Category: Retail
4 Inventory Metrics You Must Track In Your Inventory management System
Staying accustomed to the key performance indicators of your company is very important. It lets you know how your company is doing. For most business owners, the focus is in creating new or more products and they ignore some of the most important metrics altogether. If you have been doing […]
Must Know Inventory Management Terms For Your E-commerce Business
Many traditional retail businesses are jumping onto ecommerce. This is because of the many opportunities this option offers. The problem is that the majority of these businesses are not giving inventory management the attention it deserves. In the ecommerce business, inventory management is a very important term. It is the […]
Omni-channel marketing For Your Retail Business
Establishing an omnichannel marketing strategy is quite important in the current market. Statistics show that 20% of consumers use their mobile devices to find or redeem coupons and even lookup product information while in the physical stores. Statistics further show that consumers are more likely to make a purchase when […]
Inventory Management Software: 5 Basic Functions
Accurate inventory management is important for the success of your business. The problem is managing your inventory often feels like you are walking on eggshells. Not having adequate inventory usually means you might lose sales whereas having too much inventory is too expensive for your business. Efficient inventory management software […]
Product Information management System: What is it and Why is it Important?
What is PIM? Today various ecommerce sites, other online channels and mobile search are where consumers head to when searching for information on products. According to Retail dive, more than 65% of consumers conduct online product research before stepping foot in a store.
Inventory Management Software for Retail: Top 10 Benefits
When it comes to the retail business, proper inventory management is the key to keeping your business from going under. The problem is that keeping track of inventory is one of the most difficult things you can do. On a daily basis, you get to deal with sales, new receipts, […]
Inventory Management Software: 10 Things To Know Before Buying
Finding the inventory management software that suits your organization’s needs can be a task. There are so many systems out there that you have to pick from and not all of them will deliver what they claim. As a result of this, there are many questions you need to ask […]
Understanding Elements Of A Retail Voucher
A Retail voucher or coupon has three core elements namely; value/advantage, expiry date and conditions Value or advantage A good voucher will give the consumer a good value that entices him or her to use it. The value is often a discount or cash reward. If you have your consumers shopping data, you […]
Benefits Of Voucher & Gift Card System For Small Business
People love to save money regardless of how small the saving is. This is one of the reasons why vouchers have gained immense popularity across the globe. Shoppers use shopping coupons, gift cards and online voucher codes on a regular basis to save a few bucks. Retailers have noticed the […]
Basic Types Of Retail Vouchers To Help Grow Your Sales
Read the article or watch the video at the end When it comes to the search for a voucher management system, it is paramount that you begin by understanding the two basic types of retail vouchers. This is crucial because understanding what you will be using the vouchers for is […]