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
Category: Retail
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
The Top 13 Most Important KPIs for Retailers
The retail industry is more competitive than ever, and businesses that want to stay in the game must stay on top of the numbers…analyzing data to determine important decisions. Without the ability to get to and work with that data, they are at a serious disadvantage. The common problem today is not the data itself.… Continue reading The Top 13 Most Important KPIs for Retailers
Choosing a Partner for Migrating from Dynamics GP to Dynamics Business Central
Although Microsoft Dynamics GP (Great Plains) will be around for a while, it’s clear that Microsoft is putting emphasis on development of Dynamics 365 Business Central. If you’re a GP user, you’ve probably heard of many reasons why it’s time to move to another ERP, specifically Microsoft Dynamics Business Central, and the advantages of doing… Continue reading Choosing a Partner for Migrating from Dynamics GP to Dynamics Business Central
Retail Trends 2021: What are they and how you can adapt
5 Retail Trends for 2021: How You Can Adapt Your Business To Stay In Step In a fast-moving retail world, you need to stay informed about changes and new trends, and you need the ability to adapt quickly to them. Here are 5 trends and how you can adapt to accommodate them. Trend #1: Shoppers… Continue reading Retail Trends 2021: What are they and how you can adapt
The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
As a retailer with a top notch retail management system, you have access to a plethora of metrics. It’s easy to get overwhelmed with the amount of data at your fingertips, so this is where Key Performance Indicators (KPIs) help you determine which metrics can be used to keep your business moving in the right… Continue reading The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
How Old Technology Can Negatively Impact Your Retail Business
Your business technology applications and platforms keep your retail business running, connecting the entire business so you can have visibility into every aspect and make smart decisions while delivering excellent service and giving customers what they want. That is, however, if you’re not using old, outdated technology. If you’re hanging on to legacy systems, you… Continue reading How Old Technology Can Negatively Impact Your Retail Business
How To Use the LS Retail Weekly Menu Planner for Restaurants
Restaurants using LS Retail’s LS Central ERP solution can use the Weekly Menu Planner to plan weekly menus, including the ability to plan for, purchase, and produce recipes all within the LS Central. Producing recipes within LS Central helps with tracking costs as well as quantity of ingredients on hand. When recipes are created in… Continue reading How To Use the LS Retail Weekly Menu Planner for Restaurants
The Benefits of Online Marketplaces for Omnichannel Retailers
Successful retailers today—with very few exceptions—are successful because they embrace and support an omnichannel strategy. To reach today’s consumer, you might be able to get away without a brick-and-mortar presence, but you must have some sort of eCommerce presence. And beyond your eCommerce site, you need to have a presence in social media for loyalty… Continue reading The Benefits of Online Marketplaces for Omnichannel Retailers
How To Use LS Central Quick Service Restaurant Functionality
Restaurants that offer quick service or counter service can benefit from the functionality offered in LS Central’s hospitality module. From the cashier at the POS to the chef in the kitchen and the expediter delivering the meal, everyone is working together, in the same system, to communicate and deliver customers exactly what they order—quickly and… Continue reading How To Use LS Central Quick Service Restaurant Functionality