The Retail Vantage
  October 2011
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In This Issue
Three Ways to Streamline Shipping
Go Mobile with CounterPoint SQL
Tech Tips
Why You Don't Want to Be the Low-Cost Leader
Purchase Equipment and Software Now
Every Good Retailer Can Become Better With RMSA
Referral Rewards
Follow Advanced Retail Management Systems on Facebook
 
 
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Three Ways to Streamline Shipping for the

Holiday Rush

  
  

The holiday selling period is paramount for many small business owners, and shipping product quickly, economically and accurately can mean the difference between a successful and a ho-hum fiscal year. For many companies, it's about streamlining processes to better meet increased demand from the seasonal rush.

 

"The consequence of inefficient shipping can be a disaster," says Stephen Antisdel, manager of Precept Partners, LLC, a Buchanan, Mich.-based web development and strategic consulting firm. "When a company fails to fulfill orders in a timely way, it's a customer service and PR nightmare."

 

To avoid those hassles, Antisdel recommends doing research on shipping vendors far in advance of the holiday rush as possible. "You won't get the time and attention you need from the vendor reps while everyone is in the heat of the battle," he warns.

 

Consider not only rates and discounts, but also compare packaging requirements: Will they pick up? If so, how often? Will they leave a container on site for your staff to fill, which saves space in your shipping area? What is their service like from your customers' perspective?

 

Continue Reading: http://www.entrepreneur.com/article/220330

 

Source: Entrepreneur

 

 
Go Mobile with CounterPoint SQL
  

 

2B Mobile Inventory Management for CounterPoint includes:

 

  • Item Manager: Quick and easy access to item information - even check quantities at other locations! View items details such as current stock quantity, price, margin, SKU, description, department, category, bin and last sale date. Item edit and real-time lookup included.
  • Physical Inventory: Scan the barcode of inventory items to record actual store quantities. Quickly transfer scanned information from 2B-Inventory to Counterpoint to calculate differences in orded and actual inventory.
  • Receiving / Transfer In: Scan items (or manually enter item code for items with no barcode) and enter quantities received (including serialized inventory). Multiple options for receiving inventory include: auto-PO reconciliation, choose a PO or choose a supplier.
  • Transfers: Simplify the task of issuing and requesting transfers in multi-location environments. Simply chose a to and from location and add items by scanning a barcode, entering an item number manually, or searching for an item. Create quick transfers and transfer requests.
  • Mobile Tickets / Orders: Enter customer, items, and quantities. Use the one click transfer to update your point of sale database with the customer and ticket information. Recall ticket or order from the point of sale to complete the transaction. If customer is selected, price rules will automatically apply!
Purchase Requests: create a purchase request based on the supplier you chose or let 2B-Inventory create the purchase request(s) based on the items primary vendor. Chose your preference and begin scanning items...2B-Inventory will do the rest! 
 

Sign up today for one of our upcoming webinars listed below and find out how 2B-Inventory can save you time, increase accuracy and give you the competitive edge!

 

All times are US/Mountain

Product                    Date             Time                           Sign-up

2B Mobile Inventory    10/26/11       11:00 AM-12:00 PM       Register

2B Mobile Inventory    10/27/11       11:00 AM - 12:00 PM     Register

 

For questions, or if you want to register by phone, Contact Susie Carmen at (800) 305-0461 Ext. 357 or e-mail her at Susie.Carmen@armsys.com

 

Microsoft Certified Mobile Solution AT&T network

devCentral certified solution

 

 2B Solutions

Tech Tips

  

Tech Tips

 

Adding Customers on the fly

 

CounterPoint SQL now includes a simplified form for adding customer records " on the fly." You can configure CounterPoint SQL to display this simple form whenever you add a customer record from a LookUp or after entering a Customer # that is not on file. The simplified Customer add-on-the-fly form includes fewer fields than the standard Customers form, which reduces the amount of information that is requested and streamlines the process of adding new customers on the fly.  

 

 

 

 

Why You Don't Want to Be the Low-Cost Leader

  
  

Low-Cost LeaderWhen you select a pricing strategy--that is, decide how you wish to price your products or services--what is your goal? The first answer that comes to mind may be to maximize profits, but that isn't a good enough answer.

Think about it this way: When your company develops new products or invests in a new marketing campaign, what's the goal? To maximize profits. But that doesn't tell you what types of products to develop or which customers to target or what message to deliver.

