Inventory?

Joined
Apr 19, 1999
Messages
3,560
I got an interesting call today as a result of a print ad. The caller was inquiring about the knife featured in the ad and was surprised that I actually had stock on the shelf of the featured knife as well as a range of other models.

What I am wondering is why this should be noteworthy at all, don't most makers keep some inventory on hand at all times either in the finished state or in the partially finished state to better respond to customer requests? Now I am not saying that I have all of my models in stock at all times, it ain't possible, but I at least have a decent selection.

How many other makers keep inventory for this type of occurance?

------------------
george
www.tichbourneknives.com
sales@tichbourneknives.com


 
George, till this last batch or drop points, I haven't been able to hang onto any knives long enough to have an inventory. Unless you just don't take them places with you or show them to folks, I don't see how you could have any extras laying around.

------------------
Always think of your fellow knife makers as partners in the search for the perfect blade, not as people trying to compete with you and your work!
http://www.nebsnow.com/L6steel
Buzzards gotta eat, same as worms!!!
 
I guess that what struck me was the question "How many people out there think that all knifemakers are backlogged months or years out and how many avoid ordering thinking that that is the case?"

Neil with 40 or so current patterns and up to 6 variants on several, I just have to build to inventory as well as to order. My heat treat runs are never less than 30 pcs and usually more like 60 or 70 pcs.
I also have a full showroom to keep stocked.
As things will happen it is invariable that when I run low on a slow mover I will get orders for that item, or if I have it in stag the customer will just have to have it in Ironwood. Keeping heat treated blades in stock ready to handle takes some pressure off though.

------------------
george
www.tichbourneknives.com
sales@tichbourneknives.com




[This message has been edited by george tichbourne (edited 11-19-2000).]
 
Hi George,

I usually have at least blanked knives on hand and usually when I get an order for a knife I'll start grinding 2 blanks to cover my bases in case I screw one up or one dies in the heat treat etc. Usually both knives are OK so I only finish the one that was ordered and keep the now rogh ground and heat treated other blank for the next order.

Sometimes this means that if a person orders a knife for which I have a rough ground heat treated blank ready, that person gets their order as soon or sooner than someone who orders I knife for which I must start totally from scratch.

I usually have at least a few knives finished in the drawer here to show too.

------------------
http://www.wilkins-knives.com
http://www.wilkins.de
 
Usualy I keep everything that no one else want's I got plenty of that but I allways have to build what someone orders or want's but that is just my Luck I guess

------------------
TbarK Custom Knives
http://vip.hpnc.com/~tbark Therefore I erge you brother's in view of God's Mercy to offer your body's as living sacrifices holy and pleasing to God-this is your spiritual act of worship Romans 12-1
 
George,You are right! I often assume that I can't get what I want immediately, so I don't order it at all. I do check the "Knives Available" pages that many makers keep...but few keep them up to date!

So, lets try a test! Do you have one of your K-4 8" filet knives in stock? I'll take one! If not, can I get one by Christmas to give as a present? ...Or do you have something in stock that you would recomend to give to a very good fishing friend? (We catch large striped bass...)

Please email me. I'll bite....

Michael


------------------
He who has smelt the smoke is never free again...
 
I keep them in inventory as kitchen knives without sheaths and make up kydex sheaths as people order them for fishing knives. This gives me same day shipping in most cases. I used to carry two inventories but decided to simplify.

I am runing around like a mad fool this week trying to pack everything up for the Signatures Craft show in Toronto which starts Friday and runs 10 days, 10 hours a day. It is a real killer standing around all day waiting for people to come by, I get a little stir crazy by about Tuesday and I want to get back into the shop.

------------------
george
www.tichbourneknives.com
sales@tichbourneknives.com


 
George,

Part of this difference may be due to the fact you are in Canada and aren't as well known down here in the States. Once a maker is discovered, there is usually more demand for their knives then they can possibly deliver while keeping quality up and prices reasonable. After all, it was only a few short weeks ago that I discovered you and your knives.

Once you get away from local "Gun and Knife" shows and small knife shows and start hitting major knife shows, the clientele in the aisle changes.

When the public at large sees a knife in Blade or similar publications, the maker usually has a name among people who don't flinch at spending ~$200 (US) and up on a single knife and will call to order one, sort of an impulse type buy.

When people travel from other states (or countries) to a knife a show, the people in the aisle are seriously looking at your knives. They will usually have enough money to buy something other then the local sporting goods store production knife. For myself specifically, I was going to be at Atlanta Blade looking for kitchen knives
smile.gif
but, you have taken care of that.

I am certainly not the only person who has reservations about buying a knife they have never held. If I look at things from a businessman’s perspective, I would say something like "for the ~$1800 and eight days I will spend traveling to and attending Atlanta Blade, I could buy 5 to 15 knives and use that same week breaking them in." Reality says, I still want to hold the knife and examine the grind lines, polish, etc. and put a face and personality to the makers name. After all, buying a custom knife isn’t always about a cold analytic search for the best shape, steel, etc. Does that make the purchase an impulse buy? Yes and no. I have made impulse buys but, most are a combination of the knife itself (quality), the maker (personality, character, etc.) and, price (value). If any of the "good" qualities (knife quality, maker character, value) are beyond the norm, the impulse part of the buying process is easier to accept.

Prior to my posts on this forum about kitchen knives, your knives certainly were not among the ones that came to mind when I went web surfing. Much to my good fortune, you and your wife, Carol, saw my post and began emailing me. You took the time to build customer confidence and a customer relationship that made for a very good knife buying experience. Over time, you will certainly reap very good word of mouth from customers like myself but, that builds the base of buying customers slowly. When I started my search, I hit the websites of all the makers whom I had met at past knife shows (recently, Las Vegas Classic, Little Rock Arkansas, and past Blade’s at Atlanta).

