Managing inventory may feel like a never-ending balancing act, but that’s where a Retail ERP (Enterprise Resource Planning) system comes in. The all-encompassing data management program can help retailers improve their inventory processes with real-time information, allowing you to manage costs and grow strategically. Below are three ways retailers can use an ERP system to… Continue reading Improving Retail Inventory Management: How an ERP System Can Help
Category: Retail
5 Ways Retail ERP Dashboards Can Improve Decision Making
A question often posed to us by retailers is, “How can I make better decisions to help reduce costs and increase profitability?” The answer: A retail ERP dashboard that provides the relevant information accurately and quickly. ERP dashboards are especially useful in calculating how indirect expenses such as overhead or occupancy costs impact store revenue.… Continue reading 5 Ways Retail ERP Dashboards Can Improve Decision Making
8 Reasons Why Brick and Mortar Stores are Important for Retail
eCommerce dominated during the Covid-19 pandemic. In fact, even though overall retail spend decreased, eCommerce sales grew. However, it might surprise you to know that, even with the pandemic, eCommerce represents a small percentage of total retail sales. According to eMarketer, it’s as low as 14.5% in the U.S. This makes it clear that physical stores… Continue reading 8 Reasons Why Brick and Mortar Stores are Important for Retail
The Point Of Sale Of The Future: 4 Reasons Retail Is Going Contactless, Mobile, More Personalized
Even though online sales are inevitably rising, the demand for in-person retail experiences remains strong: customers still want the opportunity to walk into a physical space and see, touch, test and discover new products, all while having the possibility to ask an associate for product purchasing guidance. Point of Sale systems have developed over the… Continue reading The Point Of Sale Of The Future: 4 Reasons Retail Is Going Contactless, Mobile, More Personalized
The Right ERP Can Be Exciting! Just Ask Superior Fireworks
When you talk about business software–like ERP, “exciting” is not the first adjective that comes to mind. But when it comes to fireworks, things get interesting. Here’s a story about how a major fireworks company was able to deliver more excitement with Microsoft Dynamics 365 and LS Retail’s unified commerce software. Who doesn’t get energized… Continue reading The Right ERP Can Be Exciting! Just Ask Superior Fireworks
Are You Ready for a Peak Shopping Season? 3 Tips for Cyber Monday 2021 (and Beyond)
While the challenges around preparing for the holiday shopping season is nothing new for retail, preparing for this year’s season is chock full of its own, unique challenges, potential pitfalls, and yes—opportunities. However, when it comes to Cyber Monday, which will be upon us on November 29th this year, the big worry isn’t only supply… Continue reading Are You Ready for a Peak Shopping Season? 3 Tips for Cyber Monday 2021 (and Beyond)
How to Use Your Retail POS Software to Gather More Specific Customer Data to Increase Loyalty and Revenue
Retail POS software can gather huge amounts of data every day. But when it comes to collecting relevant customer information, retailers should shoot for quality over quantity, which is how retail POS software can help. Capturing relevant data requires a variety of gathering methods, each focusing on connecting customer information with every sales transaction. Here… Continue reading How to Use Your Retail POS Software to Gather More Specific Customer Data to Increase Loyalty and Revenue
Resilience in Retail: How to Increase It with eCommerce and the Cloud
eCommerce and cloud technologies are not new to retail, but the pandemic condensed years of digital commerce transformation into a few months or even weeks for many retailers. Retail resilience took on a whole new meaning, with retailers forced to quickly launch or overhaul their eCommerce channels to adapt to changing user requirements. The ability to… Continue reading Resilience in Retail: How to Increase It with eCommerce and the Cloud
Retail KPIs: Why They’re Important and How to Decide What You Should Be Measuring
As we reach the end of a very unpredictable summer and pass the half-way point in the year, a great way to help finish 2021 strong along with adapting to new trends is to dive into measurables—the key performance indicators (KPI) that make sure your business is still on the path to your goals for the year, as well as preparing you for the months beyond. While there is no one right list of KPIs because each retailer should be measuring different things based on a number… Continue reading Retail KPIs: Why They’re Important and How to Decide What You Should Be Measuring
Retail Supply Chain Transparency: It’s Important to Consumers, Too
All it takes today is an internet search to learn production details. It’s no wonder, then, that consumers are questioning the cost of what they buy. Take apparel, for example. Luxury brands deliver higher quality, but at prices upwards of eight times the actual cost of production, eyebrows are raised. On the other hand, mass-production… Continue reading Retail Supply Chain Transparency: It’s Important to Consumers, Too