 

Both Ikea and Mercedes want to maximize profits--and they use very different pricing strategies to do so--but we don't think of Ikea and Mercedes in terms of their pricing strategies. We think of them in terms of their products and positioning. Ikea is a fun, designer, starter furniture store; Mercedes is a luxury automobile manufacturer.

 

Both companies set their pricing strategies to be consistent with their overall goals and the vision of who they are. Price follows their corporate strategy--not the other way around.

 

What is your overall strategy? It's the general description of how you compete in the market. It is your sustainable competitive advantage. Your strategy should be based on how your product or service differs from your competition, from product features or location to marketing or the breadth or focus of your offering. It can be many things, but it shouldn't be price.

 

Source: Entrepreneur
 

  

Purchase Equipment and Software Now with

2011 Tax Benefits!

  

You can purchase additional equipment and software now for your Point of Sale system to help you run your business while taking advantage of Section 179 tax benefits.

 

What is Section 179?

Tax benefits, including the Section 179 provisions that aided businesses in 2008, 2009, and 2010 were extended into 2011. Under Internal Revenue Code Section 179, businesses are allowed to expense up to $500,000 on most equipment and software placed in services during the 2011 tax year. If your business entity is a sole proprietorship, S Corp or LLC, this depreciation deduction is filed on your personal return, form 4562. Contact your tax advisor for further details.

 

Tax BenefitsHow is this year different?

In 2011, if your deduction creates an operating loss, you may be able to carry back the loss for two prior years to generate a REFUND. This is a BIG change from Section 179 depreciation in prior years when you could only offset the deduction against current year's income and carry forward any loss. Up to $500,000 depreciation deduction may be taken for equipment placed in service in 2011 compared to $250,000 in 2010.

 

Example of Purchasing $10,000 of Equipment

If you purchase additional equipment and software during the tax year 2011, you can write off the entire amount of the purchase as long as you have not already exceeded the $500,000 limit of total equipment. Assuming your business is in the 35% tax bracket, you will generate $3,500.00 in tax savings ($10,000 x 35%). In other words, your investment will be $6,500.00.  

 

Leasing is Available with Affordable Monthly Payments

Leasing is a great way to acquire the equipment and software you need today to run your business without tying up capitol and you can still take advantage of Section 179 for the tax write off. A typical monthly lease payment for equipment and software that costs $10,000 based on 60 months, 2 payments up front, would be $225.40. Considering your potential tax savings the first year (not including interest deduction) of $3,500.00, compared to your first year of lease payments of $2,704.80, you will have a positive cash flow of $795.00 after 12 payments.

 

Contact Us Today

To learn more, contact our Inside Sales Team today at (800) 305-0461 and ask for Stacey, Andrea, or Rob or E-mail us at insidesales@armsys.com Please consult your tax advisor to be certain how Section 179 will apply to your business.

 

 

Every Good Retailer Can Become Better With RMSA

   

For over ten years Advanced Retail Management Systems has been partnering with RMSA to provide its customers with a merchandising solution for planning, buying, inventory strategies, markdowns, and open-to-buy. RMSA has provided independent retailers with sales forecasting and inventory planning solutions for over half a century. RMSA combines a comprehensive technology platform with a dedicated team of experienced retail professionals that help retailers consistently achieve profits above industry norms.

 

Retailers today must generate more sales revenue and be able to sell inventory more quickly than ever before.  On a monthly basis, the data you are already gathering from Retail Pro or Counterpoint SQL is uploaded to RMSA electronically. This information updates and trends your merchandise plan by classification and store and is quickly returned to you. Each client is assigned a personal consultant who will review the plan with you and your team and make strategic suggestions.

There is no equipment to buy, no long term commitments to sign, and it costs nothing to find out if the RMSA solution could benefit your retail operation.

  

To receive a no cost Financial Performance Review, which will help you determine your store's true upside profit potential, contact Ritchie Sayner today at armsys@rmsa.com.

  

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Advanced Retail Management Systems
Referral Rewards
  
$100 for You and $100 for the Retailer You Refer!


ARMS Referral ProgramHere's how it works:

1.   Let us know the name and contact information for another retail company that is looking for a POS system and receive a $100 Visa Gift card that can be used anywhere Visa debit cards are accepted.

 

2.   Once the referred retailer participates in a 1 hour web presentation for CounterPoint, Retail Pro or Microsoft RMS they will also receive a $100 Visa Gift Card.

 

 

Contact us today with your referral. Call Susie Carmen at (800) 305-0461 Ext 357 or e-mail her at susie.carmen@armsys.com.  Visit our website to register your referral at www.armsys.com  

 

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