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Turnover is a key indicator for assessing a store's profitability, which is why it needs to be monitored continuously.

Where can I find data to estimate product turnover?
Sources of information for the analysis of retail turnover of goods:

planned indicators;

reporting forms;

accounting documentation;

primary information and other sources.

The main primary documents romania email list that play an important role are the financial and commodity liability reports. These reports must be accompanied by documents certifying the transfer of commodity revenue, as well as the expenses incurred due to this revenue.

What methods are used to analyze product turnover?
When studying the dynamics of retail trade, both standard approaches (methods for calculating absolute and relative values, using indices, comparison methods, grouping, chain analysis, balancing) and mathematical methods (correlation and regression analysis, programming methods for diagnostics, etc.) are used.

What can be done to increase trade turnover?
Although profit is not directly related to turnover, these indicators are interrelated, and an increase in the first leads to an increase in the second. The following methods of encouraging turnover should be considered:

increase the volume of purchases and sales;

request deferred payments from suppliers. This will significantly speed up the turnover of funds without unnecessary expenses. However, this will only work in the short term: in the end, the money will still have to be returned;

Attracting more customers also proves its effectiveness. The more goods are sold during the reporting period, the higher the turnover;

optimize pricing strategy to stimulate sales;

use marketing methods: hold promotions and sales, work with loyalty programs.

In addition, product turnover helps to optimize the range of goods and reduce costs.