What have you got, what do you need, where is it, and who wants it? Can inventory analysis tools help?
These are the simple questions at the heart of the seemingly complex problem of inventory analysis. Of course, turning those questions into actionable tasks while you’re in the middle of running a salon is no easy feat.
That’s where inventory analysis tools come into play. The name sounds complicated but really the goal of these tools is to make things easier. It is about automation, about linking sales and deliveries to real-time stock counts, about giving you the opportunity to control and sell your products the way you know will work.
The best inventory analysis tools give you anywhere, anytime access to your inventory so you can effectively manage your business without compromising your time with your customers.
Inventory Analysis Tools at the Point of Sale
It can be best to try to tie your inventory solution into your active day-to-day business. Rather than have it hanging over you as a separate chore that adds work to your schedule, it can be possible to have it churning away in the background unnoticed as you go about your core tasks.
There are digital solutions available that can help you manage customer appointments, sell products and services, create discounts, collect tips, manage your staff roster and track your inventory all within one app.
These apps centralize everything into the same screens you use at the point of sale, for working at home, and when you’re on the go.
For example, when you help a customer through the sales process their information can be added to your loyalty program at the same time as the product their buying is marked off your inventory list. Even further, the details surrounding the sale can be recorded as well, so that in the future you’ll be able to see any trends your customers are following.
The goal here is to find an inventory analysis tool that automates as many of the little chores that make up inventory management, so you have more time to look over more accurate information.
Do you know what your top five highest selling products were this week? This month? How long would it normally take you to figure out such a core stat about how your business is functioning?
When you embrace the right kind of inventory analysis tool you can get this kind of real-time inventory analysis without any additional work. All the information is gathered at the same time as you’re making the usual sales and purchasing orders you already handle day-to-day. The beauty is that when you find yourself with a little time to reflect you can access that kind of live information instantly.
And you can access it from any platform you prefer. You can do it from your digital POS register when things get quiet in-store. You can get it on your smartphone when you’ve run out of Netflix options at night. You can get it on your iPad when the kids put it down for a second.
Importantly, this information can have a positive real-world impact on how you run your salon.
What Is Selling and When?
Real-time product inventory insights show patterns that can help you better run your salon. You can, for example, easily spot which brands are the most popular, how new products are performing against the customer favorites, or even how the changing seasons affect demand for services. These are things you may already have a hunch about but confirming them with actual data can give you the confidence to act.
Then there are the trends and facts you weren’t aware of. No customer likes being told you’ve run out of their favorite brand, color, or size of the bottle. You don’t want to give your rivals the chance at impressing your loyal customer because you’ve forced them to shop elsewhere for the products they trust.
Automated inventory analysis tools prevent that from happening by alerting you to low stocks or rushes on popular items. You can control the “safe” stock levels you’re happy working with so whenever you get that automated message on your phone you know you’ve got time to order more.
Your inventory analysis tools are there to make life easier. They’re like some dream staff member that gives you the peace of mind of knowing your stock is well looked after.
Inventory Analysis Tools Make Your Business Better
Digital inventory tools perform the tedious little shores that would otherwise keep you from your core business. You know the salon game. You know how to give customers a unique, rewarding experience every time they make an appointment.
So, let the computer deal with the constant flow of products, the small changes in buying habits that can make a big difference. With the right inventory tool you’ll be left to make decisions, not take home extra work.
The automated inventory systems created by talech capture all the important customer information you need at the time of sale. This information can provide helpful insight into your business and leave you in control of how to best serve your customers. Sign up for a free demo and get a look at a better, easier way of managing your salon.