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Can We Help You?
with Inventory Turnover and Gross Margin Return on Inventory (GMROI)
“We’ve worked hard to improve our inventory turn, and we’ve made progress, but now we seem to be stuck. We know we should be able to turn our inventory faster, and improve our GMROI. Can you help us?”
Yes We Can!
If you're like most independent retailers, inventory makes up as much as 80% to 90% of your assets. Sales, profitability and cash flow are directly related to the productivity of that inventory investment. And the two most important measures of inventory productivity are inventory turnover and gross margin return on inventory (GMROI). Inventory productivity is derived from sales, margins and inventory levels. it's also a function of anumber of factors you have direct control over. These include sales forecasts, the breadth and depth of product assortments, merchandise display requirements, initial markup, markdown and clearance policies, and purchasing patterns. We’ll take the time to listen to you to learn about what makes your business unique, and the issues you think are preventing your inventory from generating the return it should. We’ll take a look at everything that impacts inventory productivity, we’ll analyze the performance of your inventory, right down to the SKU level, and we’ll review the strategic and operational policies behind your inventory decisions. We’ll recommend steps to get inventory productivity moving toward your goal, we’ll help you implement those recommendations, and we’ll help you monitor your progress along the way, until your inventory is producing like clockwork.
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