Retail Inventory Policy

1. The Chairman will be responsible for maintaining the retail inventory for the Lodge, be responsible for the Lodge Trading Post at events, coordinate chapter inventories and keep them stocked, alert the executive committee when items need to be purchased. The Chairman will report Lodge Trading Post activity during the Finance report at the Lodge Executive Committee Meeting (LEC) Meetings, and will submit a yearly final report with recommendations at the end of the fiscal year.
2. The Chapter Finance Vice-Chief will coordinate chapter trading post boxes with the Lodge Trading Post Chairman and will report activities and recommendations at the LEC Meetings. Chapter boxes are to be brought to the LEC meeting for restocking.
3. The Trading Post Chairman will assess merchandise used for the Ordeal and will purchase merchandise out of the Lodge Trading Post Budget. Committees will purchase merchandise from the Trading Post at Lodge costs. Any leftover inventories shall be sold as retail items by the Lodge Trading Post.
4. The Chairman sets retail prices with the approval of the Finance Vice-Chief and advisement from the Finance Adviser. Note: Patch prices are set per the Memorabilia Policy.
5. Profits of chapter trading posts of the sale of National or Lodge retail items will be allotted to the lodges. Profits from the sale of Chapter items are subject to the Memorabilia Policy.

Last Revised 09/20/2001