by ARMS Admin | Jul 18, 2018 | Inventory |
Buying the right stock is the major key to the success of a retail store. However, it is also the area where retailers experience many problems, sometimes unwittingly. The most common buying problems are as follows: Most retailers don’t have a buying plan. Most...
by ARMS Admin | Jul 7, 2018 | 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...
by ARMS Admin | Jul 5, 2018 | Sales |
Have you ever stopped to consider how much of your profit comes from Special Orders? It’s a certainty that they cost you more than selling something out of your cases. Taking time and resources to hunt down, order, inventory and follow-up on special orders can put...
by ARMS Admin | Apr 20, 2018 | Business Development |
Many retailers schedule their stocktake to coincide with the end of the financial year. With stocktake, more commonly known as the ‘retailers’ nightmare’, comes stress for managers and store owners. At ARMS we understand the trauma that stocktake can create so we...
by ARMS Admin | Apr 20, 2018 | Business Development |
Gross Margin return on investment (GMROI) is consistently below plan. Monthly inventory plan is rarely achieved. Aged inventory is higher than previous seasons and seems to grow every year. Annual inventory turnover is below industry average. Sales goals are met but...
