Category: POS

Certainly, the products have the SKU number and codes on them. In other words, retailers come across products that have the SKU number. But what does it mean? Basically the SKU Number is unique for each store. Further, the SKU Number allows the store to keep details and track of the inventory. The SKU Number depends on the retailer; the way they want to give numbers to their products. However, mostly the SKU Number comprises of 8 digits.

 Significance of the SKU Code for Retailers

The SKU numbers are significant for retailers as they simplify a lot of tasks. That is to say, each SKU code is added to the tracking system. Consequently, this makes it easier for the retailers to manage their stock, track items and their location, make accurate inventory decisions, and make employees’ work life easier by searching for products.

The SKU Numbers further help in marketing as well. In short, they are used to suggest other products on the site for the customer. Secondly, computers can easily track the SKU Numbers serving the employees and the managers to manually handle the products and spend hours in doing so.  

How to Generate the SKU Number?

Retailers can easily generate the SKU Numbers through their inventory management system or POS System. Try to make shorter SKU Numbers as your staff should be able to easily read and remember them. Also, retailers can choose the type of SKU Numbers they want to select. For example, they can select either the digits or numbers. Moreover, they can also select a combination of the digits and alphabets. 

Tips for Retailers regarding SKU Number

Reusing the SKU Numbers

There is a general conception that retailers should not use SKUs. However, retailers can use the SKU code as the products keep changing. Therefore, after years of using the SKU code, you can certainly reuse it.

Creating the SKU Number

One tip for creating the SKU code is that it must not begin with the 0 digit. That is to say, there are software systems that might interpret the digit 0 as nothing. In short, the digit 0 will most probably not be counted as number. Therefore, it is best if retailers avoid beginning their SKU code with 0.

Secondly, it is better if the SKU code begins with an alphabet. As a result, this will help retailers/managers/employees to find the product easily and to distinguish it from others.  

Avoid SKU Numbers with number-like letters

SKU code should be evident. Therefore, avoid using such letters that resemble digits. Further, there are also letters that resemble other letters. As a result, this might cause problems for the employees while they search for the SKU code. Certainly, the purpose of having SKU code is to simplify procedures, not to complex procedures.

Conclusion

To conclude, SKU code is an essential tool that retailers have. These SKU numbers help track inventories. Further, they also help make smarter decisions regarding merchandise. Moreover, SKU number makes the life of the employees and managers a lot easier.

Online ordering is certainly one of the most essential elements when it comes to restaurants. Further, there are restaurants that are aware of the significance of online ordering as it is the age of technology. Moreover, the customers these days are tech-savvy and they are in the habit of using their mobile phone for whatever they do, whether it is shopping or online food orders. That is to say, customers simply access their mobile phones if they have to order something online. Certainly, this has not just made the lives of the customers simple but has also benefited the restaurants immensely.

Further, in these present times, customers are demanding online ordering from the restaurants. According to the National Restaurant Association, 56% of adults order directly form the website or the mobile app. In addition, we can certainly say that these numbers will continue to grow in the coming years. Moreover, it is not just adults that are ordering online. In fact, consumers of all ages are preferring online orders.  

Online Orders Provides Convenience

Certainly, one of the most important aspects of online restaurant ordering is its convenience. In other words, it is the convenience of comfortably sitting at home and ordering food online. Secondly, people do not have to go all the way to the restaurant to get the order. In most cases, the order is delivered home which is what the customers want. Thirdly, the customers do not have to wait in lines at the restaurant to pick their order.

Online ordering results in Increased Sales

Another significant benefit of online restaurant ordering is that the customers can order freely online. They are not under any pressure which otherwise they are under while ordering face to face or through phone calls. Further, while ordering online, they have the entire menu present in front of them. So, this results in increased sales as the customers order easily and in doing so, they get enticed to put more menu items in their cart.

Upselling Opportunity through Online Restaurant Ordering

 Sales can be increased through online restaurant orders as there are more opportunities of upselling and cross-selling in online ordering. That is to say, the customers do not order in a hurry. As mentioned above, they order in a relaxed manner by viewing all the menu items in detail. So, certainly through online ordering, restaurants can grow their sales and upsell and cross sell items.

