Everything in the furniture business starts with your inventory. Furniture merchants years ago simply needed to open a store front, display some goods on the sales floor and wait for the customers to flock to their store. All furniture was made by hand and difficult to find. The customer had few choices and were eager to buy whatever you had available to sell. Well those days are long gone.
Merchandising your store and maintaining proper Inventory levels is the key to success for furniture retailers. The old school way was to use your gut feelings when deciding what to buy, how much you should sell it for, how many you need to keep in stock, and how many should be on order? Well many years of experience have taught me that even the most talented merchant cannot keep all of this information between the ears.
Today you need to be careful. You cannot put on your sales floor items that sit and gather dust. You need to separate the winners from the losers. Your inventory must work for you to produce the profits required to keep you in business. By using the many tools available in Furniture Wizard you will find that you can actually stock less inventory, and produce greater profits.
Our barcoding tools will improve and simplify your point of sale process and allow you to quickly train new sale staff. The time consuming process of receiving inventory, identifying what is sold, which are new items that should be displayed in your showroom, and what should be stored in your warehouse. You will finally achieve accurate, efficient inventory control.
For larger companies with multiple stores and off site warehouses it is crucial to have real time inventory control. When you are transferring inventory from location to location you will always know if it’s in the warehouse, displayed on the sale floor, or on your trucks. When your sales staff is trying to close a sale they do not have the time for you to search for stock availability.
In today’s tough economy the challenge is to stay ahead of your competitors. You must scrutinize, analyze, search, sort and compare everything your company does. You must know not only how well your inventory is moving, you need to monitor your sales staff too. Sometimes your biggest sales producer is actually generating the least profits. Your favorite supplier may be flying off the sales floor, but what is the bottom line vendor by vendor. This pertains not only to the amount of profits generated but the amount of service issues each vendor creates. With over 400 reports Furniture Wizard collects all of this information for you. It’s up to you to harness the power our software constantly provides