How many of you carefully track loss rates and if your willing to share what is your average loss rate?
Also how do you calculate your loss rate?
In the past 6 years I have used quite a few wholesalers, some better than others. However, over the long term my loss rate remains fairly constant at 15%. This number is counting the # of fish I ordered vs the # of fish sold. The majority of these losses are either DOA's or the occasional bad batch of fish that I order in higher quantities such chromis. For example, I was just sent 20 cb ocellaris that came in with a bacterial infection. 18 of them were down by the next day. Although I am credited for those fish I still count them. Dead is dead right. This also includes the occasional mishap such as a malfunctioning heater that cooked a system overnight, as murphy's law dictates, it was the most heavily stocked tank in my store.
A friend of mine owned a very good shop for some 20+ years and kept careful record of his loss rate in the same manner and it was pretty much the same as mine.
I often here people throw out 5% or less so I am wondering how they are coming up with this number since much of the losses I count are beyond my control.
Also, it might be helpful to know how quickly you are moving stock. I know many shops around me do 20 - 25% off when people buy straight from the bag whereas I always hold fish for at least a day or two before selling them.
Wholesalers feel free to chime in.
Thanks for sharing,
Richard
Also how do you calculate your loss rate?
In the past 6 years I have used quite a few wholesalers, some better than others. However, over the long term my loss rate remains fairly constant at 15%. This number is counting the # of fish I ordered vs the # of fish sold. The majority of these losses are either DOA's or the occasional bad batch of fish that I order in higher quantities such chromis. For example, I was just sent 20 cb ocellaris that came in with a bacterial infection. 18 of them were down by the next day. Although I am credited for those fish I still count them. Dead is dead right. This also includes the occasional mishap such as a malfunctioning heater that cooked a system overnight, as murphy's law dictates, it was the most heavily stocked tank in my store.
A friend of mine owned a very good shop for some 20+ years and kept careful record of his loss rate in the same manner and it was pretty much the same as mine.
I often here people throw out 5% or less so I am wondering how they are coming up with this number since much of the losses I count are beyond my control.
Also, it might be helpful to know how quickly you are moving stock. I know many shops around me do 20 - 25% off when people buy straight from the bag whereas I always hold fish for at least a day or two before selling them.
Wholesalers feel free to chime in.
Thanks for sharing,
Richard