“Selling is getting rid of stuff. Merchandising is having the right stuff to get rid of.”
STRATEGIES TO CONTROL INVENTORY AND MANAGE PROFITABILITY
PROGRAM OVERVIEW
This program highlights GMROI, outlines its benefits, and provides hands-on instruction in its calculation and application to specific categories. Whether you are a veteran or a rookie, use it to assist you identify and evaluate whether the desired gross margin is being earned by your inventory.
QUESTIONS ASKED AND ANSWERED
•
Does your inventory work as hard for your business as you do?
•
In merchandising do you use the 20/80 principle ?
•
Is your best item your best selling item or your best return-on-investment item?”
PROGRAM BENEFITS
•
Understand the GMROI principle and how it applies to your business.
•
Learn the GMROI calculation details.
•
Significantly increase your inventory productivity.
•
Maximize your merchandising dollars.
TAKE-AWAY VALUE
By the conclusion of this program you will be able to:
•
Better understand the concept of GMROI, as well as its value as a merchandising
and buying tool to significantly increase your inventory productivity.
•
Identify your product winners and products starving to become winners. Identify
"lazy assets" in your inventory system.
•
Produce realistic sales and inventory budget complete with enhanced
buying/merchandising plans based on GMROI.
