How to maintain furniture stock in retail shops and wholesale? i mean inventory purpose stock taking and stock maintain like that?

Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of resale (or repair).[nb1]

Inventory management is a science primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.

The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an on-going process as the business needs shift and react to the wider environment.

Inventory management involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check. It also involves systems and processes that identify inventory requirements, set targets, provide replenishment techniques, report actual and projected inventory status and handle all functions related to the tracking and management of material. This would include the monitoring of material moved into and out of stockroom locations and the reconciling of the inventory balances. It also may include ABC analysis, lot tracking, cycle counting support, etc. Management of the inventories, with the primary objective of determining/controlling stock levels within the physical distribution system, functions to balance the need for product availability against the need for minimizing stock holding and handling costs.

Hi! From comfortable sofas and stylish dining sets to functional bedroom furniture and fashionable home accessories, Value City Furniture is your one-stop shop for all your interior design needs. Regardless of what kind of furniture you want to purchase, you will definitely be able to find everything you need from them. And if you need help choosing, or placing an order, you can call the value city furniture customer service number and they will be ready to help you so that you are satisfied with your purchase.