Out of the buying budget, allow around 80 percent for the never-outs
, predictable sellers (even if you are bored with them), known winners or expanding categories, and your own specialty/unique lines that differentiate you.
"At a recent wine conference, the F & B director for Bellagio stated his three 'never-outs
' were Opus One, Dom Perignon and Cristal," she said.
I am all for having the essentials in stock but when were four different colors of one style of concrete birdbath considered never-outs
?And this happened in a company with buying budgets, long-term employees, a conservative owner and a consultant!Hindsight is always 20:20 and this will be a good learning experience for the relatively new manager.