Maximise Product Performance
Managing the quantity, and ebb and flow of your merchandise is one of the most crucial aspects of running any retail business. It is the place where you have usually invested most of your money (capital) and can mean the success or failure of your business.
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Organise Your Stock - Category Management
We use Category Management to cut ranges into “bite sized chunks” in order to better manage our inventory. Category management will help you;
- Better measure product performance
- Improve buying and replenishment
- Display product to match customer needs
- Relate retail space to performance
- Improve supplier partnerships
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How to Guides
How to Measure Stock Performance (A Sales & Inventory Analysis)
The Sales & Inventory Analysis brings together all aspects of your product’s performance. The analysis will give you the information to make crucial decision by identifying:
- Fast and slow moving stock
- Overstocks and understocks
- Gross profit performance
- Good and poor return on investment
- Potential stock outs; and
- Average sells, margins and costs.
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How to Guides
How to Purchase the “Right Amount” of Stock
Controlling inventory is crucial to the success or failure of your business. Matching the “right amount” of inventory to your sales will lead to greater profits by;
- Minimising inventory investment and increase stock turn
- Increase sales and reduce markdowns
- Reduce business expenses (carrying costs, interest)