When planning store visits for their field teams, managers have to follow the system imposed by their retail execution app, sometimes compromising due to a lack of software flexibility. This is why – when faced with the question “how to plan retail visits for field teams” – the developers at VisitBasis took into consideration all …
Why Do Small Agencies Need a Retail Execution App Small and medium marketing agencies are essential to CPG manufacturers and distributors. They are the ones who audit merchandising and promotions at local retailers, in addition to implementing direct advertising to customers as well as other activities. Many small marketing agencies, however, still rely on obsolete …
Out-of-stocks are a major problem for any retail business. When a customer comes in looking for a product and it is not in stock, the sale is already lost and, in the process, the customer might convert to another brand or store. But how to shorten the time between an out-of-stock and replenishment or, better yet, how to prevent out-of-stocks to happen in the first place?
Performing regular retail audits are a necessity for any business with a retail footprint, from CPG manufacturers monitoring brand compliance to convenience stores verifying safety checklists. However, due to delayed reporting, red flags in retail audits can sometimes take a long time to reach the appropriate decision-maker and will easily snowball.
A platform for merchandising turns the rep’s smartphones and tablets into data-collecting devices just by installing an app while also allowing office-based supervisors and managers to customize the forms and checklists the reps will be answering. Moreover, all data collected is automatically stored in the cloud and quantified, leading to up-to-the-minute reports.
Mobile technology brought with it the ability to capture data with smartphones and tablets as well as GPS tracking of such devices. It was just a matter of time until retail audit platforms with field force tracking and data collection features started to be developed. But what are the biggest advantages of these types of software?
Knowing if a product is available at stores is of utmost concern for many managers at CPG companies: from merchandising to retail channel operations and from marketing to finance, many departments have their performance measured by how well revenue grows during a fiscal year. Product shortages or recurring stocking issues, however, can seriously affect revenues, especially because shoppers may switch brands because of these issues.