In handling every stage of a purchase transaction, there are many applications we can use. There are plenty of ever-evolving trends we always want to get caught up. We all have such gut to be in the trendiest development that we often forget the most important thing in the procurement realm – purchase orders. Email threads and verbal commitments are…
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Sales Return: Why does it Exist and How to Prevent it?
When customers return the products they buy, a company would accept it. It’s their right. They have the right to return the goods they are not satisfied. Sales return is a normal part of a business. It has always been a good practice most merchants used to provide customer satisfaction. There are different customers. The cause for product return may…
10 Ways to Keep Ahead of your Competitors in Retail Marketing
No matter what type of business you operate, there is a competition. It is everywhere. Whether you like it or not, it is always there. The road to success has never been easy. There are competitors that block the way. To win over new customers become more challenging when your market isn’t the only one that stands from the crowd.…
Store Credit: Everything You Need to Know
Is offering a store credit really good? This is one of a few questions retailers always have in mind. While cash is considered to be the king in business, it is not always possible to make all sales on a cash basis. Since all businesses have to beat the competition, giving customers credit terms can be a great option. However,…
What No One Tells you about Repeat Business and New Customers
Have you ever stopped to think about how you can improve your business? What technique do you use – acquiring new customers or repeat business? While the acquisition of new customers is important, it is hard to win them back if they go away. On the other hand, keeping existing shoppers is great but it is not easy to build…
Advantages of Cloud Database
CLOUD DATABASE. These are words we commonly hear in IT departments. The need for cloud database is becoming a big deal as businesses have to deal with more and more data in this high-tech era. Cloud database is a structured set of data that is built and delivered through a cloud platform. This enables users to do a wide range…
How do Loyalty Points and Rewards Benefit Customers
Customers are hard to find. It is true even for old businesses. Companies have to use different techniques to keep customers coming back. Offering loyalty programs is one of them. If you have buyers that are loyal to certain brands that they love purchasing over and over again, your company has put a loyalty program into operation already. Implementing loyalty…
Managing Inventory Transfer and Balancing in Multiple Warehouses
Inventory management is all about managing items that your business holds – stocks. Your stocks are the items you sell. An effective inventory management ensures that those stocks are at the right place and price. Moving items from one warehouse to another is completely different. Managing inventory transfer and making everything balance is probably the most complex side of inventory…
Why you should Offer Gift Cards and How to Create One that Sells
Who in the world love gift cards? Consumers do. It is the number one requested present that can motivate them to purchase more. It’s a gift that makes them happy. It’s something they prefer receiving over pretty much anything. While there are many ways to get a customer’s attention, gift card marketing is the smartest tactic to keep them coming…
Physical Inventory: The Easier Way to Carry Out
To figure out your profits, you need to perform a physical inventory. Performing physical inventories can help prevent shrinkage. Production and purchasing can also be easily managed. Doing physical counts is critical for the success of any retail industry. However, this is probably not included in your favorite list as it takes hours to count store merchandise. Some merchants may…