Increasing Profitability Using Retail POS System Software

If you are a retail company with anywhere from three to fifty stores, you might be very interested in the new wave of retail point of sale software. Many retail chains appreciate having real-time information from each of their locations. It is also important to maintain an inventory matrix that allows one the ability to view all facets of the items that you sell and purchase. Some retail point of sale software systems offer one of these items at the expense of the other. However, what you want is the combination of live information and current inventory so that you are highly informed about what is going on in your business.

If you have looked into retail point of sale information systems in the past, you may have felt that they are so expensive that there is no way you could afford this necessary business tool. Especially for small companies on their way up, cost is a factor that can determine whether or not new systems can be tried. It is exciting to know that there are companies that provide retail point of sale system software for very reasonable prices. Looking for a company that doesn’t require a long-term commitment is also essential. If you are unhappy with the services you are receiving, you don’t want to be stuck paying high prices for a long-term contract.

Some of the benefits of retail point of sale system software include reduced costs, increased sales and higher profitability. Knowing in real-time your stock on hand as well as that on order or in receiving docks helps you maintain better control. If you have ever experienced a time when the information was slow, you will know how expensive it can be to order something that hasn’t been received yet, just to find out it was sent to another location or was simply in transit. By having real-time information connected to all your locations, you will immediately know what you have and where it is, thus reducing costs.

If you have ever lost a sale because a customer wanted something that wasn’t at a certain location and you had to take several days to find out which other location might have it, you will see the benefits of this type of system. No more sales will be lost simply because of the lack of information about item location. Obviously, if your retail point of sale system software is keeping you updated on all items and their locations, you can’t help but have a higher profitability margin.

One who is looking for such a system might be wary of all the hardware that is usually required to be able to have such immediate information. However, there are some software system companies who do not require the expensive POS terminals. There is a new generation of ?Thin Client” platforms that are available to serve retail chain businesses. Software support is a big part of what a retail point of sale system should include. Having to pay extra for technical support makes such a system difficult to swallow, so be sure to do your research on what exactly is included in the packages offered. Soon, your retail point of sale business will be integrated and smoothly informing you of the things you need to know to improve your bottom line.

point of sale software, retail point of sale, pos retail

Mannequins Are Among The Most Effective Sales Tools In A Retail Clothing Environment.

There are records as early as 1300 BC of mannequin forms in ancient Egyptian tombs. There were life-size, miniature and oversized replicas of the human form. Some imitated kings and others the forms of gods. The purpose of these was obviously not the display of clothing, but rather they held deep religious and historical significance. Though these tomb vigils were not designed for the purpose of clothing, other very early mannequins were used exclusively for tailoring and storing clothing items. Though they were not used for display purposes, these early mannequins of wood, wire, wicker, leather, and fabric were very close to the purpose of their descendants.

As human development and commercialism progressed the need for sales displays grew. Charles Worth created the first recorded mannequins for the use of display in Paris, France, sometime in the 1840’s. His goal was to make mannequin forms that resembled his customers so that they could truly observe the clothing from an exterior vantage. These developed into mannequin forms made from wax, wood and heavy fabric that were kept standing by heavy iron feet, planting them to the floor. Sometimes they were shaped with papier-mch or filled with sawdust. These forms were costly to produce, but as the market for expensive clothing climbed, so the production of mannequins increased and became the center stage for clothing display.

By the 1930’s, plaster sculptures were being developed for department stores in New York City. Mannequin forms grew hair or wore glasses to create realistic portrayals, while other less detailed versions drew more attention to physique. As large glass display windows and expensive store lighting became a common trend, mannequins became an essential part of retail window shopping as well as centerpiece displays, and so display mannequins evolved again into fiberglass models that could be easily mass produced. In the 1960’s, detailed and lightweight mannequin forms were manufactured by the thousands. This abundance allowed some manufacturers and designers the freedom to create abstract forms and styles of all shapes and sizes.

