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Why counting more often is important in having the stock control?

Counting more often is important for having better stock control for several reasons:

  • Real-Time Accuracy

Frequent stock counts provide more up-to-date and accurate information about your inventory levels. This real-time data helps you make informed decisions about stock replenishment and ensures that your recorded stock levels align with the physical stock on hand.

  • Early Detection of Issues

Regular stock counts allow you to identify discrepancies or issues in your inventory management sooner rather than later. This enables you to take corrective action promptly and prevent potential stock-outs or overstock situations.

  • Reduced Disruptions

Frequent and smaller-scale stock counts (such as cycle counting) cause fewer disruptions to your daily operations compared to infrequent full stocktake. This minimizes the need to shut down your business for extended periods for inventory checks.

  • Improved Loss Prevention

Regular stock checks help identify inventory shrinkage due to theft, damage, or other factors. By catching these losses early, you can implement measures to reduce losses and improve security.

  • Optimized Reordering

Frequent stock counts provide more data points for demand forecasting, enabling you to optimize your reordering process. This helps you maintain optimal stock levels and avoid stock-outs or overstocking.

  • Enhanced Stock Accuracy

The more frequently you count your inventory, the less time there is for discrepancies to accumulate. Regular stock counts help maintain higher levels of stock accuracy and reduce the chances of significant errors.

  • Cyclical Nature of Inventory

Some items may have higher sales volumes during specific periods (seasonal products or promotions). More frequent stock counts help you adjust stock levels to meet changing demand.

  • Customer Satisfaction

Better stock control resulting from frequent counting ensures that you can consistently fulfill customer orders promptly, leading to higher customer satisfaction and loyalty.

  • Compliance and Auditing

Regular stock counts help ensure compliance with regulations and facilitate smoother auditing processes, especially if you need to provide accurate and up-to-date inventory records.

Incorporating frequent stock counts into your stock control practices helps you maintain better control over your inventory, reduce the risk of stock-related issues, and improve the overall efficiency and profitability of your business.

It’s no longer “should I count?”
It’s “can I afford not to count?”

At Altavant, as one and only official partner of DATASCAN in all over GCC and Europe, we help retailers achieve stock accuracy by counting more frequently. Don’t let a lack of employees slow down or limit your inventory counts. Now, you can experience the effortless stock take with our supplemental staffing. Get in touch with us to learn more.

Industry-recommended approaches to achieve better stock control outcomes

Achieving better stock control outcomes is essential for your businesses across various industries to maintain optimal inventory levels, minimize costs, and provide excellent customer service. Here are some industry-recommended approaches to improve stock control that Datascan can help with:

  • Implement Inventory Management Software

Utilize inventory management software tailored to your industry and business size. With Datascan, you can automate stock tracking, provide real-time visibility, and streamline inventory-related processes.

  • Adopt Just-in-Time (JIT) Inventory

Implement JIT inventory principles to minimize holding costs and improve inventory turnover. Stock is ordered or produced only when needed, reducing excess inventory.

  • Apply ABC Analysis

Classify inventory items based on their value and demand. Focus on managing high-value and high-demand items more closely while applying different control measures to each category.

  • Use Barcode and RFID Technology

Integrate barcode or RFID technology for accurate and efficient stock tracking, reducing manual errors during stocktaking and order processing and thus, giving real-time visibility.

  • Conduct Regular Stocktaking and Cycle Counting

Regularly verify and reconcile inventory levels through stocktaking or cycle counting to maintain accurate stock records.

  • Leverage Technology Integration

Integrate inventory management software with other business systems like point-of-sale (POS), accounting, and e-commerce platforms for seamless data flow and accurate stock updates.

  • Train and Empower Employees

Datascan provides training to staff involved in stock control to ensure they understand the importance of accuracy and efficiency in managing inventory.

Monitor your inventory-tracking progress from anywhere with user-friendly analytics display

With the world’s easiest-to-use barcode and RFID inventory counting solution provided by DATASCAN, you can significantly improve your stock accuracy, leading to more efficient stock control system, reduced costs, and better decision-making capabilities.

