Blasting Off To Faster Business Growth
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How Rocket Fizz Speeds Store Openings And Boosts Operating Efficiencies With Updated POS
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Blasting Off To Faster Business Growth
- 1. Blas%ng Off To Faster Business Growth How Rocket Fizz Speeds Store Openings And Boosts Opera8ng Efficiencies With Updated POS Webinar Sponsored by #POSSpeed
- 2. #POSSpeed Welcome Webinar ADendees
- 3. #POSSpeed Follow This Webinar On TwiDer #POSSpeed Retail TouchPoints: @RTouchPoints Lightspeed POS: @Lightspeed POS Rocket Fizz: @RocketFizz
- 4. #POSSpeed About Retail TouchPoints ü Launched in 2007 ü Over 30,000 subscribers ü To provide executives with relevant, insightful content across a variety of digital medium Free subscription to our weekly newsletter: WWW.RETAILTOUCHPOINTS.COM/SIGNUP
- 5. #POSSpeed Panelists Debbie Hauss Editor-in-Chief Retail TouchPoints MODERATOR Rich Shane CEO Rocket Fizz Brad Malmberg Director of Sales Engineering & Training Lightspeed POS
- 6. Blasting Off to Faster Business Growth Brad Malmberg Director of Sales Engineering Lightspeed POS Rich Shane CEO Rocket Fizz Debbie Hauss Editor-in-Chief Retail TouchPoints
- 7. What we will cover today • Scaling for growth • Managing a high volume supply chain • How technology solutions can help
- 12. Problems Uncovered • Store openings were not efficient • Limited visibility into sell-through data • Old-school cash registers a headache • Hard to search for and find specific inventories • Re-ordering based on intuition and eyeballing
- 14. Store Opening Efficiency PROBLEM: 25 pallets arrive at once! • Temperature sensitive products • Blocking the sidewalk & access to other stores • Team waiting for instruction • Owner anxious to make the cash flow • Paper-based invoicing & pricing system ...BAD
- 16. Sell-through Data Efficiency PROBLEM: 1,000s of SKUs, but which are the best sellers? • Inventory = cash “invested” into business • When to invest? • Into what? • Products on shelves = Sales opportunities • Right products on shelves = Sales
- 18. Cash Register Headaches PROBLEM: “Register tape is in the mail” • Calculate % of sales revenue • Teaching owners to become merchants • Line busting • Store roll-up across multiple registers • Cash register reports vs. POS reports
- 20. SEARCHING AND FINDING SPECIFIC ITEMS!
- 21. Searching & Finding Specific Items PROBLEM: “Do you carry…” “Can you get…” • 30+ suppliers • 1,000s of products • What hot’s now? • “I’m having a party, can you help me?”
- 23. Inventory Management PROBLEM: What do I need to reorder? • 20,000+ SKUs in the universe • 3,000 to 4,000 SKUs in each store • Visual inspection vs. Auto reorder • Guesses vs. Sales trends
- 24. Additional Resources Independent Retailers Guide to Buying Inventory POS Buyer’s Guide The Psychology of Price *Recorded Webinar featuring RMSA* www.lightspeedPOS.com/resources! www.rmsa.com! Or get in touch with us directly! 12 Retail KPIs You Need to Know
- 25. #POSSpeed Q & A // Panelists Debbie Hauss Editor-in-Chief Retail TouchPoints MODERATOR Rich Shane CEO Rocket Fizz Brad Malmberg Director of Sales Engineering & Training Lightspeed POS
- 26. Thank You For Joining Us! View this presenta8on on-‐demand at: h@p://rtou.ch/posspeed
- 27. Rethinking Retail. Reimagining The Customer Experience. retailinnova%onconference.com June 16-‐17 // NYC FEATURING: