Furniture Inventory Management Software
- Reduce average age of inventory and increase both turn ratios and available cash flow
- Integrate inventory across brick & mortar, eCommerce, and mobile
- Balance inventory quantities while maintaining ideal levels to meet demand
- Make strategic decisions with real-time, cloud-based inventory management
- Minimize shrinkage and react to control procedures
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Flexible Furniture Stock Adjustments
STORIS’ furniture retail inventory control system allows for multiple stock adjustments from a single, user-friendly screen. This includes quantity adjustments, product status, pricing, discounting, transfers, write-offs, vendor chargebacks, special order details, and more.
Precise Furniture Store Inventory Tracking
Precise inventory tracking through furniture store inventory software maintains real-time updates of inventory quantities and statuses. Audit tracking by user and store location minimizes inventory shrinkage across your supply chain.
Perpetual Inventory System
STORIS is a perpetual inventory system meaning that all status changes and movement of inventory within the system are automatically updated in real-time. Perpetual inventory software empowers retailers to act on business strategy using timely information. When using a perpetual inventory system, retails can achieve optimal control over margin, cost of goods, and shrink.
Just-in-Time Inventory Management
Just-in-Time Inventory Management optimizes fulfillment based on stock levels and customer demand. Establish precise on-hand quantities by product and vendor settings to determine when to reserve the merchandise for a customer’s delivery date. This allows that inventory to be available “just-in-time” without over carrying inventory stock levels while increasing available cash flow.
Comprehensive Furniture Inventory Replenishment
STORIS’ interactive Replenishment Tool delivers a real-time view of a retailer’s supply providing data needed to purchase the optimal inventory quantities to meet demand. Within the tool, three types of replenishment strategies can be run. Comprehensive Replenishment uses on-hand inventory quantities, incoming Purchase Orders, and transfers to the related purchasing location to make holistic purchase recommendations. Stock Level Replenishment references the desired minimum or safety stock levels set for each product to alert buyers to reorder quantities. Allocated Order Replenishment looks at backorder needs and generates reserved, linked Purchase Orders to fulfill specific Sales Order requirements.
Inventory Flow as recommended by STORIS is the First In, First Out method. FIFO reduces the age of inventory across your accounting and maintains accurate valuations. By calculating cost based on the oldest purchased piece compared to the current selling price, your business will maintain ideal margins. Other methods of inventory flow include Minimized Picks & Reclaim Space.
Advanced Warehouse Management
Advanced Warehouse Management improves staff productivity, increases the efficiency of inventory flow, and maximizes the storage capacity of your distribution centers. Optimize your warehouse with daily activity schedules and tools to auto-direct actions.
Barcode Scanning Technology
Barcode Scanning Technology streamlines counting, receiving, and picking processes. STORIS offers both Batch and Radio Frequency barcoding capabilities. Accurately transmit information throughout your organization to one centralized database and eliminate potential human error or theft.
Forms Designer allows you to create your own floor tags, Point of Sale labels, receipts, inventory barcodes, and more. Use branded imagery and logos to give your documents a distinct look. Include product information, imagery and pricing to assist with merchandise organization.
Electronic Data Interchange (EDI)
Virtual communications allow for streamlined Electronic Data Interchange (EDI) with key supply chain partners. EDI allows retailers to improve the accuracy of information transfers by eliminating human error and time lags between data exchange. STORIS provides EDI capabilities through certified partners to over 750 global manufacturers including Ashley®, Lazy Boy®, Sealy®, Whirlpool®.