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C. STORE OPERATIONS:
D. STORE OPERATIONS:
INVENTORY MANAGEMENT The goal of successful Inventory Management is to have the right product, in the right quantity, at the right price and at the time your customer needs it. The entire litany of processes and procedures required to achieve this goal are fully documented in the Ace Way of Retailing operations under Inventory Management. • Forecasting and Replenishment – Use your Eagle for Windows system to bring inventory levels in line with anticipated demand and automatically generate accurate orders. • Receiving and Put-Away – Reduce the amount of task time associated with weekly RSC deliveries. • Maintaining Inventory Accuracy – Increase accuracy and efficiencies following systematic processes. • Preserve In-Stock Position – Use weekly reports and associated procedures to determine which products to retain based on customer demand. In addition, Ace’s exclusive methodology for measuring and maintaining inventory accuracy, Mango Report, is integrated into your daily processes and procedures, guiding you in the most efficient and effective manner.
FINANCIAL MANAGEMENT The goal of Financial Management is to assist Ace retailers in optimizing their bottom-line profitability to strengthen the business and foster successful growth. The Ace Way of Retailing best practices help the owner and back office team ensure proper financial controls exist to safeguard the store assets. Inventory management reconciliation, statement processing, and budgeting and cash flow tools form the solid foundation of the store model to support continued success. Ace partners with Wipfli CPAs and Consultants to provide world-class financial accounting services, handle the store’s financial reporting needs and prepare accurate, timely financial statements. The integrated solutions provided by Wipfli, which streamline and drive financial awareness to make the store model financially stable, are second to none. E. STORE OPERATIONS: MARKETING AND PROMOTIONS The goal of Marketing and Promotions is to ensure Ace retailers are prepared to support all promotions, including National/Local Events and Ace Rewards, with documented processes related to ordering, execution and reporting.
F. STORE OPERATIONS: LOSS PREVENTION, STORE ENVIRONMENT
The Ace Way of Retailing contains a complete Loss Prevention Guide, along with the metrics, measurements, processes and procedures needed to ensure our Ace retailers can build a successful store layout.
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