Retail Sales and Inventory Best Practices
Retail Best Practices Toolkit
Our Best Practices are derived from our most popular and time tested solutions that help improve inventory productivity and increase sales and profit. These functions provide actionable information that help you manage the key aspects of the business and introduce innovative ways to use different data points to unlock opportunities.
Weekly Analyst
A comprehensive review of your items- inventory, sales and store execution statistics in one report.
Store Execution Statistics
Quickly locate stores sold out, stores with no sales by SKU to prioritize action.
Lost Sales by Store
Calculates lost potential store by store and SKU by SKU. Eye opening and recipe to improve sales.
Our Best Practices are the must-have tool kit for planners.
Demographic Profile
Learn who your products are selling to and reduce risk by allocating more efficiently.
Opportunity and Liability
Side by side comparison of over and under inventoried stores by SKU. See the dollar value of each.
Turnover by Store
Helps determine which stores sell certain products and which don’t. Helps determine model stocks.
The retail best practices toolkit is not only relevant for retail and wholesale planners, but also key sales associates as well. The more knowledge one has, the better the recommendations they can make. That reduces risk throughout the supply chain.
A great example is in testing new products. With the demographic profiler, you can determine who is buying your product and where those consumers are located. You can then use that information to target specific products to specific markets. Suppliers can now show their retail partners how to reduce risk by only allocating products in the right places.