At Altavant, as one and only official partner of DATASCAN in all over GCC and Europe, we help retailers achieve stock control by providing full suite of services from equipment to staffing. Now, the effortless stock take with real-time visibility is in your hand. Get in touch with us to learn more.

How can DATASCAN help businesses achieve stock accuracy?

Stock take does not have to be complicated anymore. Through DATASCAN’S, technologies, and services with our specialized expertise, here are several ways we can contribute to improving your stock accuracy:

  • Professional Stocktaking Services

DATASCAN employs trained and experienced staff who are skilled in conducting accurate physical inventory counts. Our expertise ensures that stock counts are done thoroughly and efficiently, reducing the chances of errors and discrepancies.

  • Advanced Technologies

DATASCAN often utilizes advanced technologies such as RFID, or barcode scanners, to streamline the stocktaking process. These technologies enable faster and more accurate data capture, minimizing manual intervention and human errors.

  • Data Validation and Auditing

DATASCAN performs data validation and auditing to identify and rectify discrepancies between physical stock and recorded inventory levels. Through rigorous auditing, you are ensured that stock records align with actual stock on hand.

  • Real-Time Monitoring

DATASCAN offers continuous stock monitoring solutions that use sensors or smart shelves. These technologies provide real-time updates on inventory movement, helping businesses maintain accurate stock levels at all times.

  • Inventory Management Software

DATASCAN also provides inventory management software that integrates with your existing systems. Such software offers features like real-time reporting, demand forecasting, and automated stock reconciliation, contributing to improved stock accuracy.

  • NOS-BOS Situations

DATASCAN allows you to receive alerts and reports if one item has been seen in BOH (back of house) and is not on the display area.

  • Data Analysis and Insights

By analyzing stock data, DATASCAN provides valuable insights into inventory patterns, sales trends, and areas for optimization. These insights support data-driven decision-making and strategic planning. It also allows you to be in anticipation instead of reaction, thanks to the predictive analysis with DATASCAN’s embedded AI algorithms.

  • Process Improvement

DATASCAN can evaluate your existing stock control processes and recommend improvements. This may involve suggesting changes to inventory management practices or implementing technology-driven solutions for enhanced accuracy.

  • Expert Advice and Training

DATASCAN can offer expert advice and training to your staff on best practices for stock management and accurate counting techniques. This empowers the business to maintain stock accuracy in the long term.

  • Periodic Stock Audits

DATASCAN can conduct periodic audits to assess the effectiveness of the business’s stock management practices and ensure ongoing accuracy.

Say GOODBYE to one-size-fits-all inventory solutions.

We tailor solutions that meet your unique requirements. By leveraging the expertise and solutions provided by DATASCAN, you can significantly improve your stock accuracy, leading to more efficient operations, enhanced customer satisfaction, reduced costs, and better decision-making capabilities.

At Altavant, as one and only official partner of DATASCAN in all over GCC and Europe, we help retailers achieve stock accuracy by counting more frequently. Now, you can experience the effortless stock take with real-time visibility. Get in touch with us to learn more.

How can stock accuracy control the businesses?

Here are some ways stock accuracy can influence and control businesses:

  • Improved Inventory Management

Accurate stock levels help your businesses maintain the right balance between supply and demand. By knowing exactly what is in stock, you can not only avoid overstock situations (which ties up your capital and leads to potential losses due to unsold products), but also prevent stock-outs (which can result in lost sales and dissatisfied customers).

  • Enhanced Customer Satisfaction

With accurate stock information, you can fulfill customer orders promptly and accurately. This reduces the chances of backorders or cancellations due to items being out of stock, leading to increased customer satisfaction and loyalty. Being unable to fulfill customer orders eventually turned out to be the untraceable reason of the high churn rate.

