GMROI (Financial Management for Music Retail)
Perfect your Gross Margin Return on Investment (GMROI). This is one of the most valuable analytical tools you can use to measure the amount of profit dollars you earn for every dollar you invest in inventory. Take a close look at how to calculate your GMROI and how to use it to analyze your business profits. GMROI is a critical tool to tell you if you’re having a problem achieving effective inventory management.