What is ERIC ?

ERIC will measure your business performance against Industry expectations?

1) Select the Industry category that best matches your business

2) Enter your weekly sales value for each department category of your operation
You will now find that ERIC has calculated your expected contribution to profit (Gross Profit) based upon Industry best practice.

3) Now enter your operation’s actual figure against this calculation ERIC will now display a percentage that is under or over 100%. Obviously if the figure is over 100% you are on the money for sales performance, but anything less and there’s work to be done.

4) Now enter your operation’s actual labour figure against ERIC’s

5) Now enter your operation’s actual overhead figure against ERIC’s. ERIC gives you two expense indicators, labour and overheads. When you enter your actual figures he will once again display a percentage that is under or over 100%. On these occasions when the percentage is below 100% you are doing well, but anything over 100% demonstrates that you are off the pace and need to investigate why. ERIC will also display a predictable efficient weekly profit from your entries with an annualised calculation of the amount.

6) Now enter your operational profit from your annual financials. You now have a measured analysis that estimates the efficiency of your business.

What is ERIC ?

If you require some remedial action why not contact us and examine the many ways in which we can help you to attain greater efficiency.