Phorum has comprehensive internal controls in place to ensure that our entire inventory is closely monitored. At Present Phorums operations are limited to the two outlets it operates in Mumbai and hence the integrated operations enable it to implement efficient and flexible inventory management.
From time to time, pieces of jewellery are made as per orders and also as per sales to replenish the stock sold and the total stock of inventory in the showroom is maintained at pre-set levels for peak and off-peak seasons.
Phorum individually tags each item that is sold in showroom to allow inventory tracking that is
reconciled with the accounts on a daily basis. It performs physical inventory checks at approximately 30- to 60-day intervals.