When it comes right down to it the most important measurement in retailing is how much inventory is available for future sales demand. Too much inventory ties up cash and leads to the erosion of margins. Too little inventory will result in lost sales. While the best tool for managing inventory levels is, hands down, […]
Getting the most Bang for Your Buck – Merchandising to the ROI
Guest Columnist: Drew White – We thank Drew for sharing with us his insight on perhaps the most improtant factor in profitable merchandising. Drew has helped retailers improve their profitability for over 22 years as a Senior Merchandise Analyst for RMSA and can be contacted at msaguy@fuse.net or 513-470-9550. Return on investment – ROI – […]
4-5-4 Retail Accounting Calendar
Business Cycles A business cycle is the minimum period of time which permits the performance of all the activities related to the function carried on by a particular business. As it relates to retailing, a business cycle is that period of time between the ordering of merchandise for a selling season and the order of […]
Procedures for an Effective Physical Inventory
The most important element to a successful and accurate physical inventory is proper planning and preparation. Written procedures that are understood by all involved is a good first step that will help to assure a well controlled and disciplined count and allow you to focus on an accurate count which will be more efficient and […]
Cycle Counts vs. Complete Physical Inventories
Proper accounting procedures and Federal Income Tax Regulations require that all inventory items are counted at least on an annual basis. While most retailers count their inventory at the end of their fiscal or accounting year (usually at the end of January or July), this is not required and may not be practical, especially if […]
