Finding the best retail POS system can be a daunting task. It’s a major business decision and retailers are faced with an array of choices and features across a large market. No matter what you sell and how you sell it, there is a solution that matches your...
Key Takeaways: Open-to-buy (OTB) is a purchasing budget that tells you exactly how much you can afford to spend on new inventory during a specific period, based on your planned sales, what you already have on hand, and what you already have on order. Calculating OTB...
Key Takeaways: ABC analysis categorizes inventory into A (high-value), B (medium-value), and C (low-value) based on revenue contribution. Manual ABC analysis is possible but can be complex and prone to errors; automated inventory management software like KORONA POS is...
Over the last 25 years digital forms of payment have been on the rise. What started as credit card sales through telephone lines and eventually computers, gave birth to a new type of online payment. Sending money quickly, securely, and digitally without the need for...
