As a retailer, you know that profit margins are important. But what is the average profit margin on retail? We take a look at the data to find out. For our business, we need to make sure that we’re always aware of our margins. After all, it’s one of the key indicators of how well […]
Theft has become a common problem for many businesses today. So what do you do when you catch these shoplifters? This article teaches you what to do if you see a customer stealing. What To Do If You See A Customer Stealing There are many cases of shoplifting. As a retailer or an employee, it’s important […]
Inventory accuracy is key to any business, but especially those that don’t have accurate records. Periodically conducting a physical count of the inventory helps to ensure that the inventory levels are accurate. This is usually done at the end of the month, or at the end of a fiscal period, to coincide with the end […]
When I was first starting out in retail, one of the things that I struggled with most was understanding how to calculate sell through. It’s such an important retail sales metric, but it can be tricky to wrap your head around. Thankfully, there are some simple steps that you can follow to make sure that […]
If you’re like most people, you’ve probably set a sales goal at some point in your career. And if you’re like most people, you’ve probably also struggled to meet that goal. Why is it so difficult to achieve our sales targets? In this blog post, we’ll teach you how to meet sales goals, by exploring […]
I never thought I would have to worry about stock outs. But then, one day, I was caught unprepared. It was a disaster. Thankfully, I learned my lesson and now I always make sure to keep a close eye on my inventory levels. And if you’re worried about stock outs too, then you’re in luck. […]
If you’ve ever had to count inventory, you know it can be a tedious and time-consuming task. But it’s also an important one – after all, knowing how to count inventory accurately is essential for your businesses to run smoothly. There are a few things you can do to improve your accuracy when counting inventory. […]
If you’re in business, chances are you’ve asked yourself “what is a good number of inventory turns?” at some point. It’s a valid question – after all, optimizing your inventory turnover ratio can have a big impact on your bottom line.In this blog post, we’ll discuss how inventory turnover ratio works and give 5 optimization […]
If you’re starting a new business, you may be wondering how to get SKU number. A SKU (or stock-keeping unit) is a unique identifier for products. In this blog, we will go over the difference between an SKU and a UPC, what a skus looks like, and how to get SKU numbers for your products. […]
As a business owner, you know that every product needs an SKU. if you are wondering how to create a SKU number for your products there’s no need to – we’ve got you covered. In this quick and easy guide, we’ll teach you how to create a SKU for your products and make the best use […]
