Powered by Multidev Technologies | 1-800-820-1412
Every retailer struggles with accurate forecasting. How many of a particular product should you order? How much should you spend on merchandising for a particular season? Which trends will dominate next year? These are...
A budget — any budget — has to be based on facts to be useful. For retailers, budgeting is incredibly complicated because store budgeting involves more facts than ever before. This is because the...
Without a workable store budgeting process, retail management is futile. It’s futile, because the necessary cash flow to keep the items on the shelves and payroll, etc. is easy to mess up without proper...
Budgeting is an inescapable part of the retail business equation. Retail store budgeting done right enhances overall performance since appropriate sales and performance objectives can be set. This affects the morale and motivation of...
When it comes to simplifying the retail budgeting process there are some things you just can’t simplify. There’s a lot of information that needs to be assessed for an accurate and functioning budgetary plan....
One of the basics of budgeting — any budgeting — is knowing exactly what you have to work with. From the little old lady who carefully marks down every day’s expenditures to the global...
Key performance indicators (KPIs) are the retail metrics that help you keep your chain on the right track for success. The reason you track your KPIs is so that you can tell whether your...
Store budgeting is not as simple as pitting your expenditures against your revenues on a spreadsheet. That might work for small mom & pop shops, but that’s not how it works for chain stores....
Your retail business deserves better than to be managed with no goals. Performance objectives allow you to measure your success by judging your results against criteria you set for yourself. When you have the...
Budgeting and forecasting accounting software helps businesses prepare the financial tools they’ll need in the future to finance their operations. This form of program aids businesses in forecasting potential sales and costs through various...
