19 Jan 2010/Nilesh Shah
Smart Tips for Smart Retailer
Smart Tips
Dear Retailer,
Can you relate to any of these statements?
- You've set up a Retail Software but still don't "get" what it should do for you.
- You're amazed with fellow retailer's activities and customer traffic.
- You can see the value by exploring possibilities in a Retail Software, but simply don't have the time.
- You know you should set up a Central Control Mechanism, but do not know how to proceed.
- You keep hearing about POS Software that do wonders but think it's time consuming and are not clear of objectives.
- You know there are numerous unspoken functionalities and analysis possible with a Retail Software.
- How much stock you have at cost price and selling price?
- How much you need to pay to supplier in coming week?
- How well your funds are utilized?
- What is the gross margin your store is operating?
- What is selling and what is not?
- What kind of merchandize mix is right for you?
- What customer wants and are they loyal to you?
- What is your stock holding cost?
- How to develop your own business-centric model.
- How to set up and implement reliable systems for managing your business.
- How to sell more of your products.
- How to rotate your funds.
- How to manage the stock of 10000+ sku.
- How to manage sales staff.
- How to keey your customers happy.
- Increase your number of customers
- Increase the size of the transaction per customer
- Increase the number of sales per customer
- Decide on correct merchandising mix
- Know your profitability
- Reduce manpower cost
- Reduce the erroneous data entry
- A complete integrated system for maximum profitability.
- The ONE action you must take daily to monitor the entire show.
- Ten reports that gives you in-out of business.
- Smartest retail techniques used by retailers world-wide, to build your personal brand.