By Jim Lewis, CEO Enhanced Retail Solutions LLC For many years, we have talked to our clients about the significant savings in time that solutions like ours provide. But measuring it can be tricky. Having more time to make smarter decisions rather than building and formatting reports is one aspect. But another aspect provides benefits […] The post It’s About Time appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, Founder and CEO of Enhanced Retail Solutions LLC About 10 years ago, we embarked on a project called Retail Narrative. The concept, using what we call “Augmented Intelligence” provides our users and consultants with a weekly synopsis of their business. The Narrative engine goes through the weekly POS sale and inventory data […] The post Introducing Retail Narrative 3.0 appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, CEO Enhanced Retail Solutions LLC I braved it on Black Friday and went to the mall. It was great to see so many people out shopping- just like the old days. Before the pandemic. Before Amazon. Before blueberries at $6.99/lb. There is nothing more exciting in retail than physically watching a product […] The post The Planner’s Holiday Todo List appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, CEO Enhanced Retail Solutions LLC With the election over, we can now focus our attention on something that we can all agree on. What makes a great POS report. Based on what I’ve seen out there, we can’t really agree on that either. If your reporting is just a sea of numbers, […] The post Take the POS Reporting Test! appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, CEO Enhanced Retail Solutions LLC Unless you shop with your eyes closed, you’ve noticed that just about every product you buy has gone up in price. Even at the dollar stores I see more $3.00 items. Inflation along with a variety of other global factors has done a real number on the […] The post The Price Is Right? Not All Stores Win the Game appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, CEO Enhanced Retail Solutions LLC This week we got a lot of questions about ladder planning. No matter what you call it, it is an essential part of inventory planning. The concept can be summarized in 3 words: Plan, compare and revise. You come up with a weekly sales plan, compare it […] The post The Benefits of Ladder Planning appeared first on Retail Sales & Inventory Reporting ..read more

By Jim Lewis, CEO Enhanced Retail Solutions LLC Returns. It’s part of the retail experience. An easy return policy is a must to built trust and loyalty with the consumer. Exceeding customer expectations can provide great benefit to the retailer, but there are costs  The actual cost of returns is a hazy area in most […] The post Managing and Measuring Returns appeared first on Retail Sales & Inventory Reporting ..read more

By Jake Frimmer, ERS Business Analyst Intern Amazoning Smarter It is no secret that Amazon has revolutionized the retail industry. They offer unparalleled opportunities for businesses to reach a global customer base. Managing an online retail business differs significantly from managing a traditional brick-and-mortar store. That said, succeeding on Amazon takes more than just listing […] The post Managing Inventory for Amazon appeared first on Retail Sales & Inventory Reporting ..read more

By Jake Frimmer, ERS Business Analyst Intern In today’s fast-paced retail environment, the ability to make informed decisions quickly can set a business apart from its competitors. This is where data analytics comes into play. By leveraging data analytics, retailers and their partners can transform raw data into actionable insights and make decisions that increase efficiency, boost sales, inventory productivity and improve overall profitability. The retail environment generates vast amounts of data daily, from sales transactions and customer interactions to inventory levels and other supply ch ..read more

By Jake Frimmer, ERS Business Analyst Intern Having worked with ERS for the past six weeks, one of the most important things I have learned is the critical role of effective inventory management. This practice, when executed well, can significantly contribute to business success. It is important to note that being understocked and overstocked can have severe consequences. Over and Under Overstocking ties up capital that would be used for other business activities like marketing, R&D, or expansion. This excess inventory may cost more in storage or can become dead stock. It can also lead to ..read more