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... the Big Box stores when it comes to being efficient and productive. Point of Sale (POS), Bar Code/UPC Code Scanning  A POS System is mandatory. A good POS system can track all your sales. It replaces ...
2. 2010 Super Bowl
(About Us/Press Releases)
... POS terminals in temporary facilities in and around Miami's Dolphin Stadium to process sales of official NFL merchandise. The transactions will run on a customized Velocita Wireless telemetry network -- ...
3. InvenTrak Small Business Stimulus Package
(About Us/Press Releases)
... confidence drops in the down economy, retailers are being hit hard,” says Eric Kirk, Vice President of Sales and Marketing at InvenTrak. “Sadly, many retailers don’t understand the impact that the right ...
4. Trend Shopping
(MyBlog/Customer Relationship Management)
... was one of the earliest adopter of trend shopping. They shared that 35% of their sales came from it. However, currently, few physical stores offer trend shopping experiences to their customers.  With the ...
5. What went wrong in 2009
(MyBlog/Retail Economics)
... and other budgeted expenses. However, these surveys also show that in 2009 the top four negative impact areas were due to these budget cuts.  The top four negative impacts are lower sales, customer service, ...
6. Labor Management
(MyBlog/Labor Mnagement)
... management. Staffing Planning/Adjustment Are you afraid of losing potential sales because you are understaffed during peak periods? Do you want to avoid being overstaffed?Here is a solution: Based on your ...
... retailers need to look at linking many disjointed business processes—from ordering to sales— integrating all onto one platform.  Integrating business processes ensures a consistent, responsive, and well-coordinated ...
8. Prepare for the Upturn
(MyBlog/MyBlog)
... inventory, and adjust the quantity based on your short-term sales. 2. Dynamic Pricing: You should look at your most profitable products. What was the initial retail price? How much was the markdown percentage ...
... experience. The Challenge to Share Information about Inventory Availability. Even in some large chain stores, salesmen can not provide customers the information of product availability at other locations. ...
10. Inventory Management is a Priority
(MyBlog/Inventory Control)
... According to Mark Steven, carrying inefficient inventory can eat up 20%-30% of your profits!   If you can reduce this investment and still keep your current sales, or if you can make this investment ...
11. Frequently Asked Questions regarding Referral Rewards
(About Us/Refer Your Neighborhood Store to Win $150)
... can I refer to InvenTrak? You may only refer small and medium size retailers at your neighborhood. By small and medium size retailers, we mean those retailers with employee less than 10 and annual sales less ...
12. Vendor Assessment
(MyBlog/Inventory Control)
... sales do not necessarily make more money than other items. GMROI by vendor shows you whose products are actually more profitable to you. These vendors can be your long term partner candidates. Turnover ...
13. SaaS Technology in Retail
(MyBlog/Retail Technology)
... access to your database.  You can manage inventory and pricing even if you are abroad; you can use your smart phone to access all sales, inventory and customer information whenever you want.   ...
... goods and services. Meanwhile, merchants are concerned with getting more consumers through the door or to the Web site, increasing sales and, especially in today's economy, reducing overhead. Click here ...
15. Loyalty program – targeted marketing
(MyBlog/Customer Relationship Management)
... some customers are of high value, i.e. they make a great contribution to your sales and gross margin; others only come to your store to get a product which is on sale. High value customers might come back ...
... sales reports and ultimately make reorder decisions based on those short term demand trends.  Concentrate on core lines:  Every retailer has some product lines which generate more sales than others. Why ...
17. Customer Category
(Features/Customer Experience Optimization)
... based on their number of sales transactions, transaction volume, or total profitability.  When the customer makes enough purchases to exceed his level’s maximum he becomes a member of the next frequency ...
18. Related Items Recommendations
(Features/Inventory Management)
... cross-selling can boost stores sales around 20%.  ...
19. Cross Selling
(MyBlog/Point of Sale)
Amazon shared that cross-sells were responsible for 35% of its sales! An informal survey shows that, for online store, cross selling accounts for 5% to 10% sales; for brick and mortar stores, it accounts ...
... found out that both of sales and gross margins of her brand A purse increased, but total gross margin for the store slumped. So sales of some other products must have fell. After she carefully read her ...
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