I will show you how to set up and use your location dashboard in your shop.
This form of analysis is called Same-store sales and is frequently used by many retailers. I will show you how our system can do it.
A bit of background first. Most consider in a shop different parts of your shop have different value to the business. In places in the front, a product to justify itself in the front needs good sales. While in the back, often much lower sales results are acceptable. What professional marketers do is set a budget for each area of the shop. Then what they do is compare usually monthly sales in that area. This they displayed on a dashboard. Anything significantly different raises flags.
Let us start, so first, we need to set up.
Look around your shop and divide the shop into locations. Generally, a shop is divided into departments already, so this is not hard so use departments.
Now check that your stock has location entered. If not, then go to stock systems> stock editing> stock level editing.
Give all your stock a suitable location. Although this will not take you a lot of time, it may take a while for the computer to process. Nothing we can do about this as we need to get locations going.
For each location you adopt, calculate the area it takes up, which is simple to do by pacing it out. Now decide what weekly budget you would like for each location to have. Generally, your till rolls at the end of the day will tell you. You need both figures area and budget to get this to work.
Now go to system maintenance> Dissection maintenance > Location
Put in the location and give it a weekly budget.
Now go to register reports>stock>weekly location targets.
Put in an appropriate date and outcomes a very detailed report, full of comparisons for each location.
Now on the first few shots, you need to fine-tune it somewhat the figures. This is expected but once bedded down, it will work well.
You will get a lot of relevant information on your shop from this report and it will be something you can use.
