Retailers—all entrepreneurs, really—are busier than ever, with most business owners feeling like they don’t have enough time. Research by Microsoft found that more than.
can you relate? If so, you should prioritize freeing up more time in your business. Doing so will prevent burnout and keep you on top of your game.
When it comes to saving time
one of the first things you should do is evaluate your current processes and find ways to automate manual and cumbersome tasks. In this post, we’ll identify the most common manual processes that slow retailers down and offer recommendations on how to streamline them.
1. Inventory counting
Hospitality and retail brands need to save time and reduce costs by implementing programmatic and brand standards. Execution is key.
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Effective inventory control is an important pillar of retail success, so it’s important to stay on top of your inventory management. A large part of this involves counting your products to ensure your inventory records match the actual items in the store.
While it’s difficult to automate the act of physical inventory (unless you have robots to help you ), you can streamline the process by using barcode scanning apps and other digital tools instead of traditional pen and paper.
If you already use a POS or inventory
management system, ask your vendors about their inventory features and see if you can use them in your store.
You can also automate the discover our exclusive facebook advertising training! inventory reconciliation process by synchronizing your inventory management system with your inventory counting solution. By doing so, you eliminate manual review of inbox items, which in cmo email list turn speeds up the approval process and reduces human error.
Consumers today demand more personalization from brands. Studies from pymnts consumers are interested in special events and discounts, but only 44% said they receive offers that are relevant to them.