By repairing goods, your business can extend a products’ lifetime and can also increase its return on investment. Thus, overconsumption and overproduction are possibly avoided. In fact, through repair, item parts can be recycled and the item’s maximum operating capacity can be ensured. For example, Patagonia, an outerwear brand, has reportedly fixed “100,000 items each year in 72 repair centers globally.” (source).
Repairs can therefore play an important role in the circular economy, and with the help of a suitable point-of-sale software, you can use repairs to increase revenue.
For example, Frank, an electronic store employee, completed a cell phone repair. Thanks to his POS, he was able to leave notes in the software to update the product status and inform his colleagues. Now that the repair is completed, he can easily access the customer’s profile to get in touch with them. He decides to write Carole, the customer, an email to let her know that she can drop by the store to pick it up. In the software, you can see that the employee has now updated the item condition to “Repair Complete”.
This feature offered by Alice POS allows businesses to closely monitor product repair progress. Likewise, this tool allows store owners to analyze service speed and employee productivity. It is therefore just as interesting to use it to analyze return on investment and employee workflows. In fact, such software will allow your company to centralize its data, so you no longer need different software to manage your repair offer. With Alice POS, you can manage everything in one place.
By using the rental features, your company can maximize each item’s use. In fact, allowing an object to be used to its maximum is an important part of reCommerce, it is another way to avoid overconsuming goods and therefore overproduction.
We can sometimes refer to the term “functional economy“, which means selling the product features to customers, and not the good in itself. This way, it is possible to use the asset over and over again without losing its features-related value.
For example, Sebastian, a young entrepreneur who wants to produce a new promotional video for his company, goes to a photography store to rent the necessary equipment. The store then rents him a camera, some lenses, and a camcorder. Using their point of sale software, the store was able to generate these products’ rental pricing as well as the exact procedure for proper follow-up. A week later, Sebastian brings the equipment back to the photography center.
Software like Alice POS is essential to ensure good price management for each rental product, late fees, and an optimized rental process. This will allow your store to increase revenue and keep a close eye on product conditions.
Bulk selling is a distribution method in which the product does not include any packaging. Consumers only need to bring their containers to the store and then fill them with any bulk product. This circular economy technique is increasingly in demand on the market since “81% of global respondents feel strongly that companies should help improve the environment” (source). Selling products in bulk is, therefore, a great alternative for an environment without single-use packaging and waste.
Bulk sales can not only be used for food products, we can think about detergents in any form whether in powder, capsule, or liquid; just as liquid soaps such as shampoos or shower gels that can also be purchased in bulk.
We can take a flower and soil retailer as an example. Marie goes to a merchant and asks for three roses, and a container of soil. She brings her containers to purchase in bulk. The florist can therefore charge the client depending on their units of choice (based on weight, quantity, etc).
Alice POS allows managers to monitor their inventory in a more efficient way since the software offers advanced inventory management with categorization either in quantities, serialized, or in bulk. This makes it much easier to track bulk sales and allows your store to offer a greener alternative.