I am running Retail Super Market and want to reduce our cost ,kindly guide me with your ideas and views.?

Answer 1

Well, i can tell you to get a better negotiater with your suppliers. Tell them u are looking for lower prices and that u have to cut costs and they will usually want to keep your business. I would also look for items that don't sell and elimnate or reduce the inventory.. Most Super Retailers, like Super K's Super Wall-marts, Farmers and Bush's all are in business to stay for the most part. I would also evaluate the hours and do a Cost Benefit Analysis. For example, u might want to close at 10pm on Sunday instead of staying open 24 hours.. Monitor the Sales at the slowest times and cut the staff to a minimum.

Best of luck.

Answer 2

studies show that for every 6 seconds of speed through checkouts, sales go up 12%. If you are averaging 20% mark up, (unlikely- it will be higher) you will see profit, depending on how much salary you pay. No one wants to be in line, and they come back for fast service.