Understanding why your jewelry stock turn slows down is vital to your jewelry store’s profitability. It is only after we understand why it slows down that we can take the necessary steps to change it. For most independent jewelers their largest asset is their merchandise, thus we have to ensure that it is working hard for us […]
Archives for February 2012
How Jewelry Stock Turn Works For You
How does jewelry stock turn work for your store? It is one thing to see a Key Performance Indicator (KPI) on a sheet of paper, but what does it really mean? How can it help your business and how can you speed it up? Jewelry stock turn is a measure of the effectiveness of your […]
Importance Of Your Jewelry Stock Turn
Why is your jewelry store’s stock turn so important? The answer is clear. In many jewelry stores, their inventory is the single largest asset on the P&L. Unfortunately though with all the advancements in inventory technology, it still remains the least productive asset on their books. In far too many jewelry stores their inventory has […]