Do You Know the Value of Your Unused Stock?

Click For Summary

Discussion Overview

The thread explores participants' experiences and perspectives regarding their unused stock and inventory related to Pampered Chef products. Many share their personal inventory levels and financial implications of holding stock, while others discuss their preferences for managing inventory.

Discussion Character

  • Anecdotal
  • Opinion-based
  • Exploratory

Main Points Raised

  • One participant mentions having over $2000 in unused stock and questions where their money goes.
  • Another participant shares that they have almost $10,000 on their PC Visa.
  • Several participants express confusion over the term "stock," with one asking if it refers to items not used often or extras for sale.
  • One participant notes they have $2000+ worth of items for sale at an upcoming fair.
  • Another participant shares they have a small amount of inventory, primarily for host gifts.
  • One participant states they prefer not to keep inventory, highlighting the appeal of Pampered Chef's business model.
  • Some participants mention having received extra items from incentives or promotions, while others report having very little stock.
  • One participant expresses concern about going into debt due to holding inventory, emphasizing that this is not the intended experience for consultants.

Areas of Agreement / Disagreement

Views differ on the amount of inventory held, with some participants indicating they have significant stock while others prefer to keep minimal or no inventory. There is no clear consensus on the best approach to managing stock.

Contextual Notes

Participants share personal experiences related to their inventory management and financial situations, reflecting a range of practices and attitudes towards holding stock in their Pampered Chef businesses.

Who May Find This Useful

Consultants interested in understanding different approaches to inventory management and the financial implications of holding stock may find this discussion relevant.

cookingwithlove
cookingwithlove
Gold Member
Messages
882
Holy cow!!! I just did my inventory, I have over $2000 in unused stock. Is this where all my money goes? Some people collect hi-lighters I guess I collect gear!
 
Way too much, I've almost 10 grand on my PC Visa.
 
WHAT??

Do you mean stock as in things that you own and just don't use all of the time, or as in things that you have EXTRAS of to sell or give away?
 
KG- I had to pop back over here to see what you came up with for this one!
LOL
 
  • Thread starter
  • #6
Unused stuff, used for displays, but has never seen food. I am getting ready for a huge fair this weekend and I wanted to see how much stuff I was taking. I have $2000+ for sale at this weekend's fair.
 
DH has 100 shares of Apple. I have almost 7000 shares of Compuware. The CPWR is my kitchen fund. :)
 
I also have the 12 qt stock pot but there's no stock in it.
 
KellyTheChef said:
KG- I had to pop back over here to see what you came up with for this one!
LOL
Click to expand...
Wow! I'm being stalked in the stock thread.
 
Boo! I see you!
 
Can you tell that the venti double-shot I had at Starschmucks back at the Lake Forest Oasis has kicked in?
 
I thought you were stopping to get that out of your system, as it were. :)
 
I hardly have anything! I really want to change that!
 
I don't know why y'all are making light of this. I have a stock portfolio, too.

I'd urge new consultants to not buy PC things.

Oh, and the PC Visa that was 0% when I signed up? Call them and get them to continue that percentage rate.
 
chefann said:
I thought you were stopping to get that out of your system, as it were. :)
Click to expand...
Well, the carrier is gone. It's just like the last time I called the doctor to tell him I was out of pills. He asked how I was, and I said, "The prescription has ended but the malady lingers on."
 
kspry said:
Way too much, I've almost 10 grand on my PC Visa.
Click to expand...

What?? That's insane:eek: Is it all PC??

As for the orginal post, I don't really have "inventory". I have a couple of paring knives, mini whippers etc as small gifts to hosts.

With that said I sure do own a ton of PC myself. Just about everything in my kitchen is PC.:rolleyes: ;)
 
kspry said:
Way too much, I've almost 10 grand on my PC Visa.
Click to expand...
I was going to ask the same thing, is that all PC stuff on that card?:eek:
 
cookingwithlove said:
Holy cow!!! I just did my inventory, I have over $2000 in unused stock. Is this where all my money goes? Some people collect hi-lighters I guess I collect gear!
Click to expand...
I actually have alot from my suprise box from confrence and some other odds and ends and pan o rama pieces I wanted to use as incentive pieces for Dec. but no bites yet?:(
 
10 k is CRAZY! I have a couple hundred I bought for cash and carry for a fair I'm doing but I NEVER keep anything on hand except host gifts. That is why I love PC over the other bizes, no inventory!
 
I have a bunch of stuff that was doubles from my directors packs and sell a thon packs. Other than that, not much.
 
NONE...and I like it that way.
 
I have very little. Just extra's that I received from incentives, prizes I won at meetings, a few doubles here and there, and what I order from supply for show gifts.
 
pamperedlinda said:
I have very little. Just extra's that I received from incentives, prizes I won at meetings, a few doubles here and there, and what I order from supply for show gifts.
Click to expand...

I'm with Linda. That is all I have too.

Like someone else said - that is one of the things I really liked about PC when signing up - that I didn't have to carry inventory!
 
I never actually answered the question! I agree with Linda and Becky...sounds just like me!


Kspry~
While we may have been poking funnies at each other, no one was making light of anyone's situation. Having a lot of inventory on hand is NOT what PC recommends, and I certainly hope that both of you get your $$ back on the items you have on hand. Going into debt is not what Doris has in mind for any of us. I am sorry you are in that situation.
 

Frequently Asked Questions

What is unused stock in direct sales?

Unused stock refers to products that have been purchased but not sold or utilized. In direct sales, this can include items that consultants have on hand for demonstrations or personal use but have not yet moved to customers.

Why should I evaluate the value of my unused stock?

Evaluating the value of your unused stock can help you understand your investment in products, identify potential cash flow issues, and make informed decisions about future purchases. It can also reveal opportunities to sell or utilize these items effectively.

How can I determine the value of my unused stock?

To determine the value of your unused stock, you can calculate the total cost of the products you have on hand. This includes the purchase price and any associated shipping or handling fees. You can also consider the retail value if you were to sell the items at full price.

What should I do with my unused stock?

There are several options for dealing with unused stock, including hosting clearance sales, offering discounts to customers, donating items to local charities, or using them for personal gifts or demonstrations. Each option can help you recoup some of your investment.

How can I prevent accumulating unused stock in the future?

To prevent accumulating unused stock, consider setting a budget for purchases based on your sales performance, keeping track of inventory levels, and only ordering items that you believe will sell. Additionally, regularly engaging with your customer base can help gauge interest in specific products.

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