business information system
TRANSCRIPT
BUSINESS INFORMATION SYSTEM
Space Performance&
PareshJigneshPratikSachin
Discuss & Presented By
Topic
BUSINESS INFORMATION SYSTEM
The Business Information System (BIS) was an online business system developed to record and manage the Organization's business activities, such as business names, agreements, deeds, leases and memoranda of understanding (MOUs).
Key Business Parameters 1.Customer Entry2.Conversion Ratio3.Ticket Size
BUSINESS INFORMATION SYSTEM
Customer EntryEach and every child and adult walking in should be counted.Every individual in a group/family to be counted as a separate entity.Only infant in arms / pram must not be counted as a customer, as it does not have the capability to make purchase decisions
BUSINESS INFORMATION SYSTEM
ConversionPercentage of bills from the customer entered
into the store
=Number of Bills made in a day/ number of customers’ entry*100
Bills= 600Customer entry= 1200
So = 600/1200*100
=50%
BUSINESS INFORMATION SYSTEM
Ticket Size Average bill value
= total sale/number of bills made in a day
Sale = Rs. 5,00,000Bills= 700
= 5,00,000/700
=Rs. 714
BUSINESS INFORMATION SYSTEM
Profit and Loss A profit & loss sheet is a document that
outlines income and expenditures of a business.
Profit Profit is the money a business makes after
accounting for all the expenses. Regardless of whether the business is a couple of kids running a lemonade stand or a publicly traded multinational company, consistently earning profit is every company's goal.
BUSINESS INFORMATION SYSTEM
Loss: At less than the cost of buying, producing, or
maintaining(something): the business ran at a loss for several years
Loss= Total Expenses >Total Revenue
BUSINESS INFORMATION SYSTEM
Site Wise:
BUSINESS INFORMATION SYSTEM
Exception reports Set Margin ReportNegative Margin ReportStock Out/ Aging reportFill Rate ReportHuman Resource( Attendance )
SPACE PERFORMANCE
Meaning:How the space is utilized for display or stock
products. How the space is important to retailer?
Retail SpaceStorage SpaceMovement Space
Types
SPACE PERFORMANCE
Significance
Display merchandise for saleStock merchandise at BackendNew Product IntroductionProviding space to product as per the
movement
SPACE PERFORMANCE
LimitationsMore Products should be displayed in limited space Gondola Product Shape & SizeInfrastructure
SPACE PERFORMANCE
Measuring Tools
Sales per Square FootStock per square footOccupancy cost/ Square foot selling spaceGross Margin return on Floor space (GMROF)
SALES PER SQUARE FOOT
= Net Sales / Square feet of selling space E.g. Net Sales = 7,40,000 Retail Space = 35,000 Sq. Ft.
= 7,40,000/35,000
= Rs. 21.14
STOCK PER SQUARE FOOT
Use of space involving different product lines or compares performance of different departments or stores sing common standard
= Net Stock / Square feet of selling space
E.g. Net Stock Value= Rs. 2,35,00,000 Retail Space = 65,000 Sq. Ft.
=2,35,00,000/65,000
= Rs. 361
OCCUPANCY COST/ SQUARE FOOT SELLING SPACE
Measure of comparing performance of units at different locations= Occupancy Cost / Square feet of selling
spaceE.g. Occupancy Cost =10,00,000 Per Month
Retail Space =30,000
= 33.33 Rs. Per Sqft.
GROSS MARGIN RETURN ON FLOOR SPACE (GMROF)
Gross profit per linear foot of shelf space which is annual gross profit divided by the total linear footage devoted to the product category.
= Gross Margin / Total linear footage devoted to a product category or entire store