Solve the Problem of Out-of-Stocks with Retail Store Audit Software

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?

Retail store audit software has become an ally to manufacturers, distributors, and retail in addressing out-of-stocks.

With a retail store audit software, field reps and store employees use a mobile app to record out-of-stocks (or any other mission-critical situation, for that matter) and then the information is readily available in the Cloud for all the appropriate stakeholders to take immediate action.

This means that, with a retail store audit software in place, the time between the detection of an out-of-stock to the order for product replenishment can be virtually shortened to mere seconds.

Not only is retail store audit software instrumental in reacting to out-of-stocks, but it can also help prevent them as well: Since the audit data is stored in the Cloud, it becomes straightforward for brand managers, demand planners, and purchasing to generate historic reports to better plan product shipments and avoid out-of-stocks altogether.

VisitBasis is a complete retail store audit software solution that offers all the elements needed to perform mobile POS audits and surveys in one package, from data collection to reporting.

The VisitBasis retail store audit app is available at Google Play and App Store and can be downloaded for free for an unlimited number of users.

Want to learn more? Schedule an online demo or sign up today for a free trial!

The True Cost of Delayed Reporting – or Why Adopt a Retail Audit Application

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. In addition to internal communications issues – such as when marketing and operations only talk during quarterly meetings – paper-based audits turn the data transcription and reporting process into a nightmare.

Retail audit applications have changed that. With a retail audit application, field reps and auditors can use their mobile devices to fill in checklists and capture information that include photos and signatures.

The information collected by a retail audit application will be stored on the Cloud, where decision makers can then use the application’s reporting interface to constantly monitor the information coming from the field.

Some retail audit applications have even real-time capabilities, allowing management to be aware of mission-critical issues at the retail outlets – such as out-of-stocks or potential liabilities – as soon as the audit is finished.  State-of-the-art retail audit applications will even provide time and GPS verification, authenticating the time and place where the audit was performed.

VisitBasis is a comprehensive retail audit application for businesses of all sizes. VisitBasis allows creating task templates for everything that needs to be monitored at retail outlets as well as instant access and analysis of the information collected, providing a budget-friendly and easy-to-use system that helps you take full control of store audits.

Ready to take full charge of your retail audits? Sign up today at www.visitbasis.com for a free trial, or book a free online demo to see how it works.