Solutions for Retail Inventory Control
Effective inventory management is an integral part of any home furnishings retailer’s success. STORIS enables your business to gain better control of your inventory. Our automated real-time system saves you time and manual effort, while improving furniture inventory accuracy. Here are just some of the benefits:
- 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 inventory management
- Minimize shrinkage and react to control procedures
Precise Furniture Inventory Tracking
Precise Inventory Tracking maintains real-time updates of inventory quantities and statuses across your supply chain. Audit tracking by user and store location minimizes inventory shrinkage.
Flexible Stock Adjustments
STORIS’ furniture retail inventory control system allows for updates of 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.
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 merchandise for a customer’s delivery date. Have that inventory available “just in time” without over carrying, increasing available cash flow.
STORIS intuitively alerts buyers to time sensitive back orders when inventory needs to be replenished. The system automatically generates a purchase order that can be reviewed and sent out with the click of a button to maximize fulfillment.
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 include Minimized Picks & Reclaim Space.
Advanced Warehouse Management
Advanced Warehouse Management improves staff productivity, increases efficiency of inventory flow, and maximizes storage capacity of your distribution centers. Optimize your warehouse with daily activity schedulers 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 from 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, the manufacturers and vendors who support retail operations. EDI allows retailers to improve accuracy of information transfers by eliminating human error and time lags between data exchange. STORIS provides EDI capabilities through its EDI certified partners to over 750 global manufacturers including Ashley®, Lazy Boy®, Sealy®, Whirlpool® and many more.