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www.IndependentRetailer.com MANAGEMENT C-store Software
Management continued from page 102
3) Increase Gross Margins.
Most C-stores struggle with the intricacies of price setting. If it’s priced too high, the sale hits a dead end. If a price is too low, so is profi t. Automated price set- ting will allow for quick changes and easy analysis, detecting the highest possible profi t margin on each product. 4) Implement Customized
Dashboards: With so many intricate parts to running any business (and a C-store), manag- ers can only truly be managers with the ability to see at a glance how the business is doing day to
day. Otherwise, a store manager is nothing but a clerical assis- tant who spends much of the day tallying sales and manually pre- paring daily inventory reports. With the correct software, dash- boards can be created instantly, allowing insight on how the busi- ness is doing year to date, and how that compares with budget planning and more. At the end of the day, can
C-store managers account for every dollar on every item in ev- ery store? Do they know which store items are making money and which are simply collect- ing dust? Most importantly, are they certain they are achieving the margins they want for ev- ery item? With the advances in accounting and inventory soft-
ware today, C-store management can be certain every penny is present and accounted for. As Scott and Hawkins’ publisher emphasizes, “Every now and then, a new technology comes along that creates an exceptional opportunity for the small busi- nessperson to grab the brass ring. Sometimes this opportu- nity is so dramatic, it allows a motivated and visionary busi- ness, regardless of size, to grab huge chunks of it’s competitors’ market by creating a temporary, level playing fi eld.” Such is the case with effective accounting and inventory software. ■
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104 September 2011
INDEPENDENTRETAILER
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