Moreover, there is also the facility of adding on extra items at the checkout, for instance, adding drinks, salads, sauces etc. Moreover, if the customers have ordered single items, they can be asked if they want to turn it into a deal. Mostly customers get enticed this way and result in adding these extra items in their cart.   

Collecting Customer Information through Online Restaurant Ordering

Collecting customer information is essential for all businesses in today’s age. That is to say, knowing the customer contact details, as well as their purchase history, is a must for businesses. Therefore having an online system that helps save customer data is essential. Therefore have a system that helps you in knowing customer information as well as what they purchase. Consequently, this will help in planning future marketing campaigns. So, look for a system that has in-built reporting feature, such as Teranoid. Order Online through Teranoid will help collect customer information and their purchase history. Consequently, this will help in enhancing customer experience as restaurants can later inform them about the offers and new items. Further, in this way, restaurants will be able to increase their customers online and stay in contact with them.    

Certainly, employees at various stores, such as pharmacies, grocery stores, retail stores etc. have been risking their lives in order to serve the people. In other words, these front line employees are in need of care to keep them protected. Further, the stores owners must implement safety measures in the store that protects the front line employees. Certainly, it is the duty of the retailers and store owners to secure these employees who are working day and night in these difficult and life-threatening corona times. Therefore, taking care of employee safety will not just help in protecting the employees, but will also help built trust among the customers. In other words, customers are visiting such stores that are strictly following COVID-19 safety measures. Therefore, customers too feel protected amongst stores and employees that follow safety rules.

Safety measures for Front line employees

Below we have discussed a few safety measures that retailers need to take in order to make the employees and the customers feel secure. Because stores have now begun to open and many have already opened, therefore it is high time for retailers to implement these rules right away.   

Cleanliness & Sanitization for Front Line Employees

The World Health Organization has stated that COVID-19 can stay on plastic and steel. In addition, they have also stated that it can stay for up to 72 hours. Therefore to prevent the spread of the germ, you need to continuously clean the store. Make sure that you clean the credit card terminals and doors after each customer leaves or enters the store. Moreover, if stores can afford, they must provide hand wipes and sanitizers to customers so that they sanitize their hands before they enter the store.

In addition, the cleanliness must be for the employee areas as well. In other words, whatever gadget or other store items that the employees touch, they must immediately clean it or use the sanitizers. Secondly, ensure that you implement the cleanliness of the shopping carts and baskets every time it has been used. Further, you should also prohibit the use of shopping bags as they can be the source of spreading the virus. Instead, inform the customers beforehand that they bring their own bags or baskets to collect their items. Employees must make it a habit to wash their hands regularly.

Contactless Payment for Front Line Employees

Certainly, contactless payments has become one of the most effective ways in the current times. In other words, it is the safest way of shopping today as the Corona virus germs can easily be transmitted through money. In addition, the customers are also preferring payment through cards because they also want quick checkout and minimum chances of touching anything. Certainly payment through cards do not make the customer touch anything else apart from just tapping. Further, if you have the Point of Sale System that comes with contactless payment option then you are good to go. So, contactless payments are beneficial for the employees as they will be secured from touching cash.

Plexiglass for Front Line Employees

The use of plexiglass in stores is becoming popular recently. In other words, these sheets create a barrier between the cashier and the employee. In short, the plexiglass helps in stopping the transmitting of germs while giving customers face to face interaction with the employees. This does not affect the transaction process. Further, the barcode scanners can work through the plexiglass.

Masks for Front Line Employees

Masks are essential for the employee safety. Certainly, the use of face masks helps employees protect themselves from catching the virus. Therefore, ensure the usage of the face masks for employees so that they protect themselves as much as they possibly can.

Conclusion

Certainly, employees are a very significant element of the store. Therefore, it is must that retailers take care of the employees as much as they can because if there sick leaves and absentees are certainly going to affect the business in the long run.

“Employees are a company’s greatest asset – they’re your competitive advantage. You want to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company’s mission.”  

– Anne M. Mulcahy

To remain successful in the long run and to make things easier, business owners require a purchase order. Further, a purchase order keeps check on inventory levels, tracks stock records and many other tasks. In this article, we shall discuss how retailers can benefit from purchase orders and what their significance is. 