Today, the mannequin is an essential part of any retail store display. Shoppers expect to see clothes modeled by these unspeaking models to show them the vision of today’s fashion. Like many things, mannequins have developed from the human desire to create and copy and have developed into a vital part of modern commercial society.

Mannequins are among the most effective sales tools in a retail clothing environment. But mannequins dont just sell the clothes they are wearing. They are actually important tools for selling all of the clothes around them as well. Mannequins show customers what the store is all about and they create an image within the mind of what to expect from the clothes the store carries.

The biggest thing that mannequins provide is a beacon to certain areas of the store. Mannequins dressed a certain way tell people who are in tune with that particular style that this area of the store is for them. They also are the most visible elements of the store from the outside. This is especially important in large malls where window shopping is the name of the game.

It is important that retailers think of their mannequins as an element of interior design within the store. Mannequins are important tools for all clothing retailers because they contribute to the stores overall ambience and personality. More than any other element of the store, the way mannequins are positioned and dressed tells passersby and shoppers what type of customer your store caters to. Be sure that the mannequins appearance supports the mood and flavor you seek to create in the store.

Mannequins have been around for thousands of years but their use in store display is more recent. Kings and Queens who were concerned about their appearance, like the ancient pharaohs, would have a dress form made to their body dimensions. The court dress maker or tailor would use the dress form to display and make the clothes thus avoiding any royal embarrassment during the course of a fitting.

The evolution of this ancient crude dress form through the middle ages and up until just before the industrial revolution is unknown because there are so few written records and no museum examples to study. Wickerwork mannequins were certainly around in the late 1700s and were probably filled with stuffing and leather. Wire-framed versions came into existence in 1835 but mannequins were still not in use for store display. The invention of plate glass, the filament lamp and the sewing machine were the catalysts that put mannequins in the store.

In the 1880s window panes began to be installed in retail establishments and street lights started to appear. The improvement of sewing machines enabled ready to wear clothing to be made in large quantities. The industrial revolution also created a new middle class with money to spend on what was previously only available to royalty and landed gentry – fashionable clothes! More retail stores opened and the store owners needed mannequins to display the latest fashions.

These early mannequins were made of wax, wood or heavy fabric and because they needed to stay upright their feet were made of iron. To give them shape papier-mch and sawdust were used. Consequently the result was an expensive, hard to maintain and very heavy object. However such was the interest in fashion that by the turn of the century the mannequin was already the center of a fledgling industry called ‘window trimming’ which later became known as ‘visual merchandising’.

Jindal Steel And Power Ltd. Unveils New Retail Identity, Jindal Panther

Jindal Steel and Power Ltd. Unveils New
Retail Identity, Jindal Panther

~ Introduces TMT Rebars as the first product under new brand name ~
~ Jindal Panther TMT Rebars come with a higher degree of strength, ductability, malleability and superior seismic resistant properties ~

New Delhi, August 5, 2013: Jindal Steel and Power Ltd. (JSPL), Indias leading steel and power company today announced the launch of a new retail brand, Jindal Panther in India. The brand is inspired by the Black Panther, a powerful feline synonymous with strength, agility and rebirth.
The first product to be launched under Jindal Panther is the Jindal Panther TMT Rebars, signifying the company’s foray into the retail product segment. The new generation premium quality ribbed Thermo Mechanically Treated (TMT) Rebars have a higher degree of strength, ductility and malleability, yielding the best results for all constructions needs.

Speaking at the launch of Jindal Panther, Mr Ravi Uppal, MD and CEO, Jindal Steel and Power , At JSPL, our brand values are rooted in excellence, innovation and commitment to world class quality as envisioned by our founder Sh. O.P Jindal. Our entry into retail is spurred with an aim to provide top quality reinforced bars to the housing segment. Jindal Panther TMT Rebars have been inspired by the strength and agility of the powerful Panther and promises to empower every Indian home by offering strength and purity to its construction. With this we aspire to serve the emerging needs of infrastructure in the country.

