HRG helps maximize FE profitability via Benchmark Performance Analysis report update
Hamacher Resource Group, operating out of Waukesha, Wis., on Tuesday announced the update of its Benchmark Perfomance Analysis report, which is available for community pharmacies that subscribe to the company’s TEMPS Category Manager program.
“The recent updates to Benchmark will make it even easier for stores to get the most out of it. It’s simple to follow and implement, combining data and analytics in each section to highlight important points and actions specific to the store," stated Tom Boyer, director of national accounts and member of the owners group at HRG. "With a quick scan, stores will see high-performing items they aren’t stocking, under-performing products that aren’t selling as they should and potential reasons why along with category productivity against historical performance.”
Benchmark provides independent pharmacies an easy-to-read report on the performance of their front-end categories and specific items in their assortment to help them refine their inventory and maximize sales.
Improving front-end profitability is critical as prescription margins continue to decline. Designed to benefit busy store owners, front-end managers and pharmacists, Benchmark is a tool that identifies how individual products are impacting sales and profit and provides a summary of actions that can be taken to improve the profitability of the front-of-store. The report is driven by HRG’s exclusive Never Outs items, which are products that contribute up to 50% of sales in their respective categories.
Benchmark Performance Analysis reports are published twice annually and cover department productivity, new purchases, non-achievers, under-achievers and private label purchases. The report is a true benchmark for stores because it includes comparisons in each section to like stores with similar categories and total sales nationwide.