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Dec 17, 2024 | 
lightspeedhq.com | Kashmala Omar
In many ways, Black Friday marks the start of the holiday shopping season for shoppers. Fresh off Thanksgiving, consumers flocked online and in droves to malls, outlets, big-box stores and other shops to take advantage of deals, discounts and sales. But how can you ensure your business transitions smoothly from this whirlwind of a holiday shopping season? That’s what we’re here to talk about.
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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.
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Oct 31, 2024 | 
lightspeedhq.com | Jody Hewitt |Alix Fraser |Kashmala Omar
Inventory management is crucial in business—but it can be easier said than done. Without full visibility into what you have and what people want, you can easily find yourself ordering too much stock—at the risk of never moving it—or ordering too little, leading to stockouts and frustrated customers who’ll start looking elsewhere. The solution? Good inventory management techniques.
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Oct 31, 2024 | 
lightspeedhq.com | Alix Fraser |Kashmala Omar
What are stockouts and why are they the bane of every retailer’s existence? These empty-shelf nightmares can lead to lost sales, frustrated customers and operational chaos. You don’t need to fear a stockout—with the right planning, you can eliminate them almost entirely. In this blog, we’ll equip you with the knowledge and strategies to prevent stockouts, keep your inventory flowing smoothly and ensure your customers always find what they need:What is a stockout?
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Oct 29, 2024 | 
lightspeedhq.com | Kashmala Omar |Francesca Nicasio |Alix Fraser
Lot numbers play a significant role in inventory tracking. There are many ways in which making use of lot numbers can benefit your business. In this article, we aim to provide a comprehensive overview, starting with the most pressing question: what is a lot number? We’ll also discuss:Lot numbers vs. serial numbers vs. SKUsWhy are lot numbers important for businesses? How to create a lot numberHow to use lot numbersWhat are the benefits of lot tracking?
