Inventory Balancing

A common problem among independent jewelers is the mystery around the "open to buy" concept. Most jewelers have too much inventory and too little cash. When they figure an open to buy, the number usually comes up negative.

Abe Sherman, head of Buyers International Group, has developed a program called "Balance to Buy" that is a great tool to help you determine what categories of jewelry you sell and at what price points, and compares that to the jewelry and price points that you currently have in stock. The result is a road map showing what you need to buy and what you need to get rid of, all in a very simple and straightforward format.

For more information about this powerful planning tool, go to http://www.bigjewelers.com/