A Complete POS Solution for Hire Wear Businesses
In our last post we reported on the benefits available to hire wear businesses that expanded their multi-channel approach to an ecommerce store. While having a bricks and mortar store in addition to an eCommerce store gives you a wider customer reach, meaning potential increased sales, one of the main requirements to expanding your business online is to ensure you have accurate stock management processes in place.
Rather than spend time and effort manually controlling and documented each individual hire process, here at e-trackit we offer a complete POS solution. Using our unique software, you can manage hire stock as well as control all processes within the hire cycle – allowing you to spare valuable man hours on different aspects of your business.
Our EPOS hire software is designed specifically for use within the hire business sector and comes with a range of features to ensure each part of the hire cycle is managed and controlled – this includes reservations, customer accounts, deposit rentals and returns.
The unique software is also ideal for hire businesses operating in the formal wear sector as the total touch screen features make for easy event planning when hiring out wedding dresses and tuxedos to wedding parties. The software also allows you to assign outfits to the wearer and record each individual wearer’s size closer to the event.
In addition to hire features, e-trackit software also allows you to ensure that your stock levels remain consistent across both your online channels and in your bricks and mortar store. The e-trackit software offers a complete integration through the sophisticated touch-screen drive PC based tills, allowing you to have access to refunds and discounts while also being able to process credit notes and gift vouchers. The software also gives you the opportunity to assess “real time” sales and stock availability figures.
If you want to find out more about how EPOS software from e-trackit can benefit your hire wear business, please feel free to get in touch with the team at e-trackit for further information.
Menswear Hire Retailer? Go Multi-Channel to Grow your Business!
The term “multi-channel” is now synonymous with the world of retail, and one area of the retail world that is increasingly tapping into the benefits of taking a multi-channel approach is the hire sector. From menswear hire stores to formal wear hire stores selling everything from wedding dresses to tuxedos, extending a hire business from a bricks and mortar store to an online store allows you to build an online presence for your brand and, in effect, have access to a larger customer base.
While any successful hire company generally relies on word of mouth and positive reviews from previous customers, an online store for your hire business will allow customers to access your store easily and even view photos of your products. An online store gives customers the convenience of hiring clothes online while also providing them with information on your company’s contact details should they want to hire your products in-store instead.
A strong online presence means even more reach to potential customers however, before you implement an online hire business in addition to your bricks and mortar hire business, you should ensure that correct stock management software is put in place. EPOS software management software offers seamless integration between all of your shopping channels – allowing you to ensure that customers can only hire what items are currently available. EPOS also offers other innovative features for hire businesses including management of reservations and customer accounts.
Whether you are a hire company offering menswear, formalwear or footwear, expanding your business to an online channel will provide you with further selling opportunities. To find out how you can expand your business through utilising EPOS software management please feel free to get in touch with e-trackit for further information.
The Importance of having Correct Stock Levels for an Online Store
A multi-channel approach now goes hand in hand with any retail business. Now that many retailers are adopting multi-channel as the new norm, some retailers are still neglecting to translate the effective stock management that they have in place for their bricks and mortar stores over to their online multi-channels.
One of the main reasons behind having correct stock levels is to ensure that you only sell what you have in stock. If an item appears as in stock on your online shop but you actually do not have any stock available then a customer could purchase this item only to be refunded later – much to the customer’s annoyance!
Another reason why your stock levels should remain accurate is that it is important for ordering purposes. If you can tell that your stock levels are running low then you know when you need to raise orders with your suppliers for new stock – meaning you can easily replenish your stock to avoid items becoming unavailable for your customers to purchase.
From a time management perspective, correct stock levels are also important for ensuring that you don’t waste hours of time and effort checking your stock levels. Without effective stock management, you could waste plenty of man hours counting stock levels and making sure quantities are correct, however with specialist stock management software the hard job is done for you. Stock management software can help you download stock and quantity reports to give you instant access to your stock levels, without any hassle or fuss.
To hear more about how stock management software can help your online store or retail business, please feel free to get in touch with e-trackit today.
Why Fashion Retailers need Effective Stock Management and EPOS
The fashion retail world is a fast-moving one and with so many retailers now merging their businesses with other selling channels such as an online store, one of the main requirements for any fashion boutique, outlet store or shoe shop is to ensure that an effective stock management system is put into place.
Stock management is highly important to multi-channel fashion retailers as inaccurate stock management could mean that an item may be sold on an online channel despite the fact that it is actually out of stock – causing refunds as well as bad feedback from the customer.
Effective stock management allows for seamless integration between all shopping channels for a fashion retailer – so if an item is sold on one particular channel, be it in an actual bricks and mortar store or online, all channels will update automatically to ensure that you only sell what is in stock.
An EPOS System can track all of your stock levels to ensure you can easily keep up to date with all of your stock information, saving you time and effort to focus on other areas of your fashion retail business.
EPOS is also a highly useful tool in implementing other valuable features to a fashion retail business such as reward and loyalty schemes. With the rising competition of retailers on the market today, offering your customers something different through way of a loyalty scheme which rewards them when they shop could potentially give your business that necessary edge over your competitors.
If you are interested in hearing about how effective stock management and EPOS can benefit your fashion retail business, please do not hesitate to get in touch with the team at e-trackit today for further information.