by Malcolm Alderton | Jul 22, 2018 | Inventory |
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...
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 Malcolm Alderton | Jul 2, 2018 | Finance, How To's, Inventory |
When you have overdue vendor payables which are causing you sleepless nights and strained supplier relationships, there is an answer and it’s all to do with managing your Cost of Sales (COS) fund. There are some very strict dos and don’ts which will impact your...
by ARMS Admin | Apr 20, 2018 | Inventory |
That means for every $1000 you hold in unsold inventory, you loose 33% of your projected profit to expenses annually. Retailers who most frequently fall victim to reorganization cite inventory problems as one of the primary reasons. The solution is to invest in an...
by ARMS Admin | Apr 20, 2018 | Inventory |
Buying merchandise that will get you the highest return on your investment is a basic business principle. Oftentimes however, buying purchases are made based on style preferences or instincts, which in the long run may not result in customer buying. Another approach...
