IQ Retail - Our Blog
There is no denying the fact that data makes the world go ‘round and managing your business’ data and various parts of information in a transparent, organised, integrated and effective manner is key. One of the best ways to ensure that you are part of it is to invest in a reliable and high-quality ERP solution. However, as various data components become more important, it is important to consider a solution that can future-proof your business as opposed to leaving you disappointed. While selecting the right ERP solution for your business can be overwhelming, it is important to choose a system that suits your business. Here are five keys features to look for when making your decision:
The retail industry, the world over, is a tough vertical that often needs refinement in terms of management due to the fast-paced change that occurs within short periods of time. Very often, the success of a retail outlet lies in the capabilities of the management team. If you are looking to improve your retail business, it might be time to review and improve upon your management skills. Here are the most important skills for effective retail management:
Contrary to popular belief, retail management is not a simple job that allows customers to be right all the time. Instead, retail management can determine whether or not a retail business closes its door; whether or not it retains its staff; and whether or not the business is able to keep up with its competitors. However, when hiring for retail management positions, business leaders can often overlook the essential management basics that determines successes or failures. In an effort to ensure that the doors to your organisation remain open, we share the 101 on retail management:
The first generation to grow up with uninterrupted access to technology and information are the Millennials. Millennials are perceived as a tough market to understand which often translates into the workplace. Employers are not sure how to navigate the needs of millennial employees or might not be ready for such changes yet, which can lead to unnecessary confrontation and resentment. So, how does an organisation meet the needs of the millennial target group? When it comes to ERP (Enterprise Resource Planning), we’ve got a few tips to share. If you’re looking to engage millennial users, here are the top ERP features that will help you achieve this:
Enterprise Resource Planning helps businesses make better decisions, improves productivity, mitigates various risks, and assists in reducing costs. Not every small business has an implemented, water-tight ERP strategy though. If you are looking to scale your business, an ERP strategy would be your first step toward success. Here are four reasons why every small business should consider an ERP solution:
ERP, or enterprise resource planning, is a smart solution for small to medium businesses that are looking to improve their internal processes, perfect their time management, increase output, and maximise available resources. If you are looking for the right kind of ERP solution for your retail business or organisation, take a look at our top tips on how to go about choosing the right fit:
With the festive season in full-swing, retail businesses are looking for various ways in which to win over their most complicated shoppers. From the big spenders to budget-conscious, it is important to cater to all shopping styles. However, there is no denying the fact that it is much tougher to cater for the budget-conscious shopper, especially in a strained economic climate. Here are our top four tips on how to win over shoppers who are looking for a little more bang for their buck.
From encouraging the loyalty of existing customers to encouraging the loyalty of new customers, a loyalty programme can give a retail business a significant boost in both awareness and turnover. If you are thinking about implementing a loyalty programme but are not sold on the idea just yet, take a look at our list of convincing benefits before you make a decision:
When it comes to managing and running a business, it’s tough for decision makers to ignore the various buzzwords that become part of our everyday vocabulary. From Y2K and cryptocurrency to digital transformation, trends come and go. However, how do these trends and their influence affect businesses? Often, business managers become transfixed on following the trends instead of focusing their efforts on growing their business.