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Pocket Retailer - Margin Calculator + 13 Micro-Apps

"An absolute must-have for anyone involved in the finances of a retail store

"An absolute must-have for anyone involved in the finances of a retail store

Pocket Retailer - Margin Calculator + 13 Micro-Apps

by Kaelex, Inc.

What is it about?

"An absolute must-have for anyone involved in the finances of a retail store." - Appolicious (5 / 5)

App Details

Version
1.5
Rating
(85)
Size
0Mb
Genre
Business Productivity
Last updated
October 30, 2009
Release date
October 30, 2009
More info

App Store Description

"An absolute must-have for anyone involved in the finances of a retail store." - Appolicious (5 / 5)

#1 Paid Business App (11/25/09 - 11/29/09)

Apple New and Noteworthy App (US Store, 11/24/09 - 12/8/09)

"An absolute must-have for anyone involved in the finances of a retail store. Even for those just interested in learning, each calculation has an info button that explains exactly what the function being performed means." - Appolicious (5 / 5)

"What a time saver! If you have anything to do with the retail world, this is a must have app" - Review (C-Store owner)

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 GMROII, 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 reach your target GMROII

* Analyze your pricing strategy

* Much, much more....

Micro-apps:

* Unit Analysis - Calculate Inventory Turns and GMROII based on Beginning and Ending Inventory, Quantity Sold, Price, and Cost

* Inventory Turns - Calculate Inventory Turns based on Average Inventory

* Average Inventory - Calculate Average Inventory based on Beginning and Ending Inventory

* GMROII - Calculate GMROI based on Gross Profit (Gross Margin) and Average Inventory at Cost

* Price/Cost Analysis - Calculate Gross Profit, Gross Margin %, Cost Markup %, and GMROII Turns based on a Price, Cost, and Target GMROII.

* GMROII Turns - Answer the question, "How many times do I need to sell through my inventory to reach a target RMOII?" Given a Price, Cost, and Target GMROII, calculates how many times you need to turn your inventory to attain a target GMROII.

* Margin Analysis - Extremely flexible margin calculator to help you calculate all components of gross margin. Solve for Price, Cost, or Gross Profit and Gross Margin %. Set a fixed Gross Margin % or Gross Profit and solve for Price or Cost.

* Cost Markup Analysis - Similar to Margin Analysis but uses Cost Markup %.

* Pricer - Use this app to price your product based on target Gross Margin or Cost Markup Percentages and a known cost.

* Negotiator - Use this app to determine the cost you will need to achieve a target Gross Margin or Cost 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 [email protected]

Disclaimer:
AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to [email protected] and your information will be removed.