![]() ![]() What’s the spreadsheet for? Vend’s Excel inventory and sales template helps you stay on top of your inventory and sales by putting vital retail data at your fingertips. We compiled some of the most important metrics that you should track in your retail business, and put them into easy-to-use spreadsheets that automatically calculate metrics such as GMROI, conversion rate, stock turn, margins, and more. No need to manually do the math; Vend’s retail workbook crunches the numbers for you, so you can focus on gaining insights and growing your business. Who should download it? This template is for retailers who are using manual and cumbersome systems (i.e. Pen and paper) in their business. If you’re still recording inventory and sales by hand and you’re looking for a faster and easier way to stay on top of your stock control and sales, this resource is for you. What formulas and metrics does it cover? Here’s a list of the metrics and formulas that we cover in this workbook along with descriptions on why they’re important. Average inventory This metric measures the average of your beginning and ending inventory. It gives you an estimate of the average inventory amount for a particular period. Average Inventory = (Current Inventory + Previous Inventory) / 2 Cost of Goods Sold (COGS) COGS is the total of all costs associated with creating goods that have been sold. It tells you how much your expenses are every time you make a sale, and it’s often used to determine pricing. COGS = Beginning Inventory + Purchases - Ending Inventory Gross Margin This is your total revenue (equivalent to total sales) minus the cost of goods sold. It’s how much you make after deducting the costs of creating and selling your products. Gross Margin = Sales - COGS Inventory Turnover Rate Also known as stock turn, inventory turnover is the number of times stock is sold through or used in a given time period.
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March 2018
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