Order and simplification are the first steps toward mastering any business.
Our financial planning programs accomplish these first steps while providing system standards and staff training for operational consistency from season to season and year to year.
From operational evaluation programs to specific retail solutions, each of these financial programs and services can be customised to meet your individual retail businesses needs.
We will produce a high rate of return on investment in inventory, improved profitability and a trained golf shop staff, able to provide a superior retail experience to your customers.
Want to make more money and spend less time on inventory management? Are you struggling with how much inventory you need in your golf shop? Mystery solved with an open to buy program! Finally, know how much inventory needs to be purchased each month without having too much or too little!
Key Functions of an Open To Buy Program:
- Forecast Retail Sales
- Calculate monthly inventory levels
- Determine cost of sales goals
- Establish turnover rate
- Total store down to classification level
- Compare forecast to actual retail sales and inventory levels
- Provide plan of action to keep business on track to meet financial goals.
Need a simple method to track how much you are spending annually / monthly / weekly on new inventory for the golf shop? Simple templates that can be customised to your department / categories to provide an at a glance summary of the orders you have placed.
Key Features of a Purchase Order Management System:
- Easy templates to enter on order information by department/classification/and supplier.
- Improve and control monthly cash flow
- Ability to easily check invoices against original orders for accuracy
- Monitor how suppliers are shipping orders and use for negotiations for future business with your vendors.
- Communicate to staff when new merchandise is coming into the shop to expedite receiving, pricing, and visual display resulting in faster retail sales
Not meeting your retail financial goals and don't know why? Find out today and learn simple, proven strategies to change an underperforming retail business into a growing profit centre.
Operational Analysis:
- Financial review of retail business:
- Retail Sales
- Cost of Sales and Gross Margin
- Initial Markup and Markdowns
- Average Inventory and Turnover Rate
- Stock to Sales Analysis
- Gross Margin Return on Investment
Review of back office procedures:
- Purchasing methodology
- Receiving and visual presentation
- Storage room and back stocking practices
Review of Staff and Customer Service:
- Staff Duties and Responsibilities
- Staff Utilisation
- Training Policies and Programs
- Customer Service Standards
Review of Visual Merchandising Standards:
- Over view of retail selling space
- Usage and allocation of selling space
- Fixture usage and flow of traffic thru selling space
Summary Report and Plan of Action:
- Identify strengths and weaknesses in all areas reviewed
- Provide strategies for management to implement to improve operational efficiency and profitability.
Sales and Inventory Forecasting and Control
Experiencing flat sales or worse decreasing sales and growing inventory? Need simple methods to forecast achievable retail sales and establish average inventory levels? The answers are simple and easy!
Key Functions of Sales and Inventory Forecasting:
- Annual/Monthly retail sales forecasting models
- Total store to classification
- Average Sale per Golfer method
- Simple calculations to determine inventory
- Monthly templates to monitor sales and inventory
Operation Manuals and/or Policy and Procedure Standards
Tired of being unorganised and running a business without any written guidelines? An operational manual will provide the framework for the golf shop establishing policies and procedures for the entire business.
Comprehensive Custom Operational Manual:
- Purchasing and receiving
- Visual display standards
- POS processes
- Staff guidelines
- Customer Service
- General operational policies
