November 27, 2024

Streamlining Inventory and Boosting Efficiency for Walter .E. Smithe

Company Bio:

Walter E. Smithe, established in 1945, is a prominent Chicago-based furniture company specializing in custom-designed furniture and home furnishings. Founded by Walter E. Smithe Sr., the company began as a family-run business and remains one, now operated by the third and fourth generations. With around 11 stores throughout the Chicago area, the company has an estimated annual revenue of over $120 million and employs approximately 300 people.

Company size: 377

Industry: Retail

Headquarters:  Illinois, USA

Involved Teams: IT

Challenges:

Complex inventory management in a multi-generational family business

Solution:

Custom Inventory Management System

Impact:

$250,000 saved; 120x ROI; Precision-engineered inventory tracking

Quick Description:

Walter E. Smithe Furniture, Inc. partnered with Tvarana to address inventory challenges by implementing a custom management system. Key features like composite barcode scanning, multi-item submissions, and duplicate scan alerts streamlined workflows and improved accuracy.

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