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Trouble is you can't just look at wastage on it's own. Every thing you do is related and everything points to your bottom line. It's how all of those things work together, much like players in a football team that can make the difference between profit or loss.
As an example, say you spend 300.00 on stock, double your money and have no waste. Your return is 600.00. Pay the vatman and you're left with 511.00. Pay for stock and you've got 211.00 left
another day, you spend 500.00 on stock, you dump 10% of it. You double your money on 450.00 = 900.00. You pay the vat and you're left with 766.00. Pay for your stock and you've got 266.00 left.
So on that occasion, you've had a load more waste but your bottom line is better off. Or is it? If you've had to increase staff hours to cope with the extra work, you may be worse off. If you're delivering stuff at a technical loss, you'll also be worse off.
On the other hand, if you have staff with time on their hands and you're trying to build up trade, it may be what you need to boost interest in your shop.
The comparison assumes that you don't lower your prices in order to sell more. You just create more of an impact with your display and go for the impulse buys.
If only it where that simple eh?
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