by Houston Neal 1/19/2009 |
The holidays are over and you’re left with a surplus of outdated inventory. To preserve customer interest, you need to buy new merchandise and move out old stock. But with a high volume of ’08 merchandise, you don’t have enough open-to-buy dollars to purchase new products. As a result, you are forced to sell the dated merchandise on clearance, reducing your margins and putting profits at More …
by Don Fornes 9/5/2008 |
Computerized technology is priceless when it comes to the analysis of inventory turnover and gross margin return-on-investment (GMROI) for jewelers. Today’s point-of-sale (POS) software systems offer many tools that can help you track inventory, customer history, employee commissions and overall business finances for increased productivity and reduced More …
by Don Fornes 8/31/2008 |
As software selection advisors, my team has talked to thousands of retailers considering a major new software purchase. The vast majority are replacing an existing system – one they’ve used for years. Why? Why replace what’s familiar? Why pay up for something entirely new when an upgrade is – on paper – less expensive? Why move away from a long-term vendor relationship? More …
by Guest Blogger 4/10/2008 |
Radio Frequency Identification (RFID) has been a hot topic throughout the retail supply chain for a few years. However, its adoption has largely been confined to larger retailers like Wal-mart, which championed the technology earlier on and even went so far as to mandate the use by its vendors.
Given Moore’s Law – computing technology will exponentially increase in processing power while lowering More …
by Don Fornes 12/2/2007 |
If you’re like most retailers, you don’t consider yourself a software expert. You may know a lot about this fall’s merchandise or last decade’s wines, but when it comes to selecting your next point of sale (POS) system, you’d rather wait until More …
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