Is Re-Stocking Eating Your Profits?
August 22, 2014 § Leave a comment
It is no secret that margins are thin. This is especially true if you operate a private retail store in BC.
It is also true that you nor your staff work in a vacuum and that all actions and efforts will have an effect on your bottom line.
Re-stocking shelves is one of the critical cost centres in your store that is often over looked. How much labour are you putting into restocking shelves? The answer is as simple as this mathematical formula and it could save you thousands of dollars per year in labour and out of stock costs.
Weekly Sales / Shelf Capacity = ReStocking required.
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If I can help you determine your restocking costs and how to make your inventory work harder for you, you can reach me at firstname.lastname@example.org or by phone at 250-880-0072