01159 788493
Open Retail Solutions
Solutions

BUSINESS SOLUTION - BETTER MARKETING

The idea is to turn over the best selling lines as often as possible, but do you even know what your are ?

Poor Marketing - wrong stock, old stock

BEFORE:

Its really hard to keep track of every thing that's happening in a busy retail environment.

This can result in fire fighting approach rather than marketing. New lines
should be brought in to keep the offering fresh and older lines or poor
sellers delisted.

You have all on to check the stock, see the rep and place the order.

Therefore marketing gets backburner attention, plus promotions and
campaigns just seem too complicated to arrange , with till price changes,
operators to be told

After using promotions to improve your sales

SOLUTION:

The product and customer sales get recorded by the till and instantly
updated into the database held on the server

Firstly by examining these sales regarding best sellers we can ensure that
we have enough stock of these items

If we now concentrate on worst selling lines , then we can weed out those
suitable for promotion to clear them

Sales promotions , such as “buy one get one free”, “mix and match”,
“cheapest free” plus kits increase sales as well as releasing working capital
from poor selling or older items.

Promotions can also be used to drive up volume of sales by cheaper price breaks
for more items purchased , or supplier promotional voucher schemes

MORE PROFIT

BENEFITS:

A big advantage is timely sales information, best sellers, slow sellers, average
spend, till flow, promotion performance and group sales totals.

customer sales history improves credit control and service,
whilst offering discounts or loyalty to preferred customers.


Increased sales volume

Quicker stock turn

Less capital required

Up to date stock ranges

More profit, better returns



Promotions have numbered schemes and therefore all sales that relate to them can be collected and accumulated against them. This is good because they can be involving more than one product. Promotional vouchers can be taken as product price or tender reductions and counted accordingly.Products can be set to record say post code details for later analysis too. All promotions are recorded in against groups and readings. ARE MY DISCOUNTS GIVEN WORKING OR JUST SELLING FOR NO BENEFIT Discounts are given at line or tender level and as such get recorded on the sale line. When a discount is given on total sale it will be apportioned across the lines sold proportional to the sales value. All discounts are recorded in total in groups reports and readings Promotions are the mechanism for clearing these slow movers and it is better to recover the funds at low margin or even cost and buy faster movers. The promotional offers allow all sorts of marketing possibilities that would be hard to administer on a conventional till, and again their effectiveness can be monitored, did they sell more or did they clear stock, or was I just giving away more money. Regular customers can have their discount rules set up against their account, guaranteeing that the correct amounts get taken off, and showing the profitability of the customer. The use of these tools to improve sales can be confirmed by checking the amount of promotion and discount markdown it takes to get them. As the application of the rules is loaded into and performed by the epos till, these calculations being too complex for an operator to apply using mental arithmetic and so are not usually offered on cash register tills.


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Call us on 01159 788493

Address

Open Retail Solutions Ltd
Leen Gate
Lenton
Nottingham
NG7 2LX

e: sales@openretailsolutions.co.uk

Copyright Open Retail Solutions Ltd 2009

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