fbpx [vc_row][vc_column][vc_column_text]Measuring success is part of our culture; it is the way we have been programmed. In grade school, our learning is measured by grades. In college, our success in mastering a specialty is measured by being awarded a degree and the honors associated with it. In the work place, our performance is measured by performance reviews and (hopefully) a raise. The same should be true when evaluating how we are performing as a store. In order to deploy the right buying, selling, and management strategies, we have to understand what is working and what isn’t. We can’t make decisions based on our gut or because that is the way it has always been done. With new competitors opening and others going out of business every year, we have to be smarter and faster in our decision making. Using data can be a powerful way to make important decisions for your business. The data you need to do this is stored in RICS and utilizing the right reports will help you gather and analyze the right information. To help you get started, here are some common reports and alternative ways to look at some of the data in each:

Sales Analysis Report

Best Sellers Report

Salesperson Analysis

Of course these examples aren’t the only reports in RICS that are useful. And the above data points aren’t the only ones you can analyze in the three reports mentioned above. But hopefully this gives you some examples of ways you can measure the performance of your store and make informed decisions. If you need additional help with reports or what data can be extracted from them, please contact the Support Team at help@ricssoftware.com[/vc_column_text][/vc_column][/vc_row]