7 Must-Haves for Using Daily Sales Flash Reports

What decisions are driven by your daily sales flash report? First, ask yourself the following:

• How are your sales holding up in the midst of the recession?
• Will you meet budget for the month? If not, what actions can you take to increase sales? More e-mails? Deeper discounts or promotions? Cut expenses?
• Revise your merchandise orders based on sales patterns to reduce out-of-stocks and avoid ending up with too much inventory.

Key Data Points
As for what information should be on your flash report, here are seven must-have data points. (Click on the image below for a sample template.)