Data is an integral part of any successful retail business today. But do you know the right data to analyze and how you can incorporate that data into a profitable strategy?
Featured on this week’s Boutique Hub Podcast, RICS VP of Client Success, Geoff Tease, shares the five reports you should be incorporating weekly to help you analyze sales, measure and manage inventory, serve and market to customers, measure team performance, and more.
Be sure to catch the Podcast here.
He also shares the below five tips on what you should expect from your POS system:
- Functions as more than a cash register and provides inventory control capability
- Allows PO management
- Provides the data you need to effectively run your business: vendor performance, staff performance, and inventory flow.
- Enables an efficient and effective cash wrap customer experience.
- Allows you to grow your business and will grow with you.