THE P&L KILLER (PHANTOM INVENTORY)
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THE P&L KILLER (PHANTOM INVENTORY)
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About this listen
Show Notes (Thrive Version)
Episode Title: The P&L Killer: Phantom Inventory (Episode 82)
Episode Description: "Why did I miss budget?"
Often, the answer isn't the economy. It's Phantom Inventory. If your system thinks you have product when you don't, it stops ordering. Your Book Inventory stays high, but your Sales drop because customers can't buy what isn't there.
In this episode of Thrive, Mike Hernandez explains the Double Whammy of Ghosts: the impact on Gross Income (Shrink) and the long-term Opportunity Cost (Lost Sales). We discuss how to use Management by Exception (The Zero Sales Report) to find these errors and get your shelves back in sync.
What You Will Learn:
- The P&L Impact: How Shrink hits your Gross Income and Controllable Expenses.
- The Double Whammy: Why "Ghosts" stop the automatic ordering system, leaving you with empty shelves.
- The Zero Sales Report: The #1 tool for finding ghosts without wasting labor hours.
- The Career Path: Mike invites you to listen to Drive (District Managers) and Arrive (Owners) to prepare for the next level of leadership.
Resources & Links:
- 📲 Download the Shrink Analysis Guide: Text the word SHRINK to 956-897-9192.
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