maintain $5m worth of tires at the ends of the Auto production lines, you are continually losing 5% on $5M. The storage stacks have a shelter cost, but not so much. With JIT, the tires arrive at the end of the Line in time to be installed, no inventory costs. phil: Ya, I was just pondering this whole JIT discussion and thinking about that very point (i.e. inventory cost and how it cuts into corporate profit); but like Iggy asked, how does that concept apply to stockpiling and saving the average American family money? If I am getting the product for free to begin with, there is no inventory cost. That is the entire point of using sales, coupons, and store promotions to stockpile products that a family will EVENTUALLY use. If there is no or very little inventory cost (I'm talking pennies on the dollar at most), wouldn't it make sense to "buy" in advance of need?
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dancinmama
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Post by dancinmama on Jun 28, 2011 20:34:46 GMT -5
Interesting, thank you for taking the time to post that, dancin, as well as your earlier post. I am currently reading about the Kaizen principal online. Iggy: I'd love to read along and discuss. Do you have a link? ETA: Reading about it on wikipedia. Wow, I just realized that DH has talked about Kaizen with regards to his company. I get the impression from what he has said that it is not applied on a daily basis, but pulled out of the tool chest as an application when there is a problem that needs to be addressed/solved. He will come home and say that he is part of a group doing a Kaizen exercise.
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phil5185
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Post by phil5185 on Jun 28, 2011 21:28:07 GMT -5
Phil, can you apply it toward a household "operation", please? Sure. If you keep a continuous $2500 'rolling' inventory of frozen meat, 100 cans of canned goods, TP, paper towels, sugar, flour, cases of bottled water, tooth paste, etc - you lose the 5% or 10%/yr return on the $2500 that you get from your favorite money storage place. That 10% inventory cost offsets the 10% discount that you got by buying in bulk, ie, a minimal gain if any. Plus the other things that thyme4change mentioned - waste due to abundant supplies, obsolescence (someone may grow to hate Crest or A&W Rootbeer halfway thru the year), etc.
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dancinmama
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Post by dancinmama on Jun 28, 2011 22:22:13 GMT -5
Phil, can you apply it toward a household "operation", please? Sure. If you keep a continuous $2500 'rolling' inventory of frozen meat, 100 cans of canned goods, TP, paper towels, sugar, flour, cases of bottled water, tooth paste, etc - you lose the 5% or 10%/yr return on the $2500 that you get from your favorite money storage place. That 10% inventory cost offsets the 10% discount that you got by buying in bulk, ie, a minimal gain if any. Plus the other things that thyme4change mentioned - waste due to abundant supplies, obsolescence (someone may grow to hate Crest or A&W Rootbeer halfway thru the year), etc. phil: Your example does not hold water. Most people who stockpile would not do so for a mere 10% discount. Most people who stockpile in the way that has been addressed in the OP, usually do so at 100% savings or very close to it. For those people, using a JIT strategy would result in a huge fiscal loss. Wouldn't you agree?
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reeneejune
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Post by reeneejune on Jun 29, 2011 0:39:59 GMT -5
It's rather an ant vs. grasshopper debate isn't it? Those who stockpile have very valid, thought out reasons for why they chose to plan ahead in the way that they do. And those who chose not to stockpile have their own equally valid reasons for opting out. Experience tells me that just like saving/investing money is a sound strategy for helping me get through tough financial times, stockpiling can also be a form of saving for tough times. Because that emergency fund will last me longer if I don't have to run to the store after basic supplies that aren't going to spoil. Like toilet paper. I'd skip a meal, but I'd scrape together every last penny I could find to make sure I had enough toilet paper. And considering how much I like to eat, that's saying a LOT! ;D
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