The Necessity of Tracking Average Order Value
Owners of small businesses don’t always see the need to track and record every piece of information when the business is just starting out. While this may be the case while the business is reasonably new and you are still building your customer base, as the business begins to grow these things will become more […] ... Read More
January 9, 2020 inventory reporting, sales orders, sales revenueAverage Order Value: What Is It and Why Is It Important?
Average Order Value (AOV) is a metric that helps retailers understand their customers’ purchasing behaviours. An average order value tracks the average dollar amount spent every time a customer places an order. Like with all other key metrics, AOVs can be tracked over any time period, but most companies prefer to monitor their AOVs as [&helli ... Read More
January 6, 2020 inventory reporting, pricing strategy, retail, sales ordersWhy You Should “Mobile-enable” Your Sales Team
For companies in the business of sales, processes must be streamlined, effective and user-friendly to improve the chances of sales. One of the easiest ways you can do this is by ensuring your sales team and staff are mobile-enabled. In this article, we explain what is meant by ‘mobile-enabled’ and how it can help improve […] ... Read More
October 19, 2019 sales mobile app, sales orders, sales performanceThe Importance of Sales Reporting to Successful Inventory Control
Every retail, eCommerce or business owner should be familiar with financial reports because they are dictated by legislation and require the disclosure of financial results. These reports are usually released quarterly or annually and include the Balance Sheet, Income Statement, Cash Flow Statement and Statement of Changes in Equity of the organisa ... Read More
August 29, 2019 demand forecasting, eCommerce, inventory control, profit reporting, retail, sales orders, sales performanceEasy Steps Toward Better Sales Quoting
Any business owner will know how important it is to have a streamlined and successful process for sales quoting. In this article, we’ll outline a step by step process for improving the speed and accuracy of sales quoting, to ensure inventory is managed effectively. What is sales quoting? When sales transactions involve the exchange of [&helli ... Read More
July 4, 2019 customer satisfaction, inventory management, inventory management software, sales orders, supplier relationshipInventory Control Can Help Improve Your Sales Quoting
Not all sales transactions start with a listed price for goods and services, instead, a sales quote may be used. Sales quoting allows a business to establish a price based on individual consumer requests for the provision of goods and services. Sales quoting explained A sales quote is used in sales transactions for services, or […] ... Read More
June 25, 2019 inventory control, inventory management software, sales ordersThe Correlation Between Accurate Inventory Control and Sales Growth
Inventory control is much more than just having enough quantities of inventory stock on hand. It is also about ensuring that the right stock item is delivered to the right customer, at the right time. Therefore, it makes sense that a direct relationship exists between inventory control and sales. Accurate inventory control helps a business [&hellip ... Read More
June 24, 2019 business growth, inventory control, sales ordersHow Sales Quoting Impacts Inventory Management
When you work in a retail environment, you’ll recognise that there’s a lot of little steps to take before you get to the final transaction. There can be quoting, sales orders and invoicing. This can also be coupled with invoice-waybill, receipts, and customs declarations. These terms are used to make it easier for companies to […] ... Read More
June 3, 2019 inventory management, sales ordersIntroduction to the Unleashed Sales Process
What is a Quote? A Sales Quote enables a potential buyer to see what the costs might be for the product or service that is delivered to them. In Unleashed, you can use Sales Quotes to start this sales process simply by setting up a quote and sending this to a customer for review. Unleashed provides you […] ... Read More
August 26, 2016 inventory tracking, sales invoices, sales orders, shipments, software training