GMROI is one of the most important metrics in the retail/supplier world because it allows you to understand both the velocity with which your inventory is turni
Retail Inventory Control – A Lethal Weapon
December 6, 2009 By 2 Comments
Part of the answer to the “buying problem” is inventory control. In fact, the biggest reason retail businesses fail is that they lack inventory control. However, when employed aggressively against competitors, effective management of your inventory can be a lethal weapon. Imagine doubling your inventory turnover rate (certainly not far-fetched with proper control): you could [...]
Measuring Retail Inventory Productivity – Inventory Turn and GMROI
November 15, 2009 By 2 Comments
When I’m meeting for the first time with a potential client I occasionally tell the story of the best year I ever had as a buyer. It was a year I ran a 2% decrease. Don’t get me wrong, I ran plenty of increases over the years, but that was the year I did my [...]
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