  • Efficient Replenishment

Accurate stock data enables you to identify when inventory levels are low and trigger timely reordering. When you don’t have the same action plan for positive or negative discrepancies, automated systems can streamline this process. Ensuring your businesses that the right products are replenished at the right time, preventing the risk of stock-outs or overstocks.

  • Cost Savings

Maintaining accurate stock levels can help you optimize your inventory carrying costs. By avoiding excessive inventory, you can free up capital and reduce warehousing and holding costs associated with excess stock.

  • Effective Supply Chain Management

Accurate stock data is crucial for supply chain partners to coordinate effectively. This accuracy facilitates smoother and more efficient inventory transfers between different stages of the supply chain, reducing delays and potential disruptions.

  • Reduced Shrinkage and Theft

Stock accuracy can help identify discrepancies between recorded inventory levels and physical counts. By regularly reconciling these differences, you can detect and mitigate theft or other forms of inventory shrinkage at an early age.

  • Data-Driven Decision Making

Accurate stock data provides valuable insights for you to make data-driven decisions. It helps identify popular products, slow-moving items, and seasonal demand patterns, enabling better strategic planning and improved product assortment.

  • Optimized Warehouse Operations

Knowing the exact stock levels in a warehouse can streamline picking, packing, and shipping processes. This leads to reduced fulfillment times, improved order accuracy, and overall warehouse efficiency.

  • Compliance and Audit Purposes

For regulatory compliance and auditing purposes, accurate stock records are essential. This ensures the reliability of the count which can demonstrate proper inventory control and financial accuracy.

  • Positive Impact on Profitability

Ultimately, stock accuracy can positively impact your business’s bottom line. It leads to increased sales through improved customer satisfaction, reduced costs through better inventory management, and more efficient operations overall.

Stock Accuracy is a critical factor in achieving efficiency.

Overall, various aspects of operations, customer satisfaction, and financial performance mainly depend on how accurate you can manage and control your stock movements. Maintaining accurate stock levels means gaining a competitive advantage.

At Altavant, we help retailers create unique stock take experiences with real-time visibility and data-driven decisions. Get in touch with us to learn more.

Inventory Counting | In-House or Outsourced?

Whether you conduct your own stocktaking in-house or you choose to outsource, you should always be looking at ways to improve your stocktaking to speed up the process. Although be sure that the accuracy is still precise so nothing is counted incorrectly, don’t cut corners!

There are always arguments for and against both methods. It really boils down to what you’re more comfortable with and how you’d like your stock to be managed. We discuss a few solutions to make either method, less of a headache.

Stocktaking In-House

You may already be comfortable conducting your stocktaking in-house, simply because you know your own products, you know your staff and can do this wherever, whenever and whichever methods you want. You’re only relying on yourself and your staff, so you know if there’s a problem it’s down to yourselves to fix it, by giving you full control.

One of the biggest negatives to conducting your stocktaking in-house is how long it takes. This might be down to your current stocktaking method, such as using pens, paper & Excel. You also need to train and schedule your staff accordingly and make sure they know how to use Excel properly! You can improve greatly from here.

A solution to this, would be using a completely different method, something more modern and easier to use & manage. As always, this is what Datascan has been made for. Datascan will reduce your own stocktaking in-house by around 66% making you focus on more areas of your business and making sure your shop doesn’t close for a full day just to conduct a count. You want your stocktaking to be as fast, accurate and efficient as possible so why not make the jump to a digital platform?

This way, you will still be able to oversee your staff performing their counts. You will have your own management platform to check counts, reports and audits, no more checking individual papers or Excel files.

Here are some quick benefits of using Datascan in-house;

  • Digital based counts
  • Access to your counts on your computer, phone or tablet providing you have an internet connection
  • Instant reports
  • Multiple users counting at once, all synced together
  • No more pens, paper, Excel or double entry
  • Frequent updates & support

If you already outsource your stocktakes and are still looking at ways of improving performance, although not interested in counting the stock yourself, why not try with Altavant DMCC?