Definition of Purchase Order

“A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.”

Wikipedia

Difference between a Purchase Order & an Invoice

Purchase Orders and Invoices are similar in many ways. Firstly, these both are legal documents. Secondly, they both contain information regarding the order. However, the invoice contains a bit more details regarding the order as compared to Purchase Orders. Further, the major difference between a purchase order and an invoice is that the invoice requests for the payment, however the purchase orders simply confirms the order. Moreover, the seller sends the invoice. On the other hand, it is the buyer that sends purchase orders.

Details included in a Purchase Order

Certainly, it is important for retailers to know first what must be included in the purchase orders. Although, we can say that purchase orders vary depending on each company’s requirements and needs, however, there are a few basics that mostly all purchase orders contain. Let’s see what these basics are. Firstly, the document must contain the name and address of the buyer as well as the seller. Secondly, the product purchased and their quantity must be mentioned in the purchase orders. Thirdly, the purchase order’s number, price, date of delivery, delivery address and other significant terms and conditions must also be included in the document.    

Benefits of a Purchase Orders

There are a number of benefits for retailers as well as the buyers when it comes to purchase orders. Firstly, retailers as well as the buyer have record of the item they bought/sold. As a result, they can use purchase orders to verify things if needed. Secondly, it helps build great vendor customer relation. Thirdly it helps save time. The purchase order process becomes simple once the system is all set. Further, another great benefit is that if there are repeat orders, they can automatically generate purchase orders. Moreover, it saves time when the order is received. That is to say, the purchase orders are easily accessible. Therefore, retailers can easily check with the purchase orders and the delivery received.   

In addition, because these are legal documents, therefore both the parties are secure. In other words, they are bound to work right because they are aware of the legal consequences that might arise in case of a dispute. For example, in case the order was incorrect or the ordered quantity has not been received, so, retailers can claim their order by having record of the purchase orders, which clearly states the purchase orders and the amount ordered.

How to Implement Best Purchase Order Practices

Let’s now see which practices retailers can adopt in order to ensure the right working and processing of Purchase orders.  

Simplify the Purchase Orders Process

First and the foremost thing is to go digital with the purchase orders. That is to say, digitizing the entire process will save time and effort. Further, it also reduces the chance of errors and simplifies the entire procedure. In addition, it keeps record of old purchases, which helps provide easy access to records when needed. Therefore, having a good POS System also helps simplify the purchase order’s process.  

Employee Training for Purchase Orders

Secondly, train the employees well when it comes to the processing of purchase orders. That is to say, employees should be aware of the procedures and policies of purchase orders. Further, a guide can be created for employees so that they can learn gradually and find about their query when needed.

Certainly, COVID-19 has kept the store from making money. However, that does not mean that there is no way retailers can attract customers and make their business successful yet again. Gradually the stores are opening; therefore retailers need to think of ways that shall attract more and more customers. So, one of these most effective ways is to change the look of the store. In other words, Retail store design should be modified and enhanced so that retailers can attract customers. In other words, appealing store design is a must for retail stores because customers do not get attracted towards a store easily.    

Ways to Attract Customers through Retail Store Design

We at Ternaoid, have compiled some tips for you. These tips and ways that shall help retailers attract customers through retail store design.

Retail Store’s Design Tip #1: Presentable Window Displays

Stores should be able to attract customers through window displays. That is to say, it is through the window displays that customers should be enticed to come into the store. So, one of the basic rules for effective window displays are that it must not be cluttered and scattered. That is to say, there must not be a lot of items in the window displays. Instead, retailers must place products that are large and few so that the customers can focus on these one or two items properly.

Retail Store Design Tip #2: First Impression Counts

A good tip for retailers is that they must view their store from the entrance. That is to say, they need to see the store from the customer’s view that is entering the store. See what thoughts strike the mind first and what the impression of the store is. Consequently, retailers will be able to know what first impression they are leaving on the customers. As a result, they can improve the areas that need attention.

