4 ways to increase retail efficiency

Physical asset management is becoming an important investment for retail chains to increase the lifetime of assets such as buildings and equipment. To remain successful, retailers must be quick to adapt and ensure the right processes are implemented. 

Simple processes can be programmed to boost service and improve business efficiency for the benefit of employees and most importantly customers. 

One key challenge faced by brick-and-mortar stores today is the principle of speed emulating the fast-paced shopping experiences of online stores. 

With the help of intelligent management solutions, productivity standards can increase to drive change for both employees and customers. 

How can your retailer implement change to increase efficiency? 

1. Centralize control of assets 
   Controlling access to critical keys and devices is ideal to improve ROI. Take control and grant permission at specific times to certain employees for use of keys and shared devices. Save time, minimize delays, and ensure equipment is readily available. 
2. Reduce manual administration
   An administrative control system can reduce manual workload and costly admin expenses. Retailers can run their business more efficiently using a suite of TrakaWEB features to update user credentials and maintain visibility of what assets are used. This gives employees more time to spend with customers.
3. Enhance real-time visibility 
   Ensure accuracy and continuous flow of use of shared assets to ensure mobile scanners are readily available for use by staff. Avoid unnecessary delays, uncertainty to provide a more focused working environment and to ensure customers’ needs are met instantly. 
4. Minimize human error
   Drive efficient use of vehicles and equipment by safeguarding access to use specific machinery and vehicles. Ensure systems work only for authorised personnel with valid licenses to reduce downtime, costly expenses, and further human error incidents

Enhancing Tesco's efficiency with Traka solutions

Traka works with retailers across the globe to implement intelligent management solutions that help increase operational efficiencies. Retailers, such as Tesco, have the capability of seeing who has removed which device, when it was taken and when it has been returned.

"Before Traka, my job was a bit of a nightmare. I used to come in and not be able to find the equipment I needed. Traka is great. I come in the morning now and can get my devices and do my work and then it makes me happy all day". - Tesco employee.

Traka solutions provide retail staff with peace of mind ensuring devices are in place, fully charged and quick to access, enabling staff members to be organized and utilize time efficiently when responding to customer queries.

Watch the full Traka and Tesco video here: https://www.youtube.com/watch?v=5b-2wJnEj24 

In summary, to keep up with competition and thrive in this ever-changing retail environment businesses need to focus their attention and resources on efficiency solutions to support employees. Not only will this ease staff's operational processes but will play a big part in keeping up with demands of physical store customers replicating the speedy online experience, leading to loyalty and repeat business in-store. 

Discover more about Traka's dedicated retail solutions: Retail | traka