Inventory

Now is the time for furniture retailers to get back to monitoring and improving GMROI, a master measure of retail productivity, in an organization wide way.

Here’s how one retailer adopted product family reporting to seize control of its inventory and increase GMROI.

30 Supplier Criteria that should be considered for potential suppliers.

Field-proven ways to maximize your realized gross margin.

Here’s how one retailer used Expanded GMROI, a team approach, to grow GMROI 16% from 2015-2016.

Ten major ingredients in a tasty recipe that you can use to maximize your store’s gross margin.

Earning the right to sell more at higher prices is the way the best retailers generate sustained profits and cash flow.

See how LEAN techniques took one retailer from losing money to more than 10% profit.

Every furniture store needs a strategy for implementing LEAN and applying it to inventory. Here’s how.

Executing these activities properly and coordinating them improves sales and profitability.

Willingness to use GMROI as a tool is one factor that separates best performing stores from their peers.

David McMahon presents proven strategies that can produce 50 to 60 percent gross margins even in highly competitive markets.

Today, consumers initiate their shopping experience. If they find you through Google, you have a chance to get their business. Here’s how to manage your e-tail inventory to make the most of an initial website contact. Included is a 12-step process that will help to make their buying decision easier.

This article is about selling more inventory and improving inventory buying. David McMahon presents a coordinated approach to age your inventory, mark it down and provide sales compensation incentives to improve profitability.

David McMahon shows you the core practices that the most profitable businesses follow to achieve the highest return on their inventory investment.

Track this inventory metric to understand your customer’s buying patterns, establish a more relevant product mix, satisfy more people and sell more.

Part 2: Old school ways to increase this critical measure are just not enough anymore!

This article will highlight some modern ways to increase your GMROI by using technology to pull in extra customers and move merchandise while minimizing costs.