Know the best feature in all our solutions? Understanding. Total Technology Solutions Turnover: Why it’s important and how to improve it! “A head for your business. A heart for your ministry.”
Turnover $ 750,000 Annual Sales $ 37,500 Special Orders 5% $ 712,500 Sales on Inventory.6 Ave.Cost of Goods % $ 427,500 Sales on Inv. at Cost “A head for your business. A heart for your ministry.”
Required Inventory of $427,500 Inventory for a 2 Time Turn $ 213,750 Inventory for a 3 Time Turn$ 142,333 Inventory for a 4 Time Turn$ 106,875 “A head for your business. A heart for your ministry.”
Benefits Free up Cash for other store needs Cut down on the obsolete merchandise Less Inventory – Less Space – Less Rent Get current on your A/P – Stop the 18% Int. “A head for your business. A heart for your ministry.”
Compound out an IRA Contribution for your Grandchild $2,000 at 18 % over 63 years “A head for your business. A heart for your ministry.” Just how much is 18 % Interest?
$ 67,543,730 That’s MILLION Folks! No one can afford 18% Interest! “A head for your business. A heart for your ministry.”
Use the IVHR to help set/reset the Min/Max settings Uses the last six months of sales history to determine Min/Max System Config provides (8) different tables for various Department requirements. Items have to have been in stock for at least (6) months to qualify IVHR will lower Min/Max and by option raise Min/Max. Longer sales history provides better predictability (Especially on Books & Bibles) Never brings back discontinued items Sets the Min Max to the last (8) weeks of sales. Won’t lower until after (8) weeks of history Begins raising Min/Max immediately. Shorter sales history window makes the “Weekly” routine more responsive to sales peeks.(Especially on Music) Never brings back discontinued items MonthlyWeekly “A head for your business. A heart for your ministry.”
Misc. Configs effecting Min/Max settings 2001 IVHR to use 3mos instead of 6mos history 2027 Use weekly table for all new titles Weeks sales Pct Monthly Tables 2042 Sales Qtrs before 0 min max Sales Qtrs before discontinuing 2046 Bring back 0 min/max items ordered in last 90 days 2097 Deduct Spl Orders from calculations
System Config. Setting #s allow the BSMGR user to tailor each of the (8) monthly turnover tables! “A head for your business. A heart for your ministry.”
The Cash Register set up allows the BSMGR user to assign each department to one of the of (10) settings by putting a 0 – 9 in the “Turn” column! “A head for your business. A heart for your ministry.”
Then run run the IVHR…either manually…. “A head for your business. A heart for your ministry.”
Or through the Scheduler
Know the best feature in all our solutions? Understanding. Total Technology Solutions Thank you! End of Presentation “A head for your business. A heart for your ministry.”