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One of the challenges homefurnishings retailers are facing today is having excess inventory due to prolonged supply chain delays. Managing your inventory is a sophisticated balancing act. Instead of stocking up on merchandise, order smaller shipments to replace your inventory as you forecast and fulfill orders.
One of the challenges homefurnishings retailers are facing today is having excess inventory due to prolonged supply chain delays. Managing your inventory is a sophisticated balancing act. Speak to a HomeFurnishings Retail Expert. Just-In-Time InventoryManagement. Request a Demo.
Dropshipping is gaining momentum as streamlined supply chains become a significant competitive advantage in the homefurnishings industry. Upon selling merchandise, the purchase order is directly transferred to the vendor, who is responsible for shipping or delivering the goods directly to the customer.
While homefurnishings retailers face unprecedented challenges, our industry has a history of resilience. Currently, the effects of production halts, labor shortages, raw material delays, and logistical challenges are compounded in the homefurnishings industry. Lead Time Management. Setting Product Alternatives.
While brick and mortar stores still play a strategic role in this market vertical, online shopping has skyrocketed, and with $294 billion expected in online homefurnishing sales by 2022, retail store owners can no longer afford to miss out on the opportunity to ramp up their cross-channel game plans.
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