“My plan is to take drastic measures against Elite Jewelry by cutting off their inventory source!”
“My specific plan involves me contacting the three major suppliers and buy out all their high-quality raw stones for the next quarter of the year. This way, Elite Jewelry could only buy low-quality raw stones from the three major suppliers. Otherwise, they can purchase their inventory source from other suppliers at a higher price. No matter what decision Elite Jewelry makes, our opponent will have to crack their heads!”
Everyone was a little confused and did not quite understand it.
Benjamin tried to explain to everyone, “Mr. Mayo, do you mean… That you are buying all the top-quality raw stones from the three major suppliers, leaving only the inferior raw stones for Elite Jewelry?”
“Exactly,” Thomas replied affirmatively.
“Aha!” Benjamin smiled, “Mr. Mayo, do you know how much inventory these three major suppliers have for every quarter? How much would you have to spend to buy all of it? Besides, amidst the mountain of raw stones, how do you know which is of the top-quality and which is of the inferior quality?”
Thomas nodded, “Mr. Garnett’s suggestion is very reasonable. The difficulty of this plan lies in these two requirements. First, it requires a large amount of purchasing funds, second, it requires accurately determining which are the top-quality stones and which are trash.”
Benjamin stretched out his hand and said, “In my opinion, it is extremely difficult to meet these two requirements at the same time. Your plan is simply a pipe dream.”
Everyone at the scene burst into laughter. Indeed, under normal circumstances, this kind of plan was simply impossible to carry out.
Thomas remained silent for a long time while waiting for everyone’s ridicule to fade away.
After being silent, Thomas continued by saying, “I know meeting these two requirements are difficult, but I have a solution.”
“The first requirement is to secure the purchasing funds. I have roughly made an estimation. It will take about two billion dollars of funds to buy out the top-quality raw stones from the three major suppliers. Of course, the suppliers won’t be selling their raw stones at a promotional package price. They would definitely sell them to us at a rate between their promotional package price and their best price. Choose a compromise between the premium price. So, I think there will be a five hundred million price difference. In other words, we need to secure two billion and five hundred million dollars of purchase funds.”
Two billion and five hundred million was an astronomical figure.
Benjamin spread out his hands, “So Mr. Mayo, how do you plan to secure such a huge amount of funds? These must be liquidated funds. How would you manage to get these funds?”
Before Thomas spoke out, Zach said, “I will handle this matter. I have discussed it with the board of directors. Funds will be mobilized from our major branch companies around the world. We can secure two billion and five hundred million within a week.”
Everyone went speechless. To help Thomas in carrying out the plan, Zach had really taken a significant risk.
Mobilizing funds from branch companies around the world is a very risky measure. If the plan failed, not only the Southland District branch will be over, but the major branch companies around the world would similarly get into trouble. If the plan failed, Stellar Jewelers would directly be downgraded to Tier Three!
This was really nerve-racking.
“Thank you for the support from our chairman, Mr. Quinn.” Thomas continued by saying, “Just relax everyone, my plan will not fail. Although we have to spend a lot of money to purchase the raw stones, I can assure you that the purchase of every piece of raw stone is of top-quality!”
“By then, we will have a large number of top-quality raw stones. They will be distributed to all branch companies for processing and for sale. At that time, we will make tens of billions of dollars of profits. By just investing twenty-five hundred million dollars, we are making tens of billions of profits. At the same time, we will get rid of our main competitor, Elite Jewelry…. We’ll profit greatly no matter what!”
Benjamin broke out in cold sweat, “My last question, how do you guarantee that each piece of raw stone is of the top-quality?”
Thomas pointed at his own eyes, “My eyes will tell me which pieces are top-quality raw stones and which are not.”
