We all know the wisdom of monitoring familiar key performance indicators (KPIs). Turns, gross margin return on investment (GMROI), sales, inventory measures, and other metrics will tell you how your business is faring—and that’s pretty important if you want to keep your hardware store in business.
However, just staying in business isn’t enough in a rapidly evolving retail world, so achieving improved KPI results is essential.
In this Epicor eBook, you’ll learn about eight easy-to-use tools that go beyond traditional KPIs to quickly improve business results, including:
- Reviewing store-to-store sales—this will quickly show you where the anomalies are, allowing you to dig deeper into the numbers to achieve your desired results
- Identifying your top 100 items—these items are critically important, because any decision you make around them will have a significant impact on your top line
- Monitoring excess inventory—quickly finding these items—and freeing up cash while potentially making space for faster-selling stock—can save thousands and boost revenues by discounting and promoting your overstocked items
- Viewing items with cost change and no retail change—these are important because they can help you avoid margin erosion
Learn more about these tools, and discover what else you can do to improve your KPI results by downloading this Epicor eBook. Download now and go beyond retail KPIs.