If you own a retail store, and you want it to be successful in sales, you need to keep track of certain types of information. Without it you really have no way to plan anything for your business. You need to know things like what are your weekly sales, when are the busy and slack times and so forth. Weekly retail reports are the lifeline for your business.
So what kinds of reports do you need each week? At a minimum, a sales report. This one report will be able to tell you a lot of things. It will tell you if you are making enough sales to pay your bills at a minimum. Sales reports will tell you when busy times and slack times are.
Another report you should run is an inventory report. This will tell you what is selling and what isn’t. With that information you can adjust your sales items in order to move slower selling merchandise.
A report about employee hours, when compared to the sales reports can tell you if you are scheduling enough or too many employees. This can save you a lot in wages and employment taxes.
The computer systems to gather data for these and other reports you need can be expensive, or so fragmented that getting one system to integrate with another can be frustrating at best, impossible at worst. A great way to ensure that all the pieces you need work together and won’t break the bank is to find a system like Retail Business Development’s Campus, Assistant and Connect.
They work together seamlessly, and provide instant information and even training for your employees. Assistant also has a time keeping system for your employees. You need reports that include sales, employee information, training, inventory and CRM (customer relationship management). Find one that works best for you and keeps your business in the black.
Cloud Based Retail Solutions
RBD Retail 3.0 Solutions are a set of enterprise, cloud-based solutions for the mobile workforce that delivers powerful ERP, CRM, HRM, eLearning and Reporting modules to sales associates in the field, executives, management and back-office personnel. Find out more about our Retailing 3.0 business solutions…
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