[VendTalk] Initial inventory

[Rhonda Hutson]

When a new manager comes out of training, DRS buys the first initial stock 
for them. After that, the Oklahoma Managers have decisions to make:
1. The outgoing manager can take their inventory with them to their new 
location
2. To sell it to the incoming manager

If sold to the incoming manager, they can write a check for the inventory or 
acquire a loan from DRS which is to be paid back with no interest but comes 
off 2% of the Gross sales for each month until the loan is paid off.

Rhonda Hutson


-----Original Message----- 
From: Manasco, Brenda via VendTalk
Sent: Friday, September 1, 2017 3:34 PM
To: 'Vendor Talk Mailing List'
Cc: Manasco, Brenda
Subject: Re: [VendTalk] Initial inventory

Hello,

Missouri provides an initial inventory.  When the BVM moves to another 
location, the ending inventory is subtracted from the beginning.  If it is 
less, the BVM pays, and if it is more the SLA pays.  The vendor does not 
have an inventory loan per se.  However, I believe in OK there is a system 
that involves an inventory loan.  And, I think that is a good idea. That 
way, the BVM who paid back the inventory loan gets a big fat check when they 
move on.

Hope this helps.

Smiles,
Brenda
The greatest good you can do for another is not just to share your riches, 
but to reveal to him his own.  --  Benjamin Disraeli



-----Original Message-----
From: VendTalk [mailto:vendtalk-bounces at nfbnet.org] On Behalf Of Colleen 
McFadden via VendTalk
Sent: Friday, September 01, 2017 2:53 PM
To: vendtalk at nfbnet.org
Cc: Colleen McFadden
Subject: [VendTalk] Initial inventory



Hello,



Are there any stateswhere the SLA is requiring vendors to pay back their 
initial inventory?



Is this in violation of any Federal rules and regulations?



Thank you,



Colleen



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