In addition, also see that the store displays and products should be visible and clear. In other words, retailers must ensure that the customer must not face any visible distractions when it comes to viewing the store as soon as they enter it. In short, if the customer is able to see the store better, they would want to spend more there, resulting in sales. So, for this purpose, what retailers need to do is to remove displays that are too tall and shift them at the end of the store. Products should be clearly visible and the view must not be blocked.

Retail Store Design Tip #3: Store décor is very important

Certainly, the store décor is very important. That is to say, the themes and the colors that retailers choose must be vibrant and appealing. In short, there are some colors that are appealing for the customers while some others are distracting. Certainly, retailers do not want the customers to be disturbed or distracted while they shop. The store’s atmosphere should be relaxed and positive. Secondly, the décor planning must be in congruent with the store and nothing should seem odd.  

Retail Store Design Tip #4: Focus on the Decompression Zone

As we have mentioned in the previous articles, the decompression zone is essential when it comes to attracting customers. However, the size of the decompression area varies from store to store. This area allows the customers to make themselves relaxed when they enter the store. In addition, retailers also need to realize that the decompression zone is only meant for customers to relax and decompress themselves. Therefore there must not be any products placed in that area as they will go unnoticed. However, retailers can place baskets, carts, shopping trolleys etc. where customers notice them.  

Conclusion

If the displays and the store look remain the same, there are fewer chances of customers being attracted towards the store. In other words, we all want change. In the same vein, customers too are looking for change in the stores that they visit. So, retailers cannot afford to lose their customers because of boredom. So, no matter which products the store is selling, the above mentioned tips shall certainly help.    

Visual Merchandising is integral for retail. However, its significance has increased today because of competition. In other words, customers have many choices nowadays when it comes to shopping. Further, consumers today have high expectations from the stores that they shop from. However, visual merchandising has its own challenges that retailers need to overcome.

Ways to overcome Visual Merchandising Challenges

In this article, we, the Teranoid content marketing team, shall discuss the ways that shall help retailers overcome Visual Merchandising Challenges.   

Effective use of Store Space for Visual Merchandising

Certainly, retailers need to take full advantage of their store space. Further, they must also keep in mind that they should keep enough space for the customers to walk freely in the store. Moreover, they should also ensure that the displays take less amount of space in the store. This will ensure free space for the customers which should be the prime concern of the retailers. Moreover, retailers also need to focus on the placement of the products. That is to say, they need to see which products need to be placed at the bottom of the shelf. In the same vein, they need to see which products need to be placed on the top shelves. In short, retailers need to see how much space they have and how they can utilize the space that amount of space practically and cleverly.  

Flexibility is important for Visual Merchandising

It should be possible for retailers to keep moving the products. That is to say, the store’s displays should be flexible. In short, the popularity and the demand of the products keep changing. Therefore retailers need to keep moving their displays and products. Therefore the element of flexibility should be there.

In the same vein, retailers also need change in their display settings. That is to say, the placement of displays that was appropriate for one season might not be appropriate for the other one. For example, in holiday season, when the traffic increases, retailers will have to adjust their displays according to that, giving more space for customers to move.  

Invest in good Displays

Displays should be strongly built. That is to say, they should be long-lasting so that they can be used for other purposes as well. Having said that, the shelves and displays must not be highly expensive, but they should also not be of such low quality that it falls apart when the employees try to shift them to some other area of the store. So, as mentioned earlier, it should be worth the investment. Further, ensure that the displays are made from experts so that they are long-lasting and durable. Further, they should also understand the brand well and what it stands for and what are the products that they are selling.   

Effective use of Window Displays for Visual Merchandising

Grabbing customer attention through window displays is essential and a bit tricky. That is to say, the window displays must be attractive but at the same time, they should also not be overwhelming. Certainly, the window displays are one of the most important factors of visual merchandising. It helps attract customers. Therefore retailers must take full advantage of their windows. Another useful tip for window displays is to have a focal point. That is to say, the display should not look messy.   

Easy to Use

Certainly the staff will be the one dealing with shoppers and the displays. Therefore staff convenience comes first. That is to say, it should be easy for the staff to install and execute the displays. For example, having displays that have wheels is one way to ease the task for the staff. Further, this will also not cause any harm to the products placed on the displays while rearranging them.   