Here are some quick facts about why using Altavant fully outsourced solution. It would be beneficial to your business:

  • Our staff are trained in counting, thus guaranteeing efficiency and accuracy
  • Doesn’t take staff away from working with customers
  • Counts carried out during opening hours if required
  • High quality scanning equipment
  • Counts are carried out quickly, efficiently and accurately
  • Reports are received on the day of the count without delay

With either method, you can perform your stocktake to be as fast as possible, allowing you to focus on other aspects of your business.

Conclusion

At the end of the day, both methods work. It’s all down to personal preference and we, here at Altavant offer solutions for both. Solutions to make your in-house or outsourced stocktake faster and more accurate than before.

12 Reasons why you should outsource your stocktaking

Many of you would be familiar with the dreaded end of year, or quarterly and believe it or not in a lot of cases MONTHLY stocktakes! Imagine a world where at the click of a button you could bestow this dastardly task unto another poor soul… Well, here’s 12 reasons to make you consider doing so!

  1. Shop staff, in general, dislike counting stock.
  2. Too much time being wasted in Scheduling, Training & Monitoring staff, just to ensure they are counting correctly!
  3. In-House counting of stock is not impartial and results could be falsified unknowingly.
  4. The hassle of conducting the stocktake and managing staff to ensure accuracy is difficult and unproductive.
  5. It’s a long day and can result in lost revenues and increased staff costs If people counting are not efficient.
  6. Increased overtime/out of hour cost with in-house Stocktaking, This can be an unforeseen cost for small Businesses’.
  7. With In-house Stocktaking, You may not be able to get such detailed reports on your stock. Eg variance reports, wastage, stock on hand etc..
  8. Spot checks may not be carried out thoroughly and employees and management are working to full capacity.
  9. It takes management and staff that are vital to the business away from their sole responsibility of putting the customer first.
  10. There is an additional cost to renting your own equipment to carry out a stocktake, This equipment in the wrong hands is worthless!
  11. Taking stocktaking is too long while purchases and sales are still in progress throwing your numbers into disarray.
  12. Same day reports may not be possible!

Altavant can assist businesses in counting their stock in the most efficient manner possible. Our team of trained professionals, ensure that from the first point of contact that your requirements are recorded and communicated to the front line members of our Team. Every single item Top to Bottom is counted by our staff and through our procedures we provide full trace-ability.

How Retailers Can Succeed at Omnichannel

How Retailers Can Succeed at Omnichannel

The dramatic rise in e-commerce has challenged the position of traditional retailers. Consumers now willingly embrace the digital experience, offering more convenience and comfort. As per Harvard Business Review, about 73% of consumers prefer shopping through different channels, and such omnichannel customers can offer a 30% higher lifetime value.

Let’s understand the importance of omnichannel presence for retailers today and explore how these businesses can efficiently implement a successful omnichannel strategy.

What is Omnichannel?

It is a multichannel sales approach aiming to fulfill customer needs at every touchpoint. Retail channels can be traditional brick-and-mortar stores, websites, mobile apps, social media, email, or over-the-phone. The key benefits of an omnichannel strategy are that it can offer a fluid and flexible shopping experience and capture lucrative markets through emerging channels.

Modern-day customers use multiple channels for their purchasing decisions. With a wide range of technologies and online resources, they can access different platforms like social media, e-marketplaces, retailer websites, review sites, and other digital touch points to make a purchase. Retailers can use these platforms best and create a unified shopping experience for their customers through better interaction and promotion.

Omnichannel opportunities for retailers

Retailers can utilize omnichannel opportunities to expand their customer base and offer an increase in choice and convenience. Besides, business models can be optimized with a broad online presence and integration of data and systems. Channel diversification also improves operational efficiency for retailers, strengthens the brand image, and increases the likelihood of more purchases.

However, embracing the omnichannel trend without a well-strategized approach can offer little value to retailers. Therefore, it is crucial to have clarity on the objectives behind such initiatives. Investing time and resources in the right fundamentals can help retailers achieve omnichannel excellence.

