Thursday, September 3, 2015

Household Inventory Control

I don't want one of these!
Terri and I have just completed a move from a fairly large home several miles from town to a much smaller place near the city of Columbia, Missouri. We decided that we would prefer to be nearer to the District where the festivals, galleries and restaurants are located.

We are excited about our new home and even though it is smaller, it has plenty of space for everything that we enjoy doing on a regular basis. Over the last few months, we have been aggressive at selling, donating and throwing away furniture and other large things that obviously would not fit into the smaller house.  Our challenge has been parting with the smaller things: books, musical instruments, tools and heirlooms that were stored away. A smaller house means less storage.

In business, excessive inventory is expensive. In addition to the capital tied up in the inventory, it costs money to warehouse the items, insure them, maintain them and keep track of them. That is why most successful businesses have standardized parts across models and implemented just-in-time inventory systems.

Excessive personal inventory is expensive too. To handle the storage overflow we could rent a storage unit, build a storage shed in the back yard, or continue to reduce the items being stored. In the long run, the least expensive option is to reduce and simplify.

You might also like:
The Long Tail of the Social Stationery Market
Small is Happy
Refocus for 2015