This week’s post is about a problem, you could call stockpiling effect. This effect is when you create a big stock of some consumable based on previous consumption, like a year’s supply of pens or printer paper just to notice that this new stock won’t last a year even closely.
Employees taking home supplies is one big issue for companies, but this is not the only reason why creating a big stock of a consumable item can turn out to be more costly than buying it when you need it regardless of the discounts of bulk purchasing.
When you have only 5% of your printer cartridge left you likely think twice before you print out this incredible Tiramisu recipe and likely rather jot down the ingredients plus 4 easy steps on a piece of paper or your planner. The more we have of something the less we value it independently of its actually worth. Have you ever had a day when you could work 6 to 8 hours on one thing just to realize you didn’t even get close to what you wanted to achieve. (more…)