Profit Improvement – Big-Ticket Items – Part 4

Do You Need Profit Improvement For Your Business – Post 4

Would you like to increase your business’s profit? If your answer to the question is YES, then read on.

As mentioned in my previous posts there are various big-ticket items that can be included in your Profit Improvement Plan, the implementation of which can have an immediate impact and positively increase your business’s profit.

This is the fourth in this series of posts covering the big-ticket items that can help make the difference and boost your business’s bottom line:

Gross Margin Analysis

This involves a quick review of your business’s historic and current Gross Margin to identify if it is either:

1. Growing in both dollar and percentage terms – Excellent
2. Growing in dollars but decreasing in percentage terms – Action Required
3. Decreasing in both dollar and percentage terms – Immediate Action Required

If your business falls into either point 2 or 3 above, then Gross Margin Analysis can be carried out to determine what your specific issues are and what can be done to both improve or potentially rectify those issues.  A Gross Margin Analysis will include, but is not limited to, the following reviews:  

1. Product mix
2. Customer mix / movements
3. Productivity
4. Capacity
5. Client Costing and Supplier Pricing
6. Rework
7. Freight In and Out
8. Workforce
9. Processes and Systems
10. Competitors

Easier said than done? Not when you involve Into The Blue NZ Limited. We are not only experts in Gross Margin Analysis but can also identify significant profit improvements from Gross Margin Analysis and Reviews that can be included in your Profit Improvement Plans which we can also develop if required.

And we’re not afraid to put our money where our mouth is because, if you engage us, Into the Blue offers most mature businesses a Zero-Risk policy… No Improvement – No Fees.

For more information please either reply to this post or email profit@intotheblue.co.nz