Augmenting Omnichannel Retail Capabilities

For omnichannel success, the laser focus should be on improving the customer experience. Recent reports show that the purchase frequency is 250% higher on omnichannel compared to single channel retailers. Therefore, businesses should realize this opportunity and embrace omnichannel retailing while focussing on some essential points such as:

Customer-centered strategy

Understanding consumer behavior and accommodating different sales channels is essential to create maximum impact. Also, synchronizing the physical and digital worlds can be highly beneficial.

Holistic approach

Retailers must also align their operations to develop an integrated platform with more advanced capabilities. This integrated culture must be promoted across the organization to optimize omnichannel performance.

Strong technical framework

Investing in a myriad of tools and applications cannot guarantee outstanding results. Instead, choosing the right solutions is vital for a successful omnichannel agenda.

The Tools Retailers Need to Succeed with Omnichannel

Adopting the right technology solutions can reshape the retail business and help them capture incremental sales. Here are some top solutions retailers can leverage to serve their customers better and offer them a seamless omnichannel experience.

Odoo

Odoo is an all-in-one solution that offers a full suite of business apps that can be natively integrated into the existing infrastructure for automating retail processes. From CRM, point of sale, and live chat to marketing automation and helpdesk, Odoo offers various apps that retailers can leverage to build effective omnichannel experiences for their consumers.

Booxi

Booxi facilitates better customer connection with efficient appointment management. It offers real-time availability for slot booking and personalized connection, complemented by reminder management for increasing retention rates. Besides, retailers can also customize their booking rules and optimize resource management.

Analyticalways

This app helps retailers enhance stock management and ensures that they have the right product at the right place at the right time. In addition, it can help with commercial planning, sales planning, automated forecasts and suggestions, KPI management, promotion management, and several other processes with efficient tactics.

Netmera

Netmera is an integrated engagement platform that helps create a better customer experience and a stronger connection with detailed engagement analytics, segmentation and targeting, and mobile and web engagement. This platform can boost leads across all stages and nurture and drive them across proper sales funnels for increased conversions.

Frequentiel

This app can help retailers with reliable stock information, serving them an entire network of stock open to all customers. Besides, it allows businesses to focus on customer experience with operational KPI insights, fast product localization, shrinkage prevention and 99% accuracy delivering on promises: as you displayed accurate quantities.

Omnichannel Needs Strategic Technology Investments

A solid omnichannel presence can build positive customer brand experiences and drive considerable business value and revenue. However, to create such a successful omnichannel experience, retailers must make the right technology investments. They must have tools that provide access to customer data across all the sales channels to facilitate seamless, personalized experiences for the customers.

At Altavant, we help retailers create unique omnichannel experiences for their end customers with end-to-end strategic omnichannel solutions. Get in touch with us to learn more.

Tech-Enabled Inventory Management: A 5-Stars Customer Experience

A quick question to all retailers; do you have an accurate idea of your inventory right now? Or even more importantly, can you give a detailed report of the items in your stock within the next hour or so?

If that’s a no, or even a mixed yes and no, you need an inventory optimization.

But what exactly does stock/inventory management mean in retail?

Using technology in warehouses is the prime way to define inventory optimization. A company’s reasons for improving and holding inventory, ironing out the supply chain, and reducing returns are to deliver to its customers what they want, where they want it, and via the platform they choose to purchase it on.

Ultimately, a positive and remarkably satisfying customer experience is largely dependent on successful inventory control. However, the problem lies in evolving customer expectations, which seemed to take an altogether U-turn ever since the pandemic occurred.

Retailers ought to realize that it isn’t a trend. It is the new reality that is affecting the very core of the future of supply chain operations. And we’ve got to find a solution that works.

Key Challenges Facing Retailers in Stock Management

With the advancement in solutions that digitize the entire chain of commerce, the challenges facing supply chain and fulfillment leaders have amplified, if anything.

