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No matter what type of business you run, whether it’s a retail, distribution, or manufacturing business, inventory is one of the integral parts that hold up the whole model. You have to maintain an accurate ratio between demand and supply by analyzing your inventory items periodically. To ensure visibility across the inventory process, you need a reliable
For every retail business, inventory is like a heart that holds all the processes together. If there’s mismanagement of stocks, your business performance will get affected. But if you handle the inventory efficiently, the cash flow will be steady and the customer satisfaction level will be higher. This is why, when running a retail business, it's said
The majority of grocery and food consumption in India depends upon approximately 15 million Kirana or small retail stores. Although the system was working fine, ever since the COVID-19 outbreak started, the store operators faced various challenges. These include:
Scheduling online ordering & delivery of items,
In the fashion products segment, the retail corporation is gaining more importance to enhance India’s retail ecosystem. Back in the year 2020, when the COVID-19 outbreak started, many issues arise, such as:
Increase in inflation,
Global Financial crises,
Increase in unemployment,
Shutting down of businesses, etc.
In the current scenario, almost every business segment is trying to make its strong digital presence. Whether it’s a small or medium scale business or a big enterprise, everyone wants a reliable online presence to work in the digital environment. In all these aspects, the digital payment mechanism plays a crucial role. Imagine sending e-invoices directly
COVID-19 had a great impact on our everyday lives. It has changed the way we purchase and pay, forcing businesses to implement better ways to operate. As the health concerns among people increased, we started avoiding handling cash, crowded places, and adopted shopping habits, giving rise to contactless or digital payments trends. Although digital payments
As the terror of COVID-19 is still on the rise, companies that fall under several verticals are still facing difficulties in their revenues and business. But for e-commerce industry, 2020 has been a good year. And on top of that, it will reshape the structure of India’s online industry in 2021. Various trends affected the e-commerce sector as it triumphed
A POS System is the backbone of the whole backend operation of the business within one system. It is a vital component that integrates multiple departments into a single system that helps in speeding up the whole process.
TRADITIONAL POS TRENDS
The use of a traditional point-of-sale system was to capture billing, inventory, and payment details. They were
If we talk about the business world, then 2020 has been the year of innovations and digitalization. Many changes were witnessed throughout the year because of the ongoing pandemic. Retailers, distributors, manufacturers, everyone started looking for innovative solutions that can enable them to work remotely, with safety and security. And POS systems are one
Mobile apps have influenced the lifestyle of almost every person on this planet. Not only that, but mobile applications are playing a vital role in business transformation also. Over the last couple of years, various segments have come forward to digital transformation and take the business online. Out of which, the grocery business experienced astonishing