There is no doubt that 2020 has been a tough year particularly for small business. For some businesses though, it has provided the opportunity to take stock, to diversify or to review business operations and whether the processes in place still work optimally in 2020 and beyond.
At Foresiight, we work with hardware store clients throughout Queensland and Australia. If you run a hardware store and are looking for ways to future proof your small to medium sized business then business software customised for the specific needs of hardware stores is a good place to start.
Here are 6 ways that hardware store software will support you to grow your business.
- 1. Take control of your stock
Do you always have the right stock in the right place at the right time? If the answer is “no” or “not always” then this will incur significant costs to your business. Successful businesses understand where stock needs to be and when, to meet customer needs. They have visibility over weekly and seasonal fluctuations and an accurate understanding of supply and demand. They have automated ordering in place and integration between stock, accounting and point of sales functions.
2. Hardware customisations
You can still benefit from hardware industry customisations without going to the expense involved in implementing bespoke software built specifically for your individual business. With software like ProfiitPlus, Foresiight’s leading all in one business management software, industry customisations are good to go for hardware and tool stores. Read more about ProfiitPlus for hardware stores.
3. Full business integration
With ProfiitPlus up and running, you will achieve one source of truth. That means one database and interface to manage operations throughout your business. When your stock ordering system doesn’t talk to your accounting system it makes managing cashflow challenging and results in inaccuracies. Similarly, if stock ordering doesn’t integrate with point of sale, manual stock takes for re-ordering are time consuming and susceptible to human error. Full business integration is efficient and frees up human resource.
Say goodbye to spreadsheets and manual stock takes. With the right hardware store software in place, integration and automation work hand-in-hand to streamline your business processes. This means that at any point in time, staff members across different teams and/or locations can get an accurate understanding of operations, stock-levels, sales and ordering.
5. Accurate data
With operations automated and integrated, you can be confident that your data is accurate. Using multiple systems and duplicating data entry across these systems, will always result in discrepancies and inaccuracies. Making business decisions becomes challenging because you don’t have confidence in the information you have to hand. Your hardware store software should give you the right data that is a true representation of what’s going on in your business at any given time.
6. Consolidated IT costs
Integrated systems means integrated costs. Streamline your IT resources with one system, one supplier, one database and one license. Reduce staff training requirements and the time spent to manage multiple, disparate systems.
Talk to the Foresiight team about how we can help you grow your business with our leading hardware store software ProfiitPlus. Simply call us on 1800 061 670.
Find out more about ProfiitPlus for hardware stores.