Cost Analysis of Tables for Annual Booksale
Summary
The Friends of the Metropolitan Library System can save approximately $4,400/year by owning and storing tables for the booksale instead of renting. If the Friends used the Old Sort Site warehouse, with a small external storage site, the savings could grow to approximately $5,600/year.
Wondering why the Friends did not supply their own tables, I asked several other vol- unteers about the subject while at the 2016 Booksale. The most common reason was a lack of storage facilities, coupled with the costs (manpower and financial) associated with transporting them. In this report I attempt to quantify the ongoing requirements associated with ownership.
Renting approximately 480 tables has a
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Storage Requirements:
One possible storage site for these tables is in the Friends’ Old Sort Site (1350 NE 3rd St.) When I volunteered at 2016’s Move Out, there was enough room left over to park a truck inside the building. If this space is not used through the rest of the year as New Sort Site overflow, then a space of easily 10 by 32 feet is available, capable of holding up to 360 tables placed on end against the long wall. Even more could be held if they were laid flat and stacked over 8’ high. Limiting the tables to a space 10’ wide, 32’ long, and 13’ high holds 423 tables.
The tables can also be stored in self storage units. Two locations close (about 4 miles) to the Oklahoma Expo Hall were Public Storage at 4105 S May and SecurCare Self Storage at 5110 NW 10th St.
Public Storage had two sizes of interest: 10x10, holding about 110, and 10x20, hold- ing 220 tables. Monthly rent is $68 and $108/month respectively.
SecurCare Self Storage had many more options:
5x15 (80 tables) $52 10x10 (110 tables) $69 10x15 (160 tables) $85 10x20 (220 tables) $87 10x22 (248 tables) $90 20x15 (320 tables) $140 20x20 (440 tables) $170
$.65/table $.63/table $.53/table $.40/table $.37/table $.44/table
Rented Rooms Rooms Occupied % 71 76 62 53 68 60 71 83 94 57 88 60 80 79 99 96 77 55 68 54 67 79 99 78 90 93 82 89 83 92 76.77 9 9 11 9 5 11 5 11 5 15 5 11 5 9
While value is a competitive advantage for Barnes and Noble’s retention of market share, their prices are not low enough to impose a low cost strategy.
In the 1970s, when Shurgard first began, it was able to successfully capitalize on changes in Americans’ post-World War II lifestyles; Americans had more discretionary income and were therefore purchasing more items and goods than they had in previous years, while simultaneously relocating frequently for jobs, education, and/or relationships. As a result, there was a need for easily accessible, inexpensive storage options. Shurgard benefited from Ameriacns’ materialism and sentimentality, as it discovered that Americans dreaded parting with both superficial goods and with memories or nostalgic items. Self-storage was also a useful concept for individual consumers and business customers alike. Furthermore, throughout its existence, Shurgard has been adept at adjusting its business in order to reflect further changes in American preferences, whether this was in regards to its architecture, its appearance, or its security. For example, when Americans began to increasingly value convenience, the company recognized that and chose locations easily accessible off of highways; when security became more important to Americans, Shurgard updated its security systems.
Therefore, we would only be willing to pay at the most, (27-22) orders worth of rent, which = 5 * (2.00 + 0.70) = $13.50 per day.
Soda fountain bar 2 pizza ovens Salad and pizza/dessert bar Approximately 100 square foot commercial refrigerator 2 cash registers 6 video game vending machines Management office with desk and lower-priced laptop computer Staff lunchroom equipment such as microwave, sink, cupboards and refrigerator 20 four-seater tables with chairs Busing cart for transporting dirty dishes from the dining area to the dishwashing area 140 sets of dishes, including cutlery and drinking cups Commercial dishwasher Miscellaneous cooking and food handling equipment like trays, lifters, spoons, pots
Inventory is the biggest investment of the business and the performance of the inventory can determine whether the store succeeds or fails. We have chosen a different supply strategy as a method to save on cost. This method will require our publishers to ship books directly to the store which will save on our shipping expenses.
