Using the Power of GMROI
Did you know? Costco's Gross Margin is around 12-13%. 👀
So, how is it that they operate so successfully?
Their inventory management is driven by GMROI – Gross Margin Return on Inventory Investment (what some call "earn 'n turn.") They get maximum productivity from their largest asset: their inventory.
You can too!
The ROI regards GMROI - Gross Margin Return on Inventory Investment - as the #1 Inventory Productivity Tool. Find out directly from Pat Johnson and Dick Outcalt, Co-Founders of The ROI, why and how to use GMROI in your retail operation.
- What drives GMROI (Gross Margin Return on Inventory Investment), and why.
- How the real value of GMROI is in comparing: departments, stores, even vendors!
- Specific strategies for putting this powerful tool to work in your business.
- How The ROI's online GMROI Calculator automates the number-crunching for you, letting you focus on the strategic "what if...?" decision making.
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