Blas%ng  Off  To  Faster    Business  Growth  

   How  Rocket  Fizz  Speeds  Store  Openings  And  Boosts  

Opera8ng  Efficiencies  With  Updated  POS  

Webinar  Sponsored  by  

#POSSpeed  

#POSSpeed  

Welcome  Webinar  ADendees  

#POSSpeed  

Follow  This  Webinar  On  TwiDer  

#POSSpeed Retail  TouchPoints:   @RTouchPoints  

Lightspeed  POS:   @Lightspeed  POS  Rocket  Fizz:   @RocketFizz  

#POSSpeed  

About  Retail  TouchPoints  

ü  Launched in 2007

ü Over 30,000 subscribers

ü  To provide executives with relevant,

insightful content across a variety of

digital medium

Free subscription to our weekly newsletter: WWW.RETAILTOUCHPOINTS.COM/SIGNUP

#POSSpeed  

Panelists  

Debbie Hauss Editor-in-Chief

Retail TouchPoints

MODERATOR

Rich Shane CEO

Rocket Fizz

Brad Malmberg Director of Sales

Engineering & Training Lightspeed POS

Blasting Off to Faster Business Growth 

Brad MalmbergDirector of Sales EngineeringLightspeed POS

Rich ShaneCEORocket Fizz

Debbie HaussEditor-in-ChiefRetail TouchPoints

What we will cover today

•  Scaling for growth

•  Managing a high volume supply chain

•  How technology solutions can help

ROCKET FIZZ !OVERVIEW!

Problems Uncovered

•  Store openings were not efficient•  Limited visibility into sell-through data

•  Old-school cash registers a headache•  Hard to search for and find specific inventories

•  Re-ordering based on intuition and eyeballing

STORE OPENING EFFICIENCY!

Store Opening Efficiency

PROBLEM: 25 pallets arrive at once!

•  Temperature sensitive products•  Blocking the sidewalk & access to other stores

•  Team waiting for instruction

•  Owner anxious to make the cash flow•  Paper-based invoicing & pricing system ...BAD

SELL-THROUGH DATA VISIBILITY!

Sell-through Data Efficiency

PROBLEM: 1,000s of SKUs, but which are the best sellers?

•  Inventory = cash “invested” into business

•  When to invest?•  Into what?

•  Products on shelves = Sales opportunities•  Right products on shelves = Sales

CASH REGISTER HEADACHES!

Cash Register Headaches

PROBLEM: “Register tape is in the mail”•  Calculate % of sales revenue

•  Teaching owners to become merchants•  Line busting

•  Store roll-up across multiple registers

•  Cash register reports vs. POS reports

SEARCHING AND FINDING SPECIFIC ITEMS!

Searching & Finding Specific Items

PROBLEM: “Do you carry…” “Can you get…”

•  30+ suppliers•  1,000s of products

•  What hot’s now?

•  “I’m having a party, can you help me?”

INVENTORY MANAGEMENT!

Inventory Management

PROBLEM: What do I need to reorder? •  20,000+ SKUs in the universe

•  3,000 to 4,000 SKUs in each store•  Visual inspection vs. Auto reorder

•  Guesses vs. Sales trends

Additional Resources

Independent Retailers Guide to Buying Inventory

POS Buyer’s Guide

The Psychology of Price*Recorded Webinar featuring

RMSA*

www.lightspeedPOS.com/resources! www.rmsa.com!

Or get in touch with us directly!

12 Retail KPIs You Need to Know

#POSSpeed  

Q  &  A  //  Panelists  

Debbie Hauss Editor-in-Chief

Retail TouchPoints

MODERATOR

Rich Shane CEO

Rocket Fizz

Brad Malmberg Director of Sales

Engineering & Training Lightspeed POS

Thank  You  For  Joining  Us!  

View  this  presenta8on  on-­‐demand  at:  h@p://rtou.ch/posspeed  

Rethinking  Retail.  Reimagining  The  Customer  Experience.    

retailinnova%onconference.com  

June  16-­‐17    //    NYC  

FEATURING: