Twirll

The story of Robert Ilijason It was the middle of night in a small, sleepy Swedish village of Viken. After accidentally dropping the last jar of baby food to the floor, Robert Ilijason drove around the town for 12 miles in search of a convenience store that remained open at night. Frustrated by the ordeal, he then decided to open a shop that remains open round-the-clock, and thus, was born the first 24*7 smart store in Sweden. The specialty of this store is it does not have even a single staff and is entirely automated. The only thing that the customers need is a smartphone, in order to enter the store and carry out the transactions. Choose your pick While it is true that today’s capacity-crunched market, teeming with online and mobile stores, has given varied choices to customers, and added to the already existing woes of the retail industry; the good news is that the tide is slowly turning, with more and more retailers embracing technology. Automation, IOT,  self-serv...

Inventory Metrics Retailers Needs to Focus On Time is money, and in this case, inventory metrics also mean money. One needs to make the best stock decisions to positively shape one’s business. At the end of the day, business data is vital to generate actionable insights, and this data can be used for effective  inventory management . While explaining the above in greater detail, it must be mentioned that inventory metrics act as accurate indicators of stock control, allowing you to see how stock impact every small component of your business. Using inventory management techniques, you shall be able to compare your operational performance against industry standards and then benchmark the same over time. In order to do this, you need to compulsorily know the following inventory metrics: 1. Establish an understanding of inventory turnover- This defines the number of times inventory is sold per annum. You should be knowledgeable about this in order to understand why you mi...

Running a retail business successfully is no mean feat. One needs to keep track of inventory levels, taxes charged, discounts, product prices and daily transactions. Manually keying in details would take a lot of time and efforts, making it cumbersome. By investing in an efficient Retail Point of Sale system, this time can be utilized to expand the business. Retail Point of Sale system  are not new anymore. In fact, several businesses are making use of it to adopt a systematic approach towards business management. One of the greatest functions of a Retail Point of Sale system is its interoperability, as it can be used on laptops, desktops as well as tablets. Apart from this, they can also be operated on smartphones, making them perfect for small businesses as well as non-profit companies. In fact, mobile POS systems are being increasingly used in a number of businesses. If you are running a retail business, the greatest asset for you is the  retail Point of Sale sof...