Cut Down on Markdowns with Inventory Management Software

Burlington Coat Factory Warehouse Corp. improved its financial stability thanks to improvements in its inventory management system.

Price cuts - Fishbowl BlogIn the news release, “Fitch Affirms Burlington Coat Factory’s IDRs at ‘B-‘; Outlook Stable,” it says, “BCF’s operating margins have strengthened as a result of fewer markdowns due to better inventory management.”

Burlington Coat Factory is a discount retailer, but even discounters can’t afford to cut prices too low. Excess inventory always has a downward effect on prices, often forcing companies to take a loss on expensive products in order to make room for new ones.

Inventory management software is essential for all types of companies. It helps them keep their inventories at healthy levels to avoid supply problems.

If companies are able to keep the correct number of products on hand so that they don’t run out or have too many then they have a better chance of earning an appropriate amount of money on each product sale. It’s the law of supply and demand in action.

Small businesses should take advantage of inventory barcode software to effectively track their inventory movements and levels. Learn more about how Fishbowl – the most-popular inventory management solution among QuickBooks users – can help your small business by clicking the above link.

Advertisements

About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl Inventory is the #1-requested inventory management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies. His favorite movies include Mr. Smith Goes to Washington, Fiddler on the Roof, Back to the Future and Lawrence of Arabia.
This entry was posted in benefits to business, inventory management software and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s