Global supply chains bring daily challenges Typical challenges faced by companies with global supply chains include a lack of transparency into their value chain, leading to uncertainty and delays in decision-making. Additionally, the reliance on manual communication through email and Excel spreadsheets contributes to an increased workload, potential for errors,
In the competitive landscape of home furnishings retail, every advantage counts. From staying on top of trends to managing inventory effectively, retailers constantly seek ways to optimize their operations and boost profitability. One often-overlooked but highly effective strategy is joining a buying group, also known as a group purchasing organization
As operations managers in the furniture industry, we recognize that maintaining an efficient supply chain requires navigating a complex network of interlocking processes. From sourcing to fulfillment and everything in between, every aspect of our business needs to be managed precisely to stay competitive. In this blog post, we will
Demand planning and forecasting has always been tricky. But now, with evolving consumer demands, a new generation of competitors, and global macroeconomic pressures, it’s even more difficult. With disruptive events like the pandemic, shifts in consumer demand, behavior, and preferences, and inaccurate data are plaguing our ability to forecast demand,
For a successful furniture retail business, inventory management is crucial. It is a delicate balance between having enough inventory to meet customer demand and not having so much that it ties up capital and leads to unnecessary markdowns. This blog post shares insights and strategies to effectively manage your inventory
Inventory management is at the top of every retailer’s mind. It is the foundation of your business and a dynamically moving target, especially in today’s world. Yet, inventory control can become your competitive advantage when your business has inventory fundamentals in place. Tracking inventory across your supply chain and providing
Congratulations! You have managed through a period of economic upheaval not seen in generations. Over the last two years, the global economy has experienced unprecedented supply and demand disruptions. Unfortunately, the global supply chain’s existing risks will persist in the near term. For the first time in their living memory,
Inventory management plays a big role in customer satisfaction. Inventory management should be designed to monitor product availability, but thanks
What Smart Retailers Are Doing About It Consumers across the country are suing retailers over ADA website accessibility. Avoid becoming
The retail customer experience is the shopper’s overall impression of your store and is not just about selling products. It’s
Visual merchandising has evolved significantly from traditional window displays and static store layouts. What used to rely solely on creativity
For many independent furniture retailers, succession planning is more complex than expected. The next generation often chooses different careers; employees
Shaping the Customer Experience with Consumer Study Data Step into the shoes of today’s furniture shopper and discover what truly shapes their in-store experience.
Immersive Retail: Inspiring Customers with 3D, AR & VR Today’s most successful furniture retailers aren’t replacing personal service with technology, they’re using it to
