When my wife was still here, she has the habit of not buying anything until we ran out of it like sugar or cooking oil. Then she would instruct our maid to buy from the neighborhood store whose prices were always a lot higher than the supermarket prices. I was the other extreme though. I would buy supplies from the supermarket that would last for two weeks to a month and would always look for bargains and volume discounts which most of the time bloated my buying budget . When my wife went to the US to work, I was left alone to tackle our budget and I had to be really judicious in spending because I had no one else to borrow from if I ran out of money.
Then I remembered the Japanese style of warehousing management called Just In Time. The Japanese style involve suppliers who will monitor the company's consumption of raw materials, packaging materials and other components of production and advise management when to buy new materials. I became adept at buying just the right amount of goods to last at almost exactly the next remittance date from my wife. Thus, I avoided my previous penchant for over stocking. I also trimmed down on non essentials and looked for cheaper substitutes without sacrificing quality. But this will not hold true for our salvation. We cannot wait for the last moment to repent from our sins and accept Jesus Christ as our Lord and savior. We may not be as lucky as the thief on the cross who was able to attain salvation from Jesus Christ at the last moment before he died.
Tags: Just In Time, Japanese Style of Warehousing Management, Theory Z, Japanese Style of Management, Japan, Japanese, Affluence, Success in Business, Economics
Posted by: Mel Avila Alarilla
Philippines
Management/Business/Economics
