With sophisticated furniture inventory management software, firms can deliver the data their clients need to make smarter decisions about the purchase, inventory levels, and marketing efforts.
FREMONT, CA: With margins squeezed and competition as tight as ever, Third-party inventory management service providers need to continually enhance their operation and WMS to ensure efficiency and effectiveness. Today, the global furniture sector is worth an estimated $545 billion, and that number is forecasted to grow to $654 billion by 2025. For all its values, serving the furniture warehousing sector has its share of hurdles, particularly when it comes to furniture inventory management. As an outcome, many furniture retailers outsource their warehouse management to expert third parties. An advanced warehouse management system (WMS) with integrated furniture warehouse management can help warehouse owners and effectively and profitably help furniture retailers. Here is how furniture inventory management provides better inventory management.
Furniture is large, heavy, and bulky, which makes it complex to store and ship. A warehouse software enables a warehouse owner or warehouse manager to streamline their warehouse layouts and store furniture seamlessly. It does this by enabling data entry through SKU barcodes by leveraging mobile scanners, tablets, or desktop computers and centralizing all warehouse data in one easy-to-access digital location. A warehouse management system offers the foundation for other automation tools like a warehouse control system or warehouse execution system.
Furniture is a discretionary buying. Not only does this impact consumers’ willingness to shop — furniture sales go down when money is tight — it also impacts what they buy. Trends and styles in the furniture industry change quickly. As a business owner, one has access to a wealth of data. With these insights, firms can offer value-added services that offer furniture retailers an advantage against their competitors. With the data created from the software, 3PL providers can offer detailed furniture inventory management reports that highlight which items are popular and in which specific styles, colors, and materials.
Furniture is large, so it is costly to store, increasing a retailer’s warehousing costs. Furthermore, fast-moving trends make it challenging to predict what consumers want. Predict wrong, and firms will be carrying a lot of expensive furniture they can’t sell.