This has had a direct and measurable impact on the revenue generated by each 99 Bikes store.
“It means we can now run competitions and sales rewards which lead to improved sales revenue from our staff” says Matt.
The re-order function within Retail Express uses intelligent algorithms and takes many different factors into account to recommend the optimum level of each product to order – such as supplier lead time, stock on hand in other stores and average sales volumes.
If needed, sales staff can transfer stock between stores rather than purchasing new stock, leading to a reduction in wastage from over-stocking and significantly improved cash-flow.
Inventory optimisation typically improves the financial return on stock by as much as 8%.
The intuitive nature of the Retail Express platform and the in-depth support provided every step of the way means that 99 Bikes can expand their operations knowing their POS solution will readily scale with them.