article thumbnail

Expert Tips for Handling Inventory Surplus

Storis

One of the challenges home furnishings 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 Home Furnishings Retail Expert. Request a Demo. Request a Demo. Sell Online. Offer Sales.

article thumbnail

An Introduction to Technology Extensibility

Storis

A Key Home Furnishings Technology Trend. The rate at which technology is evolving is exponential and it’s not a coincidence. Technology acceleration matters to your home furnishings retail business. Why Does Extensibility Matter to You as a Home Furnishings Retailer?

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Critical Features to Proactively Tackle Current Industry Issues

Storis

While home furnishings 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 home furnishings industry. Lead Time Management. Setting Product Alternatives.

article thumbnail

Delivery Date Precision: Exceed Expectations with Available to Promise and Available to Customer

Storis

The fantastic news is that the home furnishings industry has a leading solution that delivers these exact capabilities with real-time precision. Next, we’ll break down how your inventory management solutions auto-calculates these dates based on your inventory and supply chain data to demystify how ATP and ATC are calculated.

article thumbnail

Delivery Date Precision: Exceed Expectations with Available to Promise and Available to Customer

Storis

The fantastic news is that the home furnishings industry has a leading solution that delivers these exact capabilities with real-time precision. Let’s break down how your inventory management solutions can auto-calculate these dates based on your inventory and supply chain data to demystify how ATP and ATC are calculated.

article thumbnail

What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)

Retalon

It calculates the number of times average inventory is sold during a period. A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold.

article thumbnail

A Retail Employee’s Dilemma

Storis

As a former retail employee in the home furnishings industry, I learned the ins and outs of delivering both positive and negative customer experiences firsthand. It was there that my memory of the store would make up for a non-existent inventory tracking system. It was at that moment that I realized what had happened.