Conclusion

These are some of the tips that shall help retailers overcome their visual merchandising challenges and make their store more appealing visually. Further, retailers will also be able to effectively manage their store displays.  

Certainly, the fashion industry has faced great changes in 2020 due to the pandemic situation. Further, these changes have not yet come to an end. That is to say, they are still going under changes and things are far from coming back to normal any time soon. Certainly, the pandemic situation has brought with it drastic challenges for fashion retailers. In addition, it has also brought new customer habits that are here to stay for quite some time.

Tips for Fashion Retailers amid Pandemic Situation

We understand that fashion retailers are thriving to find ways get sales in the current situation. Therefore, we at Teranoid, have come up with some tips for fashion retailers. Below, we shall discuss which fashion trends should retailers opt for in the next half of 2020, just as lockdown is beginning to lose so that they can gain maximum benefit.  

Promote protective equipment such as Masks during Pandemic Situation  

Looking at the situation and the safety measures consumers are taking, fashion retailers need to focus on the face masks that everyone is wearing and will continue to wear. So, it is great time for fashion retailers to gain maximum benefit from this investment. Further, even when the lockdown eases further and things start getting back to normal, consumers will still take a lot of time to come back to normal life. Therefore, masks will remain a part of their shopping for quite some time. So, it has become an opportunity for fashion retailers to invest in face masks.

Further, fashion retailers can promote these masks as terming them a necessary part of the fashion clothing. In addition, the consumers can buy masks matching with their outfits. However, retailers should make it a point that the masks are made from antibacterial fabric. Secondly, the masks should be colorful and printed so that they attract the consumers. Thirdly, fashion retailers should also focus on making masks for children. These masks can be different based on colors and animation.      

Home wear is popular during Pandemic Situation

We are all aware that mostly people are spending time at homes. That is to say, mostly people are working from home and the rest too have hardly anywhere to go besides grocery shopping. Therefore in this time, people are not opting to but formal dresses, instead they are focusing more on buying comfy and casual outfits. In addition, many people have lost their jobs. As a result, they are not spending a lot of money is shopping other than the daily life basics. Therefore, keeping in mind all these factors, fashion retailers need to focus on daily and casual wear. Further, fashion retailers also need to focus on home shoes, clothes made of soft and comfortable fabric.    

Stand with the consumers in social issues

Another important aspect that fashion retailers need to keep in mind is to contribute towards the community. That is to say, consumers get attracted towards a brand that feels for the people and relates to them. In other words, brands must take part in societal and political matters, for example, the Black lives Matter Movement, Feminist movements such as the Me Too Movement. Certainly, consumers get attracted towards such brands as they are catering to their emotional needs and taking part in their movements. Further, consumers also are active when it comes to noticing how brands are treating their workers. As a result, this greatly influences their shopping experience. So, fashion brands must contribute to the matters concerning the society and bring positive change in the community and among the consumers.

“It’s through vulnerability that human beings create connections. The more vulnerable we can be with one another, the more that we’ll trust one another and the more we’ll be able to collaborate effectively.”

-Neil Blumenthal

Certainly, we are aware that e-commerce is becoming popular. In other words, the business mechanism and ways are changing with the passage of time. That is to say, with the advancement in time, retail is also changing and things are going towards digitalization. Further, the digital transformation had revolutionized many industries. In the same vein, digitalization has also transformed the retail industry. Certainly, people are more inclined to shop online as compared to shopping from stores. Hence, we can say that e-commerce retail is gaining popularity among customers.  

In this article, we at Teranoid have compiled for you some points that explain how retail commerce and e-commerce website is different from each other. Secondly we shall also explain how e-commerce site is overtaking traditional retail.    

How are traditional retail and e-commerce Retail different from each other?

Well, e-commerce as well as traditional retail are similar in the fact that they have same objectives. In short, their aim is the same; to sell and buy products. Certainly, these both forms of retail are entirely different from each other but if we talk about similarity, then the objective is the only thing that makes them similar.

How are traditional retail and e-commerce Retail different from each other?

Let us now see how traditional retail and e-commerce are different from each other.

Accessibility

Well, one of the major differences between traditional retail and e-commerce retail is that of accessibility. That is to say, e-commerce is more accessible to consumers as compared to traditional retail. That is to say, consumers have to visit the store if they have to buy the product. On the other hand, consumers can simply browse online, select their product of their choice and order it online.

