Unfortunately, this oversight leaves businesses vulnerable. By being too busy to track changes and see sales trends, you’re unable to make agile decisions during this crucial time. This means you won’t be prepared for surprises and won’t be able to assess the accuracy of your pre-holiday forecasts.
What retailers need is data automation: tailored, automatