Timing and communication are important. After you analyze the business, you need to make decisions on what the priorities are for the next business period. This needs to be done multiple times a year. If you can create a planning cycle and plan the execution piece, the business will always excel. The outcome is just as important as the reviews.
Business Management Process
Retail execution is where things often fail, but not when you’re doing business with us. We make sure our clients product’s make it to the shelf and are merchandised correctly. There are occasional compliance agreements that are contingent on proper retail execution. We make sure our clients and customers are getting what they deserve; sets completed with 100% accuracy.
After the planning and execution, it’s time to assess and evaluate. Frequent evaluations are not only about looking at items, but it also identifies big wins and prevents big losses. We analyze profit margins and penny profit, basket market, profits per linear square foot, GMROI and Price Elasticity.