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Know the best feature in all our solutions? Understanding.

Total Technology Solutions. Know the best feature in all our solutions? Understanding. Turnover: Why it’s important and how to improve it!. “A head for your business. A heart for your ministry.”. Turnover. $ 750,000 Annual Sales $ 37,500 Special Orders 5% --------------

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Know the best feature in all our solutions? Understanding.

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  1. Total Technology Solutions Know the best feature in all our solutions?Understanding. Turnover: Why it’s important and how to improve it! “A head for your business. A heart for your ministry.”

  2. Turnover $ 750,000 Annual Sales $ 37,500 Special Orders 5% -------------- $ 712,500 Sales on Inventory .6 Ave.Cost of Goods % -------------- $ 427,500 Sales on Inv. at Cost “A head for your business. A heart for your ministry.”

  3. Required Inventory of $427,500 • Inventory for a 2 Time Turn $ 213,750 • Inventory for a 3 Time Turn $ 142,333 • Inventory for a 4 Time Turn $ 106,875 “A head for your business. A heart for your ministry.”

  4. Benefits • Free up Cash for other store needs • Cut down on the obsolete merchandise • Less Inventory – Less Space – Less Rent • Get current on your A/P – Stop the 18% Int. “A head for your business. A heart for your ministry.”

  5. Just how much is 18 % Interest? Compound out an IRA Contribution for your Grandchild $2,000 at 18 % over 63 years “A head for your business. A heart for your ministry.”

  6. $ 67,543,730 That’s MILLION Folks! No one can afford 18% Interest! “A head for your business. A heart for your ministry.”

  7. Uses the last six months of sales history to determine Min/Max System Config provides (8) different tables for various Department requirements. Items have to have been in stock for at least (6) months to qualify IVHR will lower Min/Max and by option raise Min/Max. Longer sales history provides better predictability (Especially on Books & Bibles) Never brings back discontinued items Sets the Min Max to the last (8) weeks of sales. Won’t lower until after (8) weeks of history Begins raising Min/Max immediately. Shorter sales history window makes the “Weekly” routine more responsive to sales peeks.(Especially on Music) Never brings back discontinued items Use the IVHR to help set/reset the Min/Max settings Monthly Weekly “A head for your business. A heart for your ministry.”

  8. Misc. Configs effecting Min/Max settings • 2001 IVHR to use 3mos instead of 6mos history • 2027 Use weekly table for all new titles • 2028 8 Weeks sales Pct. • 2029-2036 Monthly Tables • 2042 Sales Qtrs before 0 min max 1-9 • 2045 Sales Qtrs before discontinuing • 2046 Bring back 0 min/max items ordered in last 90 days • 2097 Deduct Spl Orders from calculations

  9. System Config. Setting #s 2029-2036 allow the BSMGR user to tailor each of the (8) monthly turnover tables! “A head for your business. A heart for your ministry.”

  10. The Cash Register set up allows the BSMGR user to assign each department to one of the of (10) settings by putting a 0 – 9 in the “Turn” column! “A head for your business. A heart for your ministry.”

  11. Then run run the IVHR…either manually…. “A head for your business. A heart for your ministry.”

  12. Or through the Scheduler “A head for your business. A heart for your ministry.”

  13. Total Technology Solutions Know the best feature in all our solutions?Understanding. Thank you! End of Presentation “A head for your business. A heart for your ministry.”

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