Tuesday, June 10, 2008
Business Workshop: Savings & Inventory Control
Building on the June 5th workshop on pricing, our student team started off by asking the women of Ajkem'a Loy'a what items could be eliminated from the pricing worksheet in order to reduce the price point of one of their products. This conversation led the group to prioritize what they need now for their association, what could come in the future, and of particular interest to the women - how can individual members loan resources they may have to the association during their start-up phase (items that are required for weaving, for example.) The second part of the workshop was about inventory control. The association has a way to keep track of their inventory which they shared with us - they have a notebook in which they write what products they have and what they sell. Our students suggested that they instead use two notebooks - one to keep track of products and another to keep track of sales. We ended the morning with a visit to their store during which we all identified opportunities to improve their shop. Our goal - a relaunch of the Ajkem'a Loy'a arts and crafts store on Thursday, June 26th!