Since implementing RPM Retail our gross margin has improved +4%, the proportion of dead stock at each store has fallen by -$20K and the frequency of out-of-stocks on best-sellers has fallen dramatically.
Fewer Out-of-Stocks
Minimising out-of-stocks should be a high priority for any retailer. Out-of-stocks result in lost sales opportunities and potentially lost customers if a competitor has the product in stock.
RPM Retail fixes out-of-stocks by sending plain-English recommendations to reorder specific products which are out-of-stock or low-in-stock. Because your supplier partners can have access to RPM Retail's Insights, they too can help close the gaps on out-of-stocks.
Insights
Out of Stock
Sales
+$85 per day
|
You are out of stock of The Lemon Detox Diet Pack, a product ranked #2 in the group. An order of 14 units will provide you with 30 days cover.
Low Stock
Sales
+$1,564 per month
|
With 7 units of Liver Cleanse 60 Tabs, it is estimated that you will be out of stock in 6 days. An order of 42 units will provide 30 days cover.