Jindal Panther TMT Rebars have been made with superior quality steel billets with a restricted level of Sulphur and Phosphorus, a maximum of 0.055% to comply with the latest BIS (Bureau of Indian Standards) specifications. The manufacturing process uses the worlds most advanced Morgan Rolling Mill deploying HYQST (High Yield Quenching & Self Tempering) TMT technology, making it more strong and ductile.

Jindal Panther TMT Rebars aims to break the acronym mould of the category, and engage with the end customers to cater to varying housing and construction needs. The high strength, bendability and weldability factors allow the TMT rebar to withstand shock loading and cyclic loading conditions making it an ideal choice for buildings in high seismic zones. Made with consistent mechanical and chemical properties for both residential as well as industrial projects, the TMT rebars have been made available across retails outlets, integrated with a channel network of 40 distributors and over 1000 dealers.
The TMT rebar is being produced at the TMT Rebar mill at Patratu, Jharkhand with a production capacity of 1.0 MTPA, using the leading Siemens rebar production technology from USA.

The mill produces high strength rebars confirming to IS 1786:2008 in Fe 500D, Fe 550D & Fe 600 grade in normal, EQR & CRS quality.
About Jindal Steel & Power Limited (JSPL)
Jindal Steel and Power Limited (JSPL) is one of Indias major steel producers with a significant presence in sectors like Steel, Mining, Power Generation and Infrastructure. With an annual turnover of over US$ 3.5 billion, JSPL is a part of the over US$ 18 billion diversified O. P. Jindal Group. In the recent past, JSPL has expanded its steel, power and mining businesses to various parts of the world particularly in Asia, Africa and Australia.

The company produces economical and efficient steel and power. From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to major infrastructure & housing projects in the country. It also has the distinction of producing the worlds longest 121 metre long rails and large size parallel flange beams, high strength angle irons for transmission towers and high strength earthquake-resistant construction rebars.

The company is equally concerned about the environment and is committed towards restoring natures balance by maintaining a clean and green environment. JSPLs Corporate Social Responsibility policy aims at bringing about a radical transformation in the quality of peoples lives in and around the operation areas of the company through positive intervention in social upliftment and revenue generation programs.

Note:
Panther TMT Rebars Features that Distinguish
1) Jindal Panther TMT Rebars have precise, uniform and parallel rib pattern engraved through computer controlled notch making machines, which results in excellent bond strength with concrete. Parallel ribs on Jindal Panther TMT Rebars have been produced by a high-speed finishing block which is an ultra-heavy-duty block using Tungsten Carbide rings that imparts close dimensional tolerance and superior surface finish.
2) Jindal Panther TMT Rebars have been proven to have higher resistance to cyclic loading and are recommended for earthquake prone areas due to their superior seismic resistant properties. The TMT Rebar meets international specifications for the UTS/YS ratio imparting high ductility and strength. Higher UTS/YS ratio and more percentage elongation signify that the steel is capable to strain harder, in the event of an earthquake.
3) Jindal Panther TMT Rebars have excellent bendability (in spite of their high strength) facilitating easy bending, making work easier and faster at construction sites. This coupled with low carbon content leads to superior corrosion resistant properties as compared to any ordinary rebars.
4) The quenching at 1050 degree celsius and the self-tempering treatment at a temperature of approximately 650C results in a consistent and thick layer of tempered martensitic-ring on the outer surface of the rebar imparting higher capacity to retain strength at elevated temperatures.

For further information, please contact:
Atul Malikram
+91 9827092823

Commercial Remodeling Guidelines For Retail Stores

A successful commercial remodeling project should make the retail location look more attractive and welcoming, while also increasing efficiency and comfort for employees. If you are giving your retail space a facelift, consider the following tips to help you give your location a leg up on the competition.

Find a Reliable Contractor
Remodeling takes away from the time your store is open to customers, so it’s crucial to hire a contractor who meets deadlines. Additionally, look for commercial construction contractors that are licensed, bonded, and insured. Do not be afraid to ask a contractor to meet with you before you make a final hiring decision. If a contractor does not arrive to a preliminary meeting on time, you may have good clue about what working with him will be like.

