The highs and lows of seasonal hospitality business can spell trouble if not managed. Luckily, there are solutions to deal with seasonality.
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Every business collects, stores, and analyzes data. Our customers receive many invoices daily, each containing vital data that informs accurate inventory counts and purchasing decisions to maintain margins. Businesses use tools like accounting or back-office systems to keep track of the constant influx of invoice data, but that
Managing inventory is a critical task for liquor and convenience stores, as well as other off-premise retailers. Whether it’s a single outlet or a chain, efficiently managing current stock, tracking deliveries, handling invoice payments, and managing item-specific data is essential for operational efficiency. Fortunately, Modisoft and Fintech provide
Convenience stores, liquor stores, and smoke shops are a few examples of businesses in off-premises retailing. The term “off-premises” relates to alcohol purchasing and consumption, meaning alcohol can be bought at the location but cannot be consumed there like with a bar or restaurant. These stores carry a
Scan-based trading (SBT) is a consignment selling model that offers improved inventory management, streamlined processes, and better collaboration between retailers and suppliers. Technology integration is central to its success, facilitating seamless transactions, data insights, and enhanced decision-making. Let’s look at how SBT and technology intertwine to create retail
The quest for variety and customer satisfaction stands as a cornerstone for retail success. One strategy that has been making waves in the industry is scan-based trading (SBT), a method that not only influences inventory diversity but also reshapes the dynamics of local markets. Here are some ways
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