Use ChainDrive Budgeting to increase productivity
The business of retail management is not an easy one. A retail professional is tasked with overseeing a wide range of aspects that determine the successes and the struggles of their business. One of the best ways to take control early on and ensure that productivity is at its highest possible point at every step of the way is to develop cohesive plans for success and find ways to monitor your progress. ChainDrive’s retail management software package is the ultimate tool for developing strong plans, setting objectives, and reaching those goals. Our budgeting and forecasting software features allow you to define key performance indicators and monitor them daily to see how any changes you have made are affecting your business. It’s one of the market’s best tools around.
Key performance indicators, or KPIs, are crucial to both understanding your business and improving upon it. You need to select points of interest that best represent your business’s success to you. This could be sales per day, dollars per day, customers per day, or any other figure that you deem to be important. By defining these indicators, you can use the Store Budgeting component to track how they grow or shrink over periods of time. This means that you will have access to an intuitive view that shows you the rises and the falls of any data points of interest. When you use the rest of ChainDrive’s powerful budgeting software features to make changes and additions to your business, you can look back to the Store Budgeting tool and see how they have affected things.
Another handy tool found within Store Budgeting is the Annotation feature. This allows you to make customized notes on any point of data that you feel the need to clarify. It’s great for explaining any anomalies, changes, important points of interest, or other worthwhile areas. It will help both you and your employees maintain a thorough understanding of your business so that you are fully prepared to make responsible changes in the future.
Take advantage of the wide range of features from ChainDrive budgeting and forecasting software and see how easily you can improve your business!
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[…] ChainDrive’s budgeting tool has complete access to real-time and accumulated historical data. The setting and monitoring of objectives becomes a matter of filtering and selecting the information you need for your planning. The comprehensive security settings enable your head office to determine exactly what data is visible across seven levels, down to assistant store manager. Each store in your chain can be restricted to viewing only their specific store information on performance, sales, wage, budgets, hours, and progress. […]