The Cost of Overstocks and Understocks

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The answer to the executive's concern starts with the customer. If I if I could get so much time out of this process I produce For my retailer what fewer stockouts and fewer overstocks that makes him Uh happier But that there's a cost associated with that And so where does that cost occur? "Some of those costs occur within my four walls Some of them occur outside my four walls"

George Stalk Jr., business strategist and author of the book Competing Against Time, reveals the surprising ways companies can harness the power of time to blow past competitors, boost productivity, and send profits soaring.

Competing Against Time is the ONE book that Apple CEO Tim Cook makes all his executives read.

In this episode, you’ll learn the proven ‘hardball’ strategies that market leaders like Toyota use to win and discover the counterintuitive approach of paying more to ship and manufacture faster – and how those time advantages translate into unassailable market dominance.

George shares eye-opening examples of how relentlessly reducing time and variance through the entire value chain creates an avalanche of competitive advantages nearly impossible for rivals to copy. But it’s not just about speed – it’s about building a fast-moving, low-variance organization primed to adapt, innovate, and seize opportunities others can’t even see.

Whether you’re a business leader, entrepreneur or ambitious professional, this episode will give you a radical new lens for gaining an unbeatable edge in any industry. After listening, you’ll never think about business strategy or competition the same way again.

Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/

Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/

Follow Shane on Twitter at: https://twitter.com/ShaneAParrish

Our Sponsors:

MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com

Aeropress: Press your perfect cup, every time. https://aeropress.com