Soda fountain bar 2 pizza ovens Salad and pizza/dessert bar Approximately 100 square foot commercial refrigerator 2 cash registers 6 video game vending machines Management office with desk and lower-priced laptop computer Staff lunchroom equipment such as microwave, sink, cupboards and refrigerator 20 four-seater tables with chairs Busing cart for transporting dirty dishes from the dining area to the dishwashing area 140 sets of dishes, including cutlery and drinking cups Commercial dishwasher Miscellaneous cooking and food handling equipment like trays, lifters, spoons, pots etcetera The cost of an average of 7 employees on the payroll. All
As I’ve explained to Cindy Lachin earlier today and as a potential solution to your travel concerns regarding our Frederick warehouse location, PSC can temporarily position upon request a pallet or two of your storage assets at our Wilkins site for your access convenience. In essence, service delivery changes to you are minimal with regard to the amount of notification required to prepare for your arrival (e.g., 1-2 days) and handling charges, which are $45.14 per hour per person x 0.5 hours of labor, for a total of
Pilgrim was willing to lease back the 100,000 SF it occupied for revenue of $2,600,000. In exhibit one; we have an expense break down of expense per sf. In total $11.25 psf in
The organization I have chosen for the class project is on SJSU Bookstore. The bookstore is located in the student union making convenient for the students to buy their supplies, books, apparel etc. Spartan Shops are committed to building strong partnerships and developing future leaders. They strive to integrate environmental and financial responsibility within our practices, while providing dynamic customer service and evolving with the needs of the San José State University Community. The bookstore offers various categories of items ranging from textbooks to electronic items helping the students to buy everything under one roof. The bookstore has partnership with Barnes and Nobles,
Better World Books (BWB) was founded in 2002 as a B corporation, meaning it targets successful performance in three fundamental areas: financial, social, and environmental endeavors. BWB has grown successfully since its creation as a small, socially motivated firm to one of the larger, more successful corporations of its kind. Despite the impressive and inspiring performance and growth through creative expansions, BWB acknowledges the changing conditions of the used book marketplace and is pleased to outline a brief review of current strategy and recommendations for supporting operations moving forward.
Unfortunately, items that are stored become forgotten about and will soon become outdated and dirty and occasionally their units become rodent infested, but people will continue paying for their storage unit for items that will eventually become of little to no value and of no use to them. To sum it up, as long as Americans continue to purchase and consume more than they need the storage unit industry will continue to expand and remain successful across the country. Before renting a storage unit people should ask themselves if what they are storing is worth the monthly cost and if they will ever actually use that item again. The obvious solution would be to save your money by not renting a storage unit, deal with your items and stop consuming more than
Structured as a partnership, the two partners Charlotte White and Irma Wong also work in the shop as well as employing one part time sales assistant.
But a portion of these savings would be offset by higher storage costs, that is $115,000. This will increase the operating expenses in $10,000 approximately each month. ( Exhibit 1).
This small one person operation has a storefront facade shaped in the likeness of a barn. I know if I stepped into the front door of this establishment the boys wouldn’t be able to pry me away for at least an hour. Once inside the shopper realizes that the store has a terrific variety of genres of manuscripts. In short, everything you could ever want in terms of stock could be found at the Book Barn. Sometimes you have to dig and pick through large boxes and bins to find something you are interested in purchasing, but for the most part the shelves are cataloged in library style and easy to search. The prices are not the best I 've ever seen but they are reasonable. The owner, Caleb Spencer, is picky in terms of the condition of the books he acquires for resale because they are in tip top shape. It 's hard to say at this point how often the stock turns over, but I have barely made a dent in browsing through the thousands of volumes. Caleb informs me he doesn 't acquire books from individuals and has accumulated his stock in part by buying out 17 other stores over the years. Since I have spent hundreds of dollars there over the past 15 years, Caleb would order any book for me for the lowest cost possible. But saving time at this point overrides saving money.