We will have systems in place to keep costs down and run most efficiently. It’s not just up to you to understand your profits; your line level employees and managers should all have knowledge about purchasing, inventory, and controlling costs within the business.
Things like inventory inefficiencies, theft and waste could be keeping you from profitability. Without proper protocol in place, however, you may not even know what is happening until it is too late.
When we are finished, you will…
Have profit and loss statements.
Have theft protection in place.
Have established quality controls including set company standards and procedures.
Have systems and spreadsheets for inventory, purchasing, sales analysis and costing models.
These systems will guide your employees as they work with vendors and inventory so you aren’t losing out on profits. If you understand these processes you can stay in the black during the slow months and further realize more profit during the heavy ones, without stress or worry.