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Putting technology to work in your business is a great idea, but the whole point of your business is to generate numbers on the bottom line... where it counts!
Generating sales is more than just having available product to buy, it's having the products your customers want, when they want them . As an example, how many times a week do you, or your sales staff, say: "Sorry we're out of stock on that right now." Maybe it's only a $20 item, and maybe it only happens twice a week. But how does that translate to real numbers?
Assuming a 46% margin:
40 x 52 = $2080 (lost sales every year)
x .46
-------
$956.80 (money directly out of your pocket )
Studies have shown that retailers who do not use computerized inventory management tend to overstock their stores by 20 to 40%. Let's assume your store carries an average of $125,000 in inventory. If only 20% of that inventory is overstock, you have invested:
$ 25,000 in excess inventory.
Let's take the above example one step further. If you invested $3,336.00 in The General Store ( single user system ), and your new system was able to help you reduce that overstock by only 50% , your $3,000 investment generated a
12 month return of ........$ 12,500 or....26%!
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TGS is hands down a user friendly program, verrrrrrrrrrrrrrrry useful and has a lot of stuff we can use today or in the future, I love it!! Opulent Trendz Boutique
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