  • Teams don’t have the information they need when they need it. This is because the inventory data is scattered across siloed systems in and outside of the organizations.
  • Retailers lack the right tools to connect and correlate inventory data. Due to this, they are unable to gauge the impact that external events can bring, thus making it virtually impossible to proactively address any disruptions to the inbound supply to meet demand.
  • Costs are continually rising. From addressing return shipments to meeting customer expectations for same-day or next-day delivery. The digital side of the retail supply chain is expected to step up at a much faster rate to keep up with the pace.

As consumers’ comfort with online shopping continues to increase with technology becoming ubiquitous, customers actively switch exclusively to digital channels to meet all of their needs, be it clothes, groceries, to entertainment. In such a scenario, the demand to safely fulfill these orders fast remain a top priority.

Building customer confidence and satisfaction is a big challenge if you don’t have real-time insights into inventory data.

4 Ways You Can Improve & Optimize Through Technology

Businesses spend magnificently on customer experience because according to a survey, 86% of consumers are willing to pay more for a better experience. Jeopardizing inventory management, therefore, can impact the bottom line of customer experience altogether, leaving your customers annoyed.

1.      Technology improves order fulfillment accuracy

Experiencing a botched delivery at some point in online shopping is bound to happen. Social media is abuzz with users posting their delivered items versus that which was advertised in an appalling quality difference.

This happens not because the seller intended to sell a bad product but instead, due to the direct result of poor inventory management. Failure to see what’s in the inventory and shipping of an inferior graded product without checking in real-time causes poor fulfillment accuracy and a bad customer experience.

Tech solutions that streamline integration and manage pre-season, as well as in-season systems, allow retailers to monitor what’s available, in what quality, and at what location for ensuring optimal stock delivery.

2.      Technology prevents stock-outs

The second biggest way in which technology helps build optimal customer experience via stock management is by erasing stock-outs. If there’s anything detrimental to the sustainability of your business, it is a stocked-out item that is made known to the buyer only once he/she places the order.

Radio-frequency identification (RFID) in the supply chain is a technological tool that allows retailers to identify items using radio waves by transmitting data from an RFID tag to the reader. This significantly increases supply chain visibility and inventory accuracy. In fact, with RFID, retailers can automate and improve accuracy by 30% and reduce out-of-stock situations by 50%.

Customers won’t wait or care for an explanation; they’ll simply move to the next buyer and won’t look back. Maintaining a perpetual inventory management system that allows real-time recording and live updates helps you keep in touch with the products in your warehouse. This is particularly important during “in-season” when peak purchase seasons must be met with equal enthusiasm by the sellers.

3.      Technology supports effective lead-time management

A unique selling point of many top brands is the quickest delivery time. The handling and processing of orders play a critical role in how happy your customer gets – the faster the order is delivered, the better the experience.

A streamlined inventory management system can keep retailers abreast of the location of their items, such that the time taken to find, sort, pack, and ship is drastically reduced.

4.      Technology makes handling easier

The unbearable cost of returns is a critical challenge to overcome, compounded by devastating insights and stats into bad customer experience and handling of returns. Customers with bad purchase experiences are 140% less likely to spend than those with a positive experience. Importantly, retailers can only recoup a maximum of 25% of the loss incurred in prices on each returned item. Therefore, a returned product is a collective loss of consumer and opportunity.

The key is to arrange an instant swap until the product is still under warranty or send a new product in exchange for the returned one if you have enough in your stock inventory. Again, this calls for a proper inventory management system that is strong and streamlined to ensure proper return handling and regaining of customers’ trust.

Creating a Better Customer Experience

In conclusion, a robust inventory management system optimized for assortment, order, and delivery helps you orchestrate your entire fulfillment network and deliver amazing omnichannel capabilities. The goal of stock management is to have the right product at the right time and the right place to avoid losing money on overstocking and lost sales.

This is enabled by inventory visibility and technology solutions, helping sellers track their products from manufacturers to warehouses and the point-of-sale. At the end of this optimization is a long-lasting, positive, and guaranteed 5-star customer experience.

