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.

Cheers

The DorkUncorked

Was this helpful? Either way say so in the comments.

If I can help you determine your restocking costs and how to make your inventory work harder for you, you can reach me at rodphillips@telus.net or by phone at 250-880-0072

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