We will guarantee you 10% extra profit in your pocket....(10% of your turnover)
Or your money back!
Want to know how?
1. Immediately do a stock take. Yes, of the whole shop! Every Item! Capture this on your system.
2. Print out a price list & validate / check each item's cost & selling price! Yes, everyone!
3. Call each supplier & negotiate better pricing. You are closing down is always a good reason.... Not seriously - just a call to action.
4. Check all items on the shelf for dust. If there is dust, the item is not moving!
Also print out a Non-movement report for the last 3 months.
5. Now, Create a promotion for all items that are not moving & move them to a more prominent position in your store. (Big signs - On Promo!)
6. Validate all purchases for the last 3 months for costs paid vs agreements that you had. Also look for Price hikes.
7. Check all voids & refunds done in the last week. Especially for voids of the first/only item in a sale! Then Work your way back for the last 3 months. Check your cameras & have a discussion about these with each cashier.
8. Check permissions for all cashiers & disable voids / refunds / price change / Price enquiry / F1 search (If you are scanning) / Open drawer (without a sale) / Cashups.
9. Disable all "Open Item" products - products where the cashier is prompted for a price!
10. Look at your Top 20 sales products for the last 3 months & calculate usage per item. (Opening stock + purchases - Closing stock = Usage) - In quantity & value.
Now take the usage value / Turnover for each item = profit % - Is that what you wanted / hoped for?
Now, daily....
11. Do each cashup yourself! Check turnover vs cash. Balancing cash, & float.
12. Do a dayend & ensure that each cashup is incorporated in your daily turnover. Yes, you have to add them up.... Ensuring no cashups are missing....
13. Print a Product performance in descending quantity - need your best sellers on the top! Check % GP for the top 20.
14. Do a stock take on those top 20 products. Do a stock adjustment & note the value of missing stock! Discuss with all staff! If required, move the missing stock items to a place where your staff / cameras / mirrors can better monitor it! Ensure no "Blind spots" in your business.
15. Check your movement report to ensure all sales items have sufficient stock on the shelf for the next day.
Now, kick yourself because you have not done this before!
