As Temperatures Drop So Can Profits!

As Temperatures Drop So Can Profits! As Temperatures Drop So Can Profits!

As Temperatures Drop So Can Profits!

Convenience and petroleum stores face a significant increase in shrink during the last two months of the year. Some reasons are

  • more vendor deliveries,
  • holiday-related aberrations from standard operating procedures,
  • more business,
  • more cash to count, and
  • more paperwork.

Read more…


Snapshot Indicators of C-Store Shrink

Snapshot Indicators of C-Store Shrink Snapshot Indicators of C-Store Shrink

Snapshot Indicators of C-Store Shrink

When Quantum Services auditors walk into your convenience store, they take a mental snapshot. The things they notice often indicate the way the store is managed.

You, too, can learn to take mental snapshots of your stores. What you see will help guide you in making decisions about the overall operational quality of the store.

Read more…


Tips for C-Store Managers: Shrink Tips – Part 1

Tips for C-Store Managers: Shrink Tips – Part 1 Tips for C-Store Managers: Shrink Tips – Part 1

Tips for C-Store Managers: Shrink Tips – Part 1

As a Manager of a convenience store, you have many responsibilities, including, keeping your store profitable. Yet, our research shows many store managers have not been trained in easy and effective ways to increase store profits by reducing shrink. In this Profit and Performance Impact you’ll find two areas that stunned experienced and rookie managers about how they are losing money. And, you’ll read what they are doing about it.

Read more…


Tips for C-Store Managers: Shrink Tips – Part 2

Tips for C-Store Managers: Shrink Tips – Part 2 Tips for C-Store Managers: Shrink Tips – Part 2

Tips for C-Store Managers: Shrink Tips – Part 2

There is a lot to know about running a c-store! And no one can know everything, including c-store managers. Keeping stores profitable and customers happy, while minimizing shrink, is a constant battle.

Read more…


Cigarette Price Hikes Prompt Hidden Theft

Cigarette Price Hikes Prompt Hidden Theft Cigarette Price Hikes Prompt Hidden Theft

Cigarette Price Hikes Prompt Hidden Theft

Large increases in cigarette prices provide opportunity for dishonest store managers to steal thousands of dollars.

Read more..


Audit Service Key Indicators: Taking Measure of Shrink Measurement

Audit Service Key Indicators: Taking Measure of Shrink Measurement Audit Service Key Indicators: Taking Measure of Shrink Measurement

Audit Service Key Indicators: Taking Measure of Shrink Measurement

Ensuring that shrink measurement and shrink control programs operate at peak levels is an ongoing process. One way to give these initiatives a significant boost is to measure the service provided by your inventory audit team.

Read more…


Gasoline Drive-Offs Explode

Gasoline Drive-Offs Explode Gasoline Drive-Offs Explode

Gasoline Drive-Offs Explode

A number of C-stores with fuel service have noted an alarming increase in run-offs and drive-offs.

Most drive-offs are people who either don’t have the money to pay for fuel, or who steal for thrills. Gas thefts usually occur when the fueling area and/or the inside store are busier than usual.

Read more…


Audit Frequency — Finding the Perfect Mix

Audit Frequency — Finding the Perfect Mix Audit Frequency — Finding the Perfect Mix

Audit Frequency — Finding the Perfect Mix

Every week? Every month? Every 60 days? Quarterly? Inventory audit frequencies jump back and forth a lot these days – usually as ongoing experiments in expense control. Some c-stores are even trying to find out if using computer-modeled formulas can predict which stores will experience higher shrink, and thus need more frequent audits.

Read more…