Inventory Systems in Furniture Industry

All inventory systems have the ability to identify the items that are in a company's inventory, and account for how many of each item are on hand. Inventory is typically one of the largest costs associated with any business, and this is particularly true in the retail sector. The furniture industry is a high-ticket industry, which means that companies have much of their capital tied up in their inventory. Companies who are able to increase their inventory turnover are able to better utilize their assets and are more likely to succeed than companies with small inventory turnover.

Managing inventory turnover begins with the inventory control system, and today's systems m

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s assistance. However, the tools they use to accomplish those tasks vary widely. The Levitz system, which uses the Unix operating system, is the most flexibility of the systems, and gives customers the ability to choose from more than one hardware vendor. Because Hewlett-Packard and DEC are both committed to remaining in the minicomputer market, and because both are financially healthy, the systems which run on these platforms have an edge over HFD and its outmoded IBM technology. The cost of these systems is significant, with the American Data and Levitz systems both running in excess of $90,000 for a complete system, including hardware. When various additional components are added in, such as additional terminals, printers and credit card scanners, the cost can approach $250,000. The Levitz system is ideal for the larger retailer that uses centralized functions for purchasing or for paying sales representatives from a central office. The American Data system is good for retailers who have multiple locations, but who may not have warehouses at each location. Their system allows for centralized control of operations, but also gives each store the flexibility to process transactions on an as-needed basis. HFD is primarily
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Approximate Word count = 2464
Approximate Pages = 10 (250 words per page)

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