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With StoreWatch, Advanced doesn't have to
mean Complex.
PriceBook
While
backoffice software does many things well, fact is, it does two things in
particular that contribute considerably to your bottom line; increased gross
profit margins and higher product turns, (higher movements).
Backoffice
applications increase margins primarily by making certain that customers are
charged the correct amount for every product sold in your store(s) every
time by maintaining the correct retail sell price based on current item
costs and by taking pricing decisions out of the hands of your cashiers.
The
average site stocks over 2500 items; keeping track of every cost increase, new
products, and other changes to inventory items without some form of automation
is difficult at best. With backoffice software, current costs are tracked
automatically and the margins, (set by the operator) are applied
automatically.
With
StoreWatch, all of the information you need to add products, change pricing,
check your GPM on one or all of your products, etc. is simple. This screenshot
shows the Price Book Editor from a typical site. Making changes to products is
simple and straight forward.
Without
backoffice software, price changes on-site can be time consuming and often lead
to inconsistent retail pricing. This problem is particularly evident with
volatile categories such as tobacco & beer. Buy downs and post offs
routinely require pricing for large groups of products to be adjusted for very
specific date ranges. With StoreWatch, making Group
Retail Price Changes
is simple and reliable.
Simply
choose the products which require price adjustments, choose a price adjustment
method, (set to a specific price, adjust up or down by price or percentage), and
choose a date range. At the end of the buy down or post off, your pricing will
either return to the original price, or to another price at your discretion.
Keeping track of your product
margins has never been easier. StoreWatch makes what used to be a tedious job a
simple part of your daily routine by using the screens shown below.
Retail Gross
Profit Margins: By Department
Retail Gross
Profit Margins: By Item
At Petro Data we say, "It's all
about the margins..." By using this easy to read screen, the user can
quickly determine product margins. By clicking on the appropriate header, the
user can easily sort the information shown.
By
tracking deliveries, sales of individual inventory items, and any adjustments
made by the operator, (breakage, spoilage, store use, etc.), backoffice
software will calculate exactly how aggressively each item turns in your store.
Every linear inch of shelf space should be performing in your store; with
backoffice you can track the performance of every item and it's product
category.
Once
you determine how each product is performing, our software will enable you to
sort all of your products from the worst performer to the best. You simply start
at the top of the list and eliminate the "dogs". Imagine meeting with
your grocery vendor with accurate sales data in hand. Making changes to your
category mix just got easier and more accurate.
A
retail operation that is generating maximum gross profit margins and the highest
turns possible will make more money for operator. It's that simple.
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