Make a Great First Impression
First impressions are important, especially for retail stores. Aim for a look that intrigues and welcomes customers. To make your customers feel safe, create a layout that allows a visual scan of the entire store upon entrance. Further enhance the customer experience with shelving units that are not too tall, aisle spaces that are comfortably wide and merchandise that is beautifully arranged in a logical manner.

Use Light to Your Advantage
Lighting can create a certain mood and spotlight products you want to accentuate. Consider using low ambient light with track lights to point customers to featured merchandise. To create a relaxed mood while complementing products, build lights into shelves and custom cabinets.

Paint According to Your Goals
Different colors trigger different emotions. For example, the color orange makes most people feel cheerful. Paint your retail space in a color that will help you achieve your commercial goals.

If you own a bakery, it would be wise to choose the color red, which is known to make individuals feel hungry. Green is a color that can trigger emotions such as growth, health and hope–great for a location that promotes wellness or sells plants. The color blue promotes the feeling of love, tranquility, acceptance and understanding–perfect for a retail store that sells spa products or gifts. Yellow is known to boost a customer’s memory and can help them feel joyful, smart and organized–ideal for a store that sells stationery products or organization solutions. Use colors to produce emotions that complement your product line.

Remodel to Enhance Your Brand
Northwestern University professor of marketing Philip Kotler has written, “In some cases, the place, more specifically the atmosphere of the place, is more influential than the product itself in the purchasing decision.” In this way, retail remodeling can enhance your brand.

Retail space remodeling can be an intimidating process. However, as providers of Portland remodeling services, we here at Sitka Projects can say that retail owners who plan carefully achieve excellent remodeling results. Knowing your target audience and having a firm grasp on your goals for the customer experience are the first steps in making a mediocre retail space explode with life.

The Implementation Of Kpi In Retail Banking

Looking at the typical bank, it would be so easy to assume that managing or operating a bank would be somewhat of a breeze. However, this is not so, especially when it comes to retail banking. There are so many factors at play here that concrete and accurate analysis can be very difficult for any bank manager or proprietor. Fortunately, this endeavor can easily be achieved with the help of KPI in retail banking.

What exactly is a KPI? This is actually an acronym that stands for Key Performance Indicator. This is a quantifiable factor that is used to measure the current performance or status of a business or enterprise, matching this against the goals and objectives that were once set way back during the foundation of the enterprise itself. In laymens terms, KPIs are measures used to determine how far along a business or enterprise is in its path towards achieving goals and objectives. Such is the purpose of the KPI, and this is very much needed when it comes to retail banking as well.

So, what are the KPIs that should be used in the industry of retail banking? These are actually the factors that are related to the overall performance of the retail bank. This is a very broad definition of the type of KPI that you can use in retail banking. To be more specific, here are some of the following metrics that you can use.

One of the metrics that you can use is the total cash deposits that the bank holds in a month. This should be included since this can measure how effective the retail bank is in attracting their customers and clients to make as many deposits as possible. After all, a retail bank earns its profit from the deposits that their clients make, right? Thus, this should be a metric to be included. In relation to this metric, the average annual deposits should also be used as a metric.

Another metric that you can use is the average number of depositors for each branch of the retail bank. Retail banks do branch out over time, especially when business is going well. Thus, it is important to determine the average number of depositors in each given branch. This still pertains to the ability of the bank to attract depositors.

The ratio of active depositors to dormant depositors should also be included as a metric here. We all know that not all accounts in a bank are active. Having a large number of dormant accounts is something that banks want to avoid because this would only mean bad business for them. Thus, this should be included as a metric as well.

The rate of borrowing risk should also be calculated. Banks are primary lending institutions, and when it comes to lending, banks should very well gauge the risk that comes with granting loans. For this, the bank should exert efforts in determining the possibility that the borrower would end up not being able to pay his loan once it matures. There is also that risk that the borrower might default.

These are just some of the KPI in retail banking that you should consider including. With these KPIs, the retail banks operations can run more smoothly.