Halloween is the occasion when stores sell everything from sweets and pumpkins to costumes and decorations. For a well-prepared retailer, Halloween inventory management is the key to help them get through the season without dealing with piles of leftover stock and having to sell at a loss. So, in the spirit of this spooky holiday, we wanted to share our top 3 tips to maximize Halloween sales and at the same time minimize the risk of waste.
Keep track of Halloween inventory management with the whole team
Your whole staff must be on the same page in order to enhance the effectiveness of your facilities. They must know the task orders to which they have been allocated, when they’re meant to be finished, and what their responsibilities are.
When using ConnectPOS, things seem to get easier. You can avoid jobs sliding through the cracks if your whole team understands how to submit, track, and follow sales orders. It’s critical to thoroughly train everyone on the program and establish a mechanism to guarantee that everyone is utilizing it.
Notably, Halloween, a holiday based on aesthetics and creativity, provides businesses the opportunity to sink their uniqueness into creating an exceptional shopping experience truly. So your entire staff should collaborate on how to entice customers with your visual merchandising.
You’ll be able to save everything connected to facility maintenance if your complete crew is on board with using the same POS system. This information will come in handy later on when you need to justify capital investments, expand your crew, or decide whether to repair or replace equipment.
Apply technology to maintain the inventory properly
As you may know, it’s critical to estimate how much inventory you will require for the year and devise a strategy to ensure you never run out. Some people may do this by stocking up in January and using it throughout the year. When you’re on the verge of running out of anything, you can order goods in large increments.
Halloween inventory management is crucial this time, no matter how you do it. When an asset is failing, the last thing you want is to run out of a vital part. So be sure you know how much stock you have, how much you’ll need, and when you’ll need to reorder.
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So don’t hesitate to apply technology to sales. Interactive and self-service kiosks are examples of advanced automated technologies. Self-service kiosks have the ability to speed up regular procedures, boost throughput, and, as a result, reduce waits and lineups. Also, Multi Source Inventory, a maintenance inventory management software, may assist retailers by giving an alert when your inventory falls below a specific threshold and reminding shop owners to restock.
Follow maintenance schedule daily with Halloween inventory management
One more note if you want to handle the store’s inventory better: make a schedule for your work. Figure out which work orders need to be addressed, where buildings are located. And draw out a list of supplies needed to support the work in each building before you start your day.
Planning your day and managing work orders becomes even easier when you use ConnectPOS! You can receive notifications on your smartphone or tablet whenever submitting a new order. It allows you to stay up to date on all of your facilities’ requests wherever you are.
Moreover, store owners, thanks to POS, can observe daily performance through the report system and control shift records of employees. This extremely convenient feature supports quick management and reduces loss of goods. Any manager would feel safe to use ConnectPOS.
In short
Nobody is implying that Halloween inventory management is simple. Nonetheless, many businesses have mastered their profits by using ConnectPOS and MSI. So to easily turn all your seasonal burdens into opportunities, call us right now to get a free trial!