Thursday, August 23, 2012

Inspector General; USPS Wasted $1.2 Million on Stamp Decision

Simpsons Stamps Wasted $1.2 Million for Postal Service: Someone at the U.S. Postal Service guessed that commemorative stamps featuring TV cartoon character Homer Simpson would be twice as popular as those of Elvis Presley. In a move that wasted $1.2 million in printing costs, the Postal Service produced 1 billion of “The Simpsons” stamps. It sold 318 million.
The inspector general criticized the process the service uses to decide how many stamps to produce, saying it’s unscientific and too much of a judgment call....
The Postal Service, in a response to the report, said it already addressed the problem by creating the “forever” stamp, which can be used to mail a letter any time in the future.