Schools give Follett a space to use so they can sell textbooks and supplies to their students. Little do they know that unsold textbooks that are no longer adopted stay in that space for years and years.
In the past those books were returned to the publisher, now they stay on campus.....forever.
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Since the stores can no longer return these out of date books for a full refund to wholesale, this was bound to happen.
In the Ivory Tower, in the High Tech Board of Director's Conference Room. Better than Google...
The smartest men and women in Follett set around in a circle telling each other how clever they are whilst being annoyed by all the disgruntleds left in their company. And annoyed by the vendors that keep whinnying about wanting to get paid.
In the middle of the conference room table (state of the art, South American rosewood) is THE WINDMILL.
I can't seem to find the windmills. Could someone please point them out?
Probably the number one reason why the old books are not getting shipped back to the publishers is because Follett owes the publisher a sh–load of money. At this point, they're avoiding anybody they possibly can that they owe money to.
DISGRUNTLED EMPLOYEES SHOUTING AT WINDMILLS!
DISGRUNTLED EMPLOYEES SHOUTING AT WINDMILLS!
DISGRUNTLED EMPLOYEES SHOUTING AT WINDMILLS!
DISGRUNTLED EMPLOYEES SHOUTING AT WINDMILLS!
DISGRUNTLED EMPLOYEES SHOUTING AT WINDMILLS!
Meet Mary, she's a DISGRUNTELED and yes, she is shouting an imaginary windmills.
She's shouting that Follett values each and every associate!
I have never arrived at work and realized, "I'm so happy, I'm gruntled". That being said, what in the world is a disgruntled employee? What a lazy way to suggest that they don't count. Isn't that what's being implied; disgruntled employee is simply a negative person and they don't count.
Shouting at windmills? Do your disgruntled employees also wander the floors singing for their love, Dulcinea?
Why has Cervantes become short hand for a lazy way to discount people?
Wasn't the millions Follett spent on Woody's and Valore supposed to take care of this problem?
Makes you wonder doesn't it? Claiming books that have zero resale value as an asset?
Borrowing money against those assets?
As long as they are on the shelf they are considered assets. Getting rid of assets doesn't look good on the balance sheet.
Stupid post. Why should the college's care which of the inventory in the stores is dead and which is adopted? It makes absolutely no difference to them.
Still, Follett needs to be willing to sell truly dead stock at a discount instead of marking it out. All dead stock should be listed on Amazon/Valore or wherever. Used to work for some Neebo stores.
This post is more disgruntled employees shouting at windmills.
Not about the geniuses from K-Mart and Sears that, along with the family greed drove the company into this state.
What happened to the Research Department and the Blue Book, buying the right books for the right price? Oh yeah, we saved all that money we wasted on their salaries by getting rid of them!
Smart, REAL smart!
Our University clients know exactly how much space we utilize and what’s in that space. Since the balance of benefit has almost always fallen their way, it’s a mutually codependent relationship that works for them. As long as the commission comes in, they don’t care what’s in the storeroom. This post is more disgruntled employees shouting at windmills.
Is the stale inventory counted against the stores' cost of inventory?
If an institution found out that the store can't bring in more hats, shirts, and sweatshirts because they're over the inventory allowance due to old texts, that would raise a red flag.
Why would the schools care that we're carrying old books in the store?
Not being compensated for warehouse storage space? Audit and assess how many square feet you could charge Follett for warehouse storage on a monthly basis?
Why would the schools care that we're carrying old books in the store?
Most of the problem is non adopted returned rentals that used to get sent to the warehouse. Now we just hold them and hope for an IST or an OMS order to take them.