PRICED OUTTA SIGHT...

[arrow]

Weren't they bought out by Paladin?

Not aware
I know originally they were in Tennessee

 

[vanskills]

This thread is way to political for a tractor forums lol

 

[scootr]

Never miss a opportunity to increase prices.

A gas station I know was great at this… he would see his competitor raise prices and he would do the same…

Owner said price is based on the market and not cost…

At the parts store back in the 80’s every time we got a price increase it was my job to mark up the existing inventory.

This practice of price jacking on existing inventory has always rubbed me the wrong way.

 

[ultrarunner]

My boss did this with auto parts saying it’s the cost to restock.

Plus more than a few times he had been stuck with high cost inventory and took a loss just to move it.

 

[WinterDeere]

Standard cost of carrying inventory has always been around 1.5%/month. That covers facilities, inflation, cost of offset capital, etc. any more than that, and you’re over-charging. Any less than that, and you’re losing money on opportunity cost and facilities space.

 

[garry1p]

One of Walmart's key to success was perfecting "Just In Time Inventory".

 

[RayIN]

One of Walmart's key to success was perfecting "Just In Time Inventory".

Just in time inventory was taught to the country of Japan by American businessmen during WWII reconstruction and rebuilding, even though the system had not been implemented in the U.S.A. yet. The main drawback is time; just one delivery truck running a day late or involved in a crash shuts down finished product production.
BTW, just in time isn't working for WM in the city near me; most of the time there are empty shelf-spaces somewhere in the store.

 

[Bootlegger750]

I have no demonstrable data I can share but I can tell you as per notification from Mahindra the $24995 tractor will be closer to $27000 shortly

The Mahindra prices in Tennessee where I’m at are crazy. They definitely have a lot more inventory available on the lots now…lol. My last two tractors were Mahindra. Both the Max 28XL and 1640 were wonderful Machines. I sold the 1640 a year ago. I went to buy another tractor after regretting that I sold mine. They were as high as Massey Ferguson and Case/NH. Most i seen had jump $3-$4k in price

 

[WinterDeere]

I run my business based on holding no inventory other than the current projects I'm building, and things with mininum buys greater than project demand (i.e. screws, electrical conctacts... cheap stuff). It's not truly "just-in-time", as I will bring in some parts (e.g. connectors) weeks ahead of the custom-fab'd parts becoming ready to assemble a project, just so that I don't have to worry about a distributor running out of stock and holding me up when I need the part. But most anything that's an always-available commodity is ordered for delivery just ahead of the custom fab parts, to keep my inventory as low as possible.

Carrying inventory does have costs associated with it, so I can understand the need for a "just in time" model, when operating in a competitive market. Moreover, you're usually stuck paying for that inventory within 30 days of your vendor shipping it, and it's nice to not have such a long gap between the money you spent and money coming back from your current project, when you're trying to already make funding available for the next project!

My big gripe right now is that many customers are seeking 60 day credit terms, breaking the century-old (centuries-old?) tradition of "Net 30" terms. So far, those customers have always needed me more than I need them, so I reject any order coming with a request for 60 day terms. It hasn't cost me any business yet, each customer has come back and agreed to Net 30, but I suspect that's only a matter of time until Net 60 becomes accepted by enough of my competitors as to be a real issue for me.

If you can't manage pay your bills within 30 days, I'm not sure I really want to do business with you! But some of those pushing this are the largest companies, where stretching credit terms at 1.5%/month can translate to a lot of money.

 

[Tinhack]

Carrying inventory does have costs associated with it, so I can understand the need for a "just in time" model, when operating in a competitive market.

Oh yeah, for sure. Space Requirements, Taxes, Lost Opportunity, Market Uncertainty, Employee Theft. The list goes on.

 

[D&D]

All rational thinking until you’re on the customer end and are waiting months for a part to show up.

 

[ultrarunner]

I run my business based on holding no inventory other than the current projects I'm building, and things with mininum buys greater than project demand (i.e. screws, electrical conctacts... cheap stuff). It's not truly "just-in-time", as I will bring in some parts (e.g. connectors) weeks ahead of the custom-fab'd parts becoming ready to assemble a project, just so that I don't have to worry about a distributor running out of stock and holding me up when I need the part. But most anything that's an always-available commodity is ordered for delivery just ahead of the custom fab parts, to keep my inventory as low as possible.

Carrying inventory does have costs associated with it, so I can understand the need for a "just in time" model, when operating in a competitive market. Moreover, you're usually stuck paying for that inventory within 30 days of your vendor shipping it, and it's nice to not have such a long gap between the money you spent and money coming back from your current project, when you're trying to already make funding available for the next project!

My big gripe right now is that many customers are seeking 60 day credit terms, breaking the century-old (centuries-old?) tradition of "Net 30" terms. So far, those customers have always needed me more than I need them, so I reject any order coming with a request for 60 day terms. It hasn't cost me any business yet, each customer has come back and agreed to Net 30, but I suspect that's only a matter of time until Net 60 becomes accepted by enough of my competitors as to be a real issue for me.

If you can't manage pay your bills within 30 days, I'm not sure I really want to do business with you! But some of those pushing this are the largest companies, where stretching credit terms at 1.5%/month can translate to a lot of money.

Just in time worked well for medical pre pandemic but continues to plague the industry ever since…

 

[WinterDeere]

Just in time worked well for medical pre pandemic but continues to plague the industry ever since…

I heard an economist once argue that capitalism is the best system on earth, for nearly everything except disaster relief management. Tuning your supply chain efficiency for minimum stock is the last thing you want when Hurricane Katrina or a health pandemic hits the public.

 

[ultrarunner]

I heard an economist once argue that capitalism is the best system on earth, for nearly everything except disaster relief management. Tuning your supply chain efficiency for minimum stock is the last thing you want when Hurricane Katrina or a health pandemic hits the public.

True… but then there is the question of outdates and minimum purchase…

Say the crash cart requires a certain moderately priced drug with a one year shelf life and it’s only sold in quantities of 6 and at the end of the year you have 5 full unused to dispose…

Some centers would partner but this creates added issues for controlled substances.

Lots of mandated waste in medical…

During the pandemic many drugs and supplies received a blanket waiver to extend outdated…

Zero issues but it was a one time emergency measure when certain supplies simply didn’t exist…

Supply chain is interesting and companies like Ford a 100 years ago did a good job of vertical integration… coal from Ford mines transported on Ford ships and rail to Ford steel mills and then into production.