Total Operations Audit (TOA)
Our team evaluates operational successes and opportunities via our Total Operations Audit. This comprehensive audit will outline each area of the unit from hiring and retention to cost control to training. The audit is performed over the course of two days, generally a Tuesday and a Thursday. This provides the auditor with a snapshot of the total operation and how it performs during the peak and off peak times. It also affords the auditor to spend time with the entire team (management and hourly). This interaction gives IRC. a fuller understanding of your complete operation. Once the audit is complete, a written report will be created within 2 weeks. After such time we will meet and review the audit in it’s entirety.
In order to complete the audit, we will spend 2 days in the unit and then the remaining time at our offices to analyze the collected data. The report that you will receive will outline each area of observation, our findings and recommended measures to take in order to improve or strengthen that particular area.
Total Financial Analysis (TFA)
Our Total Financial Analysis is designed to establish the reasons behind your success as well as areas of opportunity.
Through our TFA, we will review your profit and loss statement and the supporting material to identify the accuracy of these numbers and the true impact they are having on your business.
The key areas we will focus on are:
- Revenue – Gross vs. Net
- Cost of Goods Sold (COGS)
- Labor Cost
- Operating Expenses
- Occupancy Costs
- Store Contribution
After a complete analysis is performed, we will provide you with a detailed report that will outline each area of observation, our findings and recommended measures to take in order to improve or strengthen that particular area.