CASE STUDIES

Union Tattoo Supply

The Problem

The client’s main issue was inventory management. With multiple locations carrying stock, they had little to no visibility at the item level of what was in stock and what items were truly making up the sales. They needed a tactical approach to inventory management and Incentive Planning for their sales team.

The Solution

We implemented a full inventory management strategy to forecast needs, analyze on hand stock, and manage cost across four locations.

1

The Discovery

The client’s main issue was inventory management. With multiple locations carrying stock, they had little to no visibility at the item level of what was in stock and what items were truly making up the sales.  They needed a tactical approach to inventory management and Incentive Planning for their sales team.

2

The Work

  • Financial plans set
  • Understanding of Breakeven/Profit Points
  • Custom tools built for purchasing practice
  • Inventory Control Process established with weely location cycle counts
  • Full set up of Square for Retail
  • Incentive structure built for sales team
  • Full Margin review on all product SKUs
3

The Results

  • Safe/Reorder levels set for all inventory products and weekly purchasing process established
  • P2P practice implemented with structured weekly sales and Finance Meetings
  • GP Margin increase from 28% to 40%
1

The Deep Dive

Our Deep dive revealed several large opportunities including establishing financial plans, correcting inventory & purchasing process, and implementing a weekly P2P check in with established performance and financial metrics.

2

The Work

  • Financial plans set
  • Retail/Service pricing validated
  • Understanding of Breakeven/Profit Points
  • Staff Compensation structure aligned with Breakeven Point
  • Inventory Control Process established and Weekly Purchasing systemetized
  • Key Retail Metrics established for tracking
3

The Results

  • Retail % increased from 9% to 16%.
  • Inventory process implemented
  • Reorder levels set for all inventory products and weekly purchasing practice established
  • Retail Pricing analyzed and corrected to cover expenses and ensure proper margin contribution from each sale. ($9k additional gross profit through year one)
4

Ongoing Support From Nercher

  • Financial Planning and Goal Setting
  • Weekly expense Review
  • Decision support and Financial validation
  • Pop up Inventory Audits
  • Monthly Financial Meeting
  • Bookkeeping Services
  • Nercher Quick View Dashboard
>99%
Inventory Accuracy
40%
Profit Margin
(up from 28%)
+$13k
Monthly Gross Profits
  • The Deep Dive
  • The Big 3 Blueprint

The Client

“Nercher is amazing! Jake is a great guy with a ton of knowledge. My business was fighting with rocks and sticks, Nercher gave us nuclear weapons! Jake’s custom designed inventory system gave us the ability to see every mistake we didn’t even know we were making. Nercher has given us the ability to accomplish more than I thought possible.”

Chad O.

Owner
Union Tattoo Supply