Bookstore Manager Trainings
Presented by: Robbie Halstead
Kingdom Retail Solutions
www.KingdomRetail.com
[email protected]
1
Using Inventory Analysis Tools
to Maximize Profits
2
EOI Best Sellers
3
EOI Best Sellers
4
EOI Best Sellers
IVT-Inventory Totals
IVT- Inventory Totals
• Tool to analyze your inventory
– Exclude Consignment and No on-hands grouping
– Complete
• Report has two components once printed
– Department Totals
– Category Totals
IVT-Inventory Totals
IVT-Inventory Totals
This report gives you
1) the number of items in stock, on order, stock
needed, and special orders needed, with the retail
value of each.
2) It will display the number of items that are not
priced on your inventory, LIFO at Cost, FIFO at
Cost, and/or Ave. Cost at Cost, depending upon
how you have it set in your SYS, Config File,
Change Misc. Configurations, number 2003.
3) The report also gives you the retail value of all
items in stock in each specific department. This is
only for inventory that is in your computer.
IVT-Inventory Totals
This report gives you
4) Department breakdown will include
retail/wholesale dollar amounts on-hand and
on-order, model wholesale and needed
retail. Model wholesale is the dollar amount of
all items, if the on-hand was equal to the
min/max settings. Each department is broken
down into Model A, B, C and other, as set up
in SYS, Config File, Change Misc.
Configurations, numbers 2043 and 2044.
5) Category Breakdown the retail/wholesale dollar
amount on hand, the month-to-date sales,
quarterly sales and total sales for the year.
IVM-Model
• The entry in this field represents the percentage makeup of
inventory by department based on sales dollars. For
example: If the "Model" parameters in SYS, Config. File,
Change Misc. Configurations, numbers 2043 and 2044 have
been set at "80" and "90" consecutively (user determines these
percentages), items in inventory which fall into the range of
80% of sales dollars would be "A" items and items which fall
into the range of 81% to 90% would be "B" items. The
remainder of sold items would be "C" items. Naturally, it would
be important to keep an eye on the more profitable "A" and "B"
items, as opposed to "C" and "D" items, to make sure there is
always an ample supply of primary items in stock. Inventory
makeup might look something like the following:
IVM-Model
• A Represents
– 10% 20% 30% 40% 50% 60% 70% 80%
• B Represents
– 90%
• C Represents
– 100%
• D Represents
– 0%
IVWO-Creating Work Orders
IVWO-Creating Work Orders
• Allows you to examine inventory
for re-ordering purposes
• Using the Model field, is an
excellent way to look at your
fastest movers and put your
dollars there!
IVWO-Creating Work Orders
Single Vendor Work Order
15
IVWO-Creating Work Orders
Multiple Vendor Work Order
16
IVWO-Creating Work Orders
Multiple Vendor Work Order
17
IVWO-Creating Work Orders
Multiple Vendor Work Order
18
IVWO-Creating Work Orders
Multiple Vendor Work Order
19
Training: Inventory Analysis
• Question and Answer
session
Kingdom Retail Solutions
Your one-stop source for
Bookstore Development
and Management
[email protected]
508-265-8666
Fb: Kingdom Retail Solutions