The Scenario In a self-service modern retail, as per reports from experts, the loss from retail shrinkage accounts for 2% of total revenue. Retail shrinkage is a reduction in inventory (physical and book) due to shoplifting, employee theft, paperwork...
As you might have noticed that 90% of the fast moving consumer goods (FMCG) already come with the product barcode printed on it. These barcodes are called UPC, EAN or GS1 barcode. These barcodes make it easier to handle...
Most fortunes are built on innovation. Innovation has always been a vehicle for growth of humankind. Businesses have also advanced and grown on original ideas helping the innovators to greater fortune. On the other hand, before implementing these innovations...
It is time that we did something for the environment and now we are finally doing something. It has been noticed that the growing number of retailers who emphasize on the fact that you carry your own bag while...
Imagine this. You own a retail clothes outlet. A customer buys an expensive shirt. Two days later he is back complaining about a stain or the fit or a torn button. He returns the garment and gets his...
Why do you run a restaurant? May be you like cooking or you like to feed people or it is just another business for you. But it is definitely a hectic business. Remember orders, sending KOT to kitchen,...
Many a times, we have asked people what time do you close your shop? They say actually we close the sale at 8 pm but close the shop by 9. Why? We need time to do the cash balancing. Cash...
A store can increase profits through various ways. Cutting down on overheads or increasing the margin between buying and selling prices are just two of them. Another tried and tested method of increasing profit is to boost up the...
Searching on how best to manage your sales and increase the gross profit? The point of sale (POS) software lets you control your business and maintain an electronic record of your sales in a simplified manner. The greatest...
You may be using the best retail management software available. It increases efficiency and available free time for you and your team. But is that enough for speeding up your business? Does the software provide complete satisfaction to your...