Get to know the vital terms of Logistics and Supply Chain Management.
Floor-ready merchandise (FRM), in the context of retail inventory, is the one being shipped into stores prepared for immediate display on the sales floor. Those products already include labeling, price tags, hangers, or packaging, so there is no need for any other preparation by retailers to put them directly on shelves or racks.
Pre-Tagged: Products are pre-tagged with price tags, barcodes, and other labels so that they do not require the stores to label them.
Pre-Racked and Pre-Hangered: Garments can come on racks, and other merchandise can be packed in a way that is easier to put out on the floor.
Packaged to Order: Products can be packed to meet the needs of the store setup and make the process of stocking easier.
Faster Stocking: FRM reduces the time and effort spent in preparing products for the sales floor, and thus, retailers would be able to get new stock out to customers sooner.
Reduced Labor Costs: With less in-store handling and preparation of products, retailers can reduce the labor costs involved with unpacking and merchandising.
Efficiency: FRM will help retailers focus on customer service and sales rather than inventory tasks that are time-consuming, improving overall store efficiency.
Floor-ready merchandise provides retail opportunities with enormous benefits through the saving of time and effort in stocking and merchandising products. The FRM does this by making the process easier and the retail business more labor-efficient, with reduced costs for labor. Customers will also be satisfied because, through the FRM, all the things required can be sold faster.