Time

Secondly, traditional retail has limited time hours. In other words, the shop will be open for limited hours. On the other hand, the e-commerce shopping site is available 24/7. Even if it is a holiday, you can still shop form e-commerce site as it is never closed.

Delivery

Another major difference is of delivery. That is to say, the e-commerce site allows shoppers to get their items delivered in various cities. In other words, the customer can order from online within the state or even in some cases outside the state as well. So, this gives consumers more chances to shop from the store. On the other hand, traditional retail is completely different. There is no option of delivery mostly. You just have to visit the store and collect your items at the same time.  

Having said that, the online ordering system has gained popularity during pandemic. Therefore, restaurants as well retail stores have started delivering items online.

Ability to see & touch

Traditional retail allows the customers to see and touch the products and know the product quality. That is to say, consumers can ask the staff about the product and check it physically. This however, is not the case with e-commerce retail. Consumers just see the item and order it. They cannot see the product physically or touch it. In addition, the customers get the item as soon as they purchase it in traditional retail, while in e-commerce retail; consumers have to wait for their product to be delivered to them. This might take 3-4 days or a week’s time as well. 

Conclusion

As mentioned earlier, due to the advancement in technology, the e-commerce retail is certainly increasing its popularity. However, both, traditional retail as well as e-commerce retail has their benefits and setbacks. But for businesses who are deciding on which one to opt, they certainly should opt for the e-commerce site as it more popular and in demand today.         

Certainly, it is hard to decide one effective and useful Restaurant Android POS system when there is a large number of POS variety available. However, restaurants prefer tablet POS because it is handy, modern, and easy to use. Apart from Retail POS, Restaurant POS is gaining popularity as well. Restaurant android POS System that is fast and efficient is the requirement of restaurants. Although they have been developed for more than a decade, but with time it has come advanced tremendously. Further, it is becoming more and more compliant with customer patterns and behavior.

Restaurant Android POS Benefits

Let’s discuss the benefits of Restaurant Android POS.

Restaurant Android POS System Works Offline

Certainly, the worst scenario is to lose the internet connection in the middle of service. That is to say, the customers have to wait while the system is connected to the internet again. Consequently, this not only costs times and money, but is also severely affects the customer service. On the other hand, restaurant Android POS System has hardwired connection which even works offline. As a result, restaurateurs know that they can work freely even without an active internet connection.

Restaurant Android POS System comes with Instant Tech Assistance

Another benefit of Restaurant Android POS System is that issues can be resolved remotely. Certainly, technical issues do arise. However, the ideal situation is that they get resolved instantly. Restaurant Android POS System comes with this benefit. Mostly the POS vendors also provide technical assistance. Therefore issues can be resolved instantly through remote technical assistance.   

In-built payment system

Restaurant Android Point Of Sale comes with an in-built payment system. Therefore, customers can use the mode of payment that suits them. Consequently, this makes the payment fast and convenient for customers. In short, there is no need for separate devices. Everything is in-built. In addition, the guest-facing screen provides customers with billing details. Consequently, they can check the payment and billing process.      

Restaurant Android POS System has Modern Design

Android tablets such as Teranoid are modern and come with highly advanced features. They are not only modern looking but are also useful and highly efficient. It is sleek and reliable.

Automated System

The Android POS is updated automatically during off-hours. Therefore nobody has to install the updates manually or worry about it. Consequently, the staff is aware that they are receiving the updates while they work peacefully.

Cloud Backup System

The Android Cloud POS feature comes with the benefit of accessing the system no matter wherever you are. Therefore, restaurant owners can easily have a view of the restaurant proceedings while they are away. In the same vein, live reporting will let the restaurateurs know if the items are running out of stock. Therefore, this has made the entire restaurant business easier because there is no more the need to stay at the restaurant to know what’s happening around. So, now you can simply know the sales and proceedings while being away. In addition, it provides advanced reporting that helps keep close track of sales, profits, and expenses.

Conclusion

These are some of the many Restaurant Android POS benefits. In short, the system is highly efficient for restaurants and is most suitable and useful.