Inventory Management Step 7: Increasing Average Transactions

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By now you have calculated average transactions and there is always room for growth. For the purposes of simplicity and lack of complications, insurance programs are not included in this.

You can increase average transactions several ways:

  1. Increase Conversion Rate
  2. Increase Accessories and add on sales
  3. Increase Multiple Pair Sales
  4. Increase by $5.00/per sale
  5. Increase price structure
  6. Increase average product retail price

Any of the above will help you in your inventory turns. The key is to evaluate the above list and put in order by most important what to work on first.

 

 

Claire Goldsmith MidPage