For more information on how the potential of the technology can be unleashed through human-centric solutions in optimizing your inventories, visit the retail and logistic digital experts, altavantconsulting.com.

Accelerate Digital Transformation and omni-channel with ease! What are the 5 trends?

01. Adoption of new platforms that enable seamless omni- channel experience

  • Primary way of doing business in retail: click-and-collect, BOPIS (buy online, pick up in-store) and ship-from-store.

02. Optimized inventory management

  • Refreshed inventory levels
  • Make timely decisions
  • Replace siloed data stores with real-time platform
  • Fill click-and-collect order in 1 hour
  • Leverage fulfilment points
  • Faster customer demand satisfaction
  • Reduce costs and its carbon footprint

03. Increased Sustainability and Social Responsibility

  • Staff benefits
  • Growing customer interest
  • Conscientious sourcing
  • Organic materials
  • Keeping products out of landfills
  • Heightened scrutiny moving forward

04. Full SaaS adoption

  • Leverage from anywhere
  • Cloud-hosted applications
  • Better cyberattack protection


 

05. Accelerate digital and mobile

  • In-store mapping
  • Personalised recommendations
  • Live streams
  • Product demos
  • Custom configuration
  • Contactless mobile payment
  • No-contact channels (ship-from-store and curb side pickup)

4 Steps to Better Inventory Accuracy : “How to avoid overstock?”

01. Adoption of new platforms that enable seamless omni- channel experience

  • Primary way of doing business in retail: click-and-collect, BOPIS (buy online, pick up in-store) and ship-from-store.

02. Optimized inventory management

  • Refreshed inventory levels
  • Make timely decisions
  • Replace siloed data stores with real-time platform
  • Fill click-and-collect order in 1 hour
  • Leverage fulfilment points
  • Faster customer demand satisfaction
  • Reduce costs and its carbon footprint

03. Increased Sustainability and Social Responsibility

  • Staff benefits
  • Growing customer interest
  • Conscientious sourcing
  • Organic materials
  • Keeping products out of landfills
  • Heightened scrutiny moving forward

04. Full SaaS adoption

  • Leverage from anywhere
  • Cloud-hosted applications
  • Better cyberattack protection


 

05. Accelerate digital and mobile

  • In-store mapping
  • Personalised recommendations
  • Live streams
  • Product demos
  • Custom configuration
  • Contactless mobile payment
  • No-contact channels (ship-from-store and curb side pickup)

4 Must-Have Retail POS Software Features to Boost Business Efficiency

01. Adoption of new platforms that enable seamless omni- channel experience

  • Primary way of doing business in retail: click-and-collect, BOPIS (buy online, pick up in-store) and ship-from-store.

02. Optimized inventory management

  • Refreshed inventory levels
  • Make timely decisions
  • Replace siloed data stores with real-time platform
  • Fill click-and-collect order in 1 hour
  • Leverage fulfilment points
  • Faster customer demand satisfaction
  • Reduce costs and its carbon footprint

03. Increased Sustainability and Social Responsibility

  • Staff benefits
  • Growing customer interest
  • Conscientious sourcing
  • Organic materials
  • Keeping products out of landfills
  • Heightened scrutiny moving forward

04. Full SaaS adoption

  • Leverage from anywhere
  • Cloud-hosted applications
  • Better cyberattack protection


 

05. Accelerate digital and mobile

  • In-store mapping
  • Personalised recommendations
  • Live streams
  • Product demos
  • Custom configuration
  • Contactless mobile payment
  • No-contact channels (ship-from-store and curb side pickup)

Thought Pieces

Why go digital? Digital Transformation.

Due to the pandemic restrictions preventing the spread of Covid-19, there was a collapse of opportunities, which divided people into those who are “ready to act” and those who decided “to wait

How to avoid overstocking?

Due to the pandemic restrictions preventing the spread of Covid-19, there was a collapse of opportunities, which divided people into those who are “ready to act” and those who decided “to wait