What advice will you find in this guide?
1) Manage your inventory
Inventory management is a key skill that all retailers need to develop. Having a good understanding of inventory management will help your business thrive. The most effective way to ensure that you are purchasing the right amount of merchandise for the holidays is to project your sales and inventory levels. The best way to do this is to not only look at your results from previous years, but also assess your current inventory and measure how quickly it is moving in real time.
In this guide, you'll learn how to analyze your inventory turnover over the past year, what types of inventory to buy, and what KPIs to monitor. You'll also learn how to optimize how you sell your products during this busy period.
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2) Organize your staff efficiently
By combining planning and tracking employee performance, you can gain qatar cell phone number insights that will help you improve the way your store operates. Good planning is especially crucial during the holiday season, when you need to cater to (very) high traffic. Whether it’s measuring employee performance or training and managing temporary staff, you need to have a real strategy.
This free guide contains several formulas that can help you measure the productivity of your training program and the effectiveness of your employees' work. Once you have the right data, it can immediately inform the decisions you need to make and push you to change your staff organization where necessary.
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3) Evaluate your sales using the right KPIs
Closing sales is the foundation of your business. And measuring your performance before, after, and during the holiday season is vital to improving your sales. The guide explains which KPIs to monitor to help your store's margins increase. The more information you have about your revenue and where it comes from, the more you can develop and implement the right strategies to generate more. Conversion rates, sales, growth, employee performance... The more you know, the better your decisions will be and the more successful you will be.