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Tools For Inventory Control

Buying the right inventory is a major key to the success of a Retail Store. Using the proper tools to achieve this is just as important. To control inventory, there are several buying problems that must be surmounted. The following will addressed some of these major...

Lessons From a Wholesale Club

Have you ever been to one of those “wholesale clubs” and purchased a monster-sized jar of ketchup?  Or perhaps it was peanut butter or fruit cocktail.  Whatever is was, you bought such a big jar because it seemed like such a terrific value.  But then a few months...

The Real Cost of Old Inventory

All jewelers equate the problem of old inventory with having too much cash tied up in an unprofitable asset.   But how they define that cost varies widely and we have heard some “reasons” for carrying old inventory that are merely a skin of truth wrapped around a...