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Jan 8, 2025 | 
lightspeedhq.com | Francesca Nicasio |Jody Hewitt
Retailers managing multiple locations or expanding their operations need tools that simplify and unify their workflows. And when you have various applications in place, keeping them integrated is a must. This is where a cloud ERP and POS integration comes into play. Connecting systems like ERP and POS ensures data flows seamlessly across every aspect of the business. This improves efficiency and delivers actionable insights that experienced retailers rely on to make decisions.
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Jan 7, 2025 | 
lightspeedhq.com | Jody Hewitt
Consignment inventory is a supply chain model that enables retailers and suppliers to build flexible, mutually beneficial partnerships. Whether it’s high-end jewelry, seasonal decor or artisan goods, consignment inventory agreements can be a win-win for both parties. However, like anything in business, effective consignment inventory management requires careful planning and execution to succeed.
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Jan 7, 2025 | 
lightspeedhq.com | Jody Hewitt |Francesca Nicasio |Emily Polner
Efficient inventory management is the backbone of any successful retail operation. It ensures products are available when customers are ready to buy them, prevents overstocking and reduces waste. Enter the perpetual inventory system—an increasingly popular approach that offers real-time stock management and eliminates many of the challenges associated with traditional inventory methods like the periodic system.
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Jan 6, 2025 | 
lightspeedhq.com | Jody Hewitt
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Dec 3, 2024 | 
lightspeedhq.com | Kashmala Omar |Alix Fraser |Jody Hewitt |Catherine Schwartz
These days, consumers expect nothing less than seamless shopping experiences from start to finish. As the final step, checking out is equally as important as the rest of the buying process. And as retail competition grows in a global marketplace, flexible payment options can make or break a sale. In the purchasing journey, convenience and a variety of options are becoming increasingly important to customers.
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Nov 27, 2024 | 
lightspeedhq.com | Alix Fraser |Jody Hewitt |Catherine Schwartz |Kashmala Omar
QR codes are transforming inventory management by providing a fast and versatile way to track and manage stock. These scannable squares can be attached to individual items or shelves, holding detailed product information such as serial numbers, location and purchase history. Using a smartphone or dedicated scanner, businesses can instantly access this information, streamlining tasks like stocktaking, receiving goods and identifying items for sale or transfer.
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Nov 25, 2024 | 
lightspeedhq.com | Jody Hewitt |Catherine Schwartz |Kashmala Omar
Effective inventory control is a cornerstone of smooth retail operations. It’s all about maintaining the right amount of stock—avoiding excess that ties up money and space while also steering clear of stockouts that can disappoint customers. Whether you’re managing a small retail store or a large warehouse, inventory control practices help keep operations efficient and customer satisfaction high.
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Nov 20, 2024 | 
lightspeedhq.com | Catherine Schwartz |Kashmala Omar |Jody Hewitt |Alix Fraser
Stock management means overseeing a business’s goods from A to Z. Essentially, it involves overseeing how a company orders, stores, tracks, and controls its inventory. Solid stock management ensures businesses maintain the optimal levels of stock. Its goal is simple: to meet customer demand. It aims to avoid having too much stock or running out of products. Too much stock can waste money, while running out can disrupt operations and hurt sales.
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Nov 7, 2024 | 
lightspeedhq.com | Jody Hewitt |Kashmala Omar |Francesca Nicasio
Whether you’re a neighborhood hotspot or a growing group of restaurants, a kitchen without smooth order flow impacts your customer service, food quality, and ultimately, your business’s bottom line. That’s why efficient order management is essential—not only for your kitchen’s output but for your business’s profitability. As the beating heart of your restaurant, your kitchen operations affect everyone, from chefs and back of house to servers and, of course, your customers.
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Nov 4, 2024 | 
lightspeedhq.com | Kashmala Omar |Jody Hewitt |Alix Fraser
Effective supply chain management can save businesses both time and money. Two of the most important components of supply chain management include efficient inventory management and accurate demand planning and forecasting. While deeply connected, each serves a different but equally important purpose. Supply chain management encompasses all the processes involved in sourcing, procuring, producing and distributing goods.
