Pocket Retailer
Category: Business
Released: Oct 30, 2009
Price: $0.99
Description:
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Low introductory price!
Do you run a retail store? Work for one? Learning about retail? Looking into starting a retail store? Pocket Retailer is for you.
Pocket Retailer is a collection of 14 micro-apps designed to help you optimize and better understand your retail operation. We believe that understanding retail math and being able to make quick, accurate calculations is key to increasing your bottom line by stocking the right amount of product at the right price.
Use Pocket Retailer to:
* Calculate GMROI, Turns, Markup, and more
* Become more familiar with common retail formulas used by retailers of all sizes
* Determine how many times you have to turn your inventory to break even
* Analyze your pricing strategy
* Much, much more….
Micro-apps:
* Inventory Analysis – Calculate Inventory Turns and GMROI based on Average Inventory, Sales, Price, and Cost
* Inventory Turns – Calculate Inventory Turns based on Average Inventory
* Average Inventory – Calculate Average Inventory based on Beginning and Ending Inventory
* GMROI – Calculate GMROI based on Gross Profit (Gross Margin) and Average Inventory at Cost
* Price/Cost Analysis – Calculate Gross Profit Percentage, Markup Percentage, Markup, and Break Even Turns based on a Price and Cost.
* Break Even Turns – Answer the question, “How many times do I need to sell through my inventory to break even?” Given a Price and Cost, calculates how many times you need to turn your inventory to attain a GMROI of 1.00
* Gross Profit Percentage – Calculates Gross Profit Percentage based on Price and Cost
* Markup Percentage – Calculates Markup Percentage based on Price and Cost
* Pricer – Use this app to price your product based on target Gross Profit or Markup Percentages and a known cost.
* Negotiator – Use this app to determine the cost you will need to achieve a target Gross Profit or Markup Percentage based on a known retail
* Sale Price – Calculate a Sale Price based on a Regular Price and Discount Percentage
* Sale Price Percentage – Calculate a Sale Price Percentage based on a Regular Price and Sale Price
* Open To Buy – Calculate your Open To Buy and determine how much cash is needed to meet your goals
* Formula Definitions – A brief dictionary containing definitions and mathematical formulas for the most common retail math terms
Let us know how we can improve this app and make your life easier! Go to www.retailevolved.com or e-mail feedback and questions to feedback@retailevolved.com.
Download on iTunes:
