We are living in a time whereby so many digital and web-based solutions are helping to level the playing field between the very biggest businesses and the very smallest. One particular example of this is a web order management system and sadly there are too few small businesses, especially in the retail sector, which just don’t grasp the accessibility of such a system.
With regards to web based ordering we have to say that there is no better way for a store to operate than through the use of this software and here are just some of the benefits which a small business can rely on thanks to this easy to use and low cost system.
Picking Up Trends
For the large majority of stores in retail there are certain customers trends which must be noted, certain sales which happen at the same time. For this reason a web based order management system should be employed because it is going to pick up on such trends and ensure that the stock is available when it is required. A store owner may know that Mrs Jones comes in to buy 8 loafs of bread every Monday, but they may not have picked up on the fact that Mr Kahn buys 2 boxes of eggs every Wednesday and every other Sunday, a web based system will, and this is the key difference.
Management of Shrinkage
Shrinkage costs hundreds, if not thousands of dollars each and every year, be it waste, theft or poor counting. now whilst a web based ordering system is not going to help you to stop that shrinkage, it is going to be able to give you a far better idea of what that shrinkage is and where it is coming from. Through the information that you gain from this you can then make plans of attack as to how you will resolve the issue.
Liquidity in the Business
One of the most common mistakes which so many small businesses in the retail sector will make it to freeze up its liquidity on stock which just doesn’t move. This of course makes no sense and it eventually means that the company’s spending power is greatly diminished. Web based ordering works on sales, and then it will order stock in based on what is expected to sell based on the history of the product. This is what will free up that liquidity and give the store the spending power it needs to then take advantage of opportunities when they come along.
Ultimately this is the system for any small business and contrary to how things were in the past this is a system which is more affordable and more accessible than ever before. To any small business within the retail sector there is absolutely no reason why a web order management system should not be used for deliveries and for stock management, there are simply too many benefits.