Foundations
Why You Need JR.Spacelink
Knowledge is power, and especially so in retail. Knowing which categories/stock lines are performing or failing and what is being achieved at an industry level simplifies decision making about stock/space allocation and pricing.
Australia’s best retailers in pharmacy and grocery have teams of people constantly analysing product/category/store performance using the same reporting information that JR.Spacelink can now provide to you for both minimal effort and cost.
JR.Spacelink was specifically engineered to deliver Retail Science at the doorstep of small business.
Business owners who want to increase sales, profit, customers numbers, items sold per transaction, and who want:
- to understand the performance/viability of categories within the store
- simple to understand reports
- web enabled Access: 24/7 depending on your needs
- automated POS data extraction and processing
- advice from your JR Pharmacy partner or consultant retail specialist who has online access to reports
- information reported in standard industry categories for benchmarking purposes
- your own POS categories for ease of implementation of change at the store level.
Comprehensive reports include:
Department Average report
- Comparison of store GP to like type stores
- Comparison of store sales to like type stores
- Comparison of stock intensity to like type stores
- Comparison of GMROII and GMROS to like type stores
Companion sales report
- Identifies a particular product item and measures the ability of cross-selling on that product line. This gives a store the ability to implement companion selling techniques that provides a solution to your customer.
Comparative sales report
- Identifies growth in sales/ gross profit between two reporting periods –
- very useful for identifying the results generated from in-store promotions, re-design of a category, change in planograms, etc.
Best Practice Performance Reports for:
- Sales
- Stock turnover
- Return on Inventory
- Average Sale
- Average number of items sold