Now is your last chance to get your stock levels right.
Fortunately, with our point of sale software, you have both real-time reporting and low-stock alerts to warn you when the stock is running low. This is to keep your stock levels at your ideal level.
However, running out of stock now can severely impact your bottom line and do untold damage to your customers’ view on you.
Good news:
We have a unique report that gives you an immediate way of checking your current situation.
In the Cash register report, call up the GMROI (see the selection highlighted) in your point of sale software in the reports here.
You can select the list of options you want, and I suggest you review them later.
I recommend doing this by department for a first run.
Then you will get a report like this.
As you can see, the items are all listed.
Let’s look at it in detail:
What we are looking for are items with low on-hand figures, decent sales, and reasonable ROI%. ROI% is the return on investment; it is one of the best ways to determine the value of your stock items to your business. It is calculated as (unit sold) x (Profit) / (Average stock cost), and the industry average is about 3.2, but as you can see here, there are many items above and below it.
Now it is up to you