To go from a regional maker to a national/global name with the back orders to match, takes an investment in time and money to attend shows with the right audience in the aisles. You will not make a profit directly from the show itself, it is an investment in yourself. How many makers go from making a few blades a month to all they can make (while maintaining quality) after attending a few major shows? I would suggest contacting a few knifemakers off-line (and Les Robertson) who have been down this career path and see what their experiences have been over the long run (a few of them have gone from part-timers to full-time knife makers).

Stay Sharp,
Sid

p.s. I still hope you don’t get too far backlogged
wink.gif


[This message has been edited by Sid Post (edited 11-22-2000).]
 
Wow! The "Signatures Craft show in Toronto" certainly has a long run time. After the 4 days of the SHOT SHOW and 3 full days of BLADE, I'm ready to go home and recover
smile.gif


Is this show more like a state fair exhibition with a wide variety of products and displays?

Stay Sharp,
Sid

[This message has been edited by Sid Post (edited 11-22-2000).]
 
I am runing around like a mad fool this week...

George may be running around like a mad fool, but his wife Carol offered me same day shipping at 8 AM this morning.... And then emailed me with a price clarification!

It is really nice to see makers that have knives in stock, and get back to you even if they feel like mad fools! I'm going to order!!! Seems like great service to me...

Thanks,
Michael

------------------
He who has smelt the smoke is never free again...
 
C4 said "It is really nice to see makers that have knives in stock".
Things change very fast in this business. I now have an inventory.
biggrin.gif

Guess drop points dressed in bocote and desert ironwood aren't the going thing right now. Oh well, gives me more time to enjoy looking at them.

------------------
Always think of your fellow knife makers as partners in the search for the perfect blade, not as people trying to compete with you and your work!
http://www.nebsnow.com/L6steel
Buzzards gotta eat, same as worms!!!
 
I understand that Tom Mayo has HUNDREDS of knives laying around that he is unable to sell, mostly because of crooked and/or unevenly spaced holes.
wink.gif
tongue.gif


(laughing, ducking, running for cover)

Walt
 
The service side of this operation even works on Thanksgiving! I got an email form Carol at 6:17 AM, Thanksgiving morning. Need I say more...?

Walt,

Tom is also going to make me a fillet knife (with lots of holes...), but he swears that the holes are perfect!
biggrin.gif


Michael
 
George, nice page you have and I like that INTEGRAL "WHISKEY JACK" you have there, can I get a close up pic of that knife?

Also on your page you have a link for sharpening that doesn't seem to go anywhere, as I enjoy sharpening I was curious to see your views on it but....where is it?
Note: Just received a nice email from Carol and she said to see that sharpening feature I should go into their web page using the Frames option, something is buggered up for a bit and they will work it out, but in the meantime I thought I'd pass this along to the rest of you guys....
Thanks Carol!
smile.gif


Have fun at the show, bring along some sharpening stones and provide a demostration while you are there!

G2


------------------
"The Road to Hell is Paved with Good Intentions!"
Take the time to read your Bible Now, don't be left behind...

[This message has been edited by Gary W. Graley (edited 11-24-2000).]
 
Well since my medium of choice is Damascus it makes it very tough to keep stock onhand. Most buyers find damscus even more personal than normal with a knife. I usually have between 10 and 15 folders to take to a show if Im lucky because of demand. This coupled with the cost of damascus makes it hard to go to far in advanvce. I can really hurt to have several hunderd in damascus and high end materials in a knife that isnt selling.

Even though I have specific patterns I make each one is unique as I never make any two exactly the sames something is always differant. I dont see being able to have an inventory of my stuff although I do have stuff ready for the upcoming Vegas Show I hesitate to display it to much as it will sell. The cost of doing the High End Shows makes it imperative for me to arrive with knives for sale.

Arthur D. Washburn
ADW Custom Knives
 
I agree with you on the display aspect, I am doing a long 10 day show right now( 9 days to go) but inventory may be a problem. Over the last month my better half has been filling orders from inventory put aside for this show and a couple of items are already running a little low. I guess I can't complain because they were made to sell.

The one part of the business I overlooked was the potential of the internet, you know there may really be something in this E Business bit that I have been hearing about.

Well I have to get to the show for another day but on Monday I am plannig to sneak out of the show for a half day to grind up some replacement blades for stock. That way they will be back from heat treat on December 4th when the show is over.

I agree with you that uniqueness is good and it is essential to have something on the table for sale at shows. Nothing turns off customers more than coming to your table within the first hour of the first day of the show and finding everything sold.

An extension of that thought then is if the customer comes to your shop or internet site and everything is sold it is also a turnoff, the exact model that the customer wants may be out of stock but if there is a choice of other similar product available they might not feel so bad. Who knows they might find something else that interests them more.

I know inventory costs can be a killer, last year my accountant insisted that I do an inventory of my supplies as well as the knives on hand and I was shocked, nearly a years wages tied up in steel and handle materials.

------------------
george
www.tichbourneknives.com
sales@tichbourneknives.com


 
Just thought I'd move this BTTT by saying that I got my fillet knife today! Very nice knife! And GREAT customer service! My thanks to George and Carol...

Michael

------------------
He who has smelt the smoke is never free again...
 
Michael,

With this cold weather are we going to have to wait 'til Spring for a review?
Only 4 months to Striper time.
Win
 
Back
Top