article thumbnail

Maximizing Cash Flow

Storis

In the context of furniture retail, where capital investments in inventory can be substantial, proactive cash flow management is crucial for maintaining financial stability and seizing growth opportunities. Inventory turnover, or inventory turns, is defined as the inventory turnover ratio.

article thumbnail

7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

Bad inventory refers to products that cannot be sold because they are either no longer functional, or there is no more demand for it. What is bad inventory called day-to-day? You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. A low rate of inventory turnover.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ Out-of-stocks. Low inventory availability led industry experts to warn that retail shelves could remain empty this holiday season. The Great Resignation of 2021 led 649,000 retail workers to leave their jobs in April alone.

article thumbnail

Understanding Furniture Inventory Management Software in 2023

Retalon

Furniture inventory management software offers a smarter solution. It provides real-time visibility into your inventory movements across the supply chain. Powerful analytics help you optimize stock levels to drive sales, improve margins, and increase customer satisfaction. Higher turnover and availability also increase sales.