For example, if your revenue is within expectations but your shop's profit and margin are not, you could consider raising the prices of your items and services or negotiating the cost of your items with your vendors. The Revenue KPI doesn't include taxes.Īs an owner, you can think of your revenue as a yardstick you can compare your other KPIs with, namely Profit and Margin. By doing so, you'll paint a more accurate picture of your shop's success. The amount of money your shop generated from selling its items and services. The main purpose of displaying these KPIs, however, is to engender questions about your shop's performance and spark further exploration into how you and your employees can improve it. To help you get a general understanding of each KPI, we've defined them, included examples for context and suggested possible actions to take depending on their values. The Quick Stats display six key performance indicators (KPIs): The Quick Stats help you and your employees evaluate the performance of your shop during the course of a business day. If you have multiple shops, the Shop Selector determines which shop's data is reflected on Home. It does so by giving you a high-level view of your shop's data with the use of its two features: The purpose of the Header section is to help you find your bearings on what Home is currently displaying. To see profits and margins in Home (or in Reports), the user will also need the Inventory - Product Cost permission. As with the Reports section of Retail, this will grant them access to Home, but will not allow them to see any reference to profits or margins.
LIGHTSPEED RETAIL SOFTWARE
You can check out this Lightspeed Retail review for more details on what the software can offer you.NOTE: To access Home, a user needs to have the Reports employee permission enabled on their employee role. Plus, you can get additional hardware such as cash drawers, receipt printers, and barcode scanners to boost the infrastructure of your retail business.
LIGHTSPEED RETAIL MAC
Lightspeed Retail can run on any Mac or iOS device. This POS provider is one of the leaders in its market, so it’s hard to find Lightspeed alternatives. The app also provides customizing options companies can personalize the way they capture and track data which can help them make intelligent decisions and look at their business from new angles. Lightspeed Onsite enables you to collect customer information and profile them accordingly. Switching from management to sales is seamless and easy. Key features include product creation, appointment scheduling, and time-billing capabilities. The app provides you the features you need to assist your customers in every step of the sales cycle.
One of the benefits we consistently note in our Lightspeed Retail reviews is that its Onsite offers all the tools necessary to perform POS operations including quoting, invoicing, and ordering.
You can generate customizable detailed data reports and high-level sales reports to get valuable information and insights based on which you can make smart business decisions. Lightspeed Retail makes inventory management processes simpler and faster, from purchasing goods to moving products to monitoring stock and more. The main benefits of Lightspeed Retail are it simplifies inventory management, generates insightful reports, provides essential POS tools, and seamless management system.
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