{"id":18916,"date":"2021-11-11T12:59:55","date_gmt":"2021-11-11T17:59:55","guid":{"rendered":"https:\/\/a2globalelectronics.com\/?p=18916"},"modified":"2021-11-12T12:44:34","modified_gmt":"2021-11-12T17:44:34","slug":"are-you-solving-the-right-problem-reframe-your-excess-as-inventory-solutions","status":"publish","type":"post","link":"https:\/\/a2globalelectronics.com\/ja\/surplus-inventory\/are-you-solving-the-right-problem-reframe-your-excess-as-inventory-solutions\/","title":{"rendered":"Are you solving the right problem? Reframe your excess as inventory solutions"},"content":{"rendered":"
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Reframe your excess problems as inventory solutions to support long-term growth and supply chain stability. <\/h3>\n\n\n\n

WHAT DOES YOUR EXCESS INVENTORY<\/mark> HAVE IN COMMON WITH A SLOW ELEVATOR? BOTH PRESENT THE OPPORTUNITY FOR REFRAMING\u2014FROM AN ENJOYABLE RIDE TO INVENTORY SOLUTIONS. <\/p>\n\n\n\n

Taking decisive action is better than sitting on a problem\u2014especially when it comes to excess inventory\u2014but pausing to reframe your problem can open up a host of new and improved solutions. While reframing is one of the classic business school exercises, it doesn\u2019t require an MBA to apply. Here\u2019s how you can reframe your \u201cexcess problems\u201d into inventory solutions and reap the benefits<\/a> from that mindset shift.<\/p>\n\n\n\n

The Elevator Problem<\/h4>\n\n\n\n
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The \u201cElevator Problem\u201d presents a classic example of how reframing to solve a different problem can save you time and money. Let\u2019s say you are a building owner, and there\u2019s an elevator in your lobby that the tenants complain runs too slowly. They are getting frustrated and demanding change. Jumping straight to the solution of installing a newer, faster, more expensive elevator is tempting.<\/p>\n\n\n\n

But pausing to evaluate the problem with the building managers yields a surprising suggestion: they recommend installing mirrors. Suddenly, the complaints are gone. People no longer mind the wait as they have a chance to gaze at themselves. As Harvard Business Review<\/a> points out:<\/p>\n\n\n\n

\u201cThe point of reframing is not to find the \u201creal\u201d problem but, rather, to see if there is a better one to solve. In fact, the very idea that a single root problem exists may be misleading; problems are typically multicausal and can be addressed in many ways.\u201d<\/p>\n\n\n\n

Excess components present you with the same opportunity as the slow elevator. Even in a shortage market, and especially if you\u2019ve stockpiled, you\u2019ve probably got some excess supply on hand. The solution might seem like getting rid of your excess as quickly as possible. And generally, we\u2019d confirm that the best course is taking action on your excess. But by jumping straight into off-loading excess at the first ROI pitch, you\u2019d miss a crucial chance for problem-solving.<\/p>\n<\/div>\n\n\n\n

Reframe: Quick Offload versus Inventory Insight<\/h4>\n\n\n\n

Instead of immediately off-loading your excess components to solve your excess problem, consider reframing your needs as inventory insight and create a robust inventory before taking action. If you don\u2019t know what you have, strategically venting your excess is impossible.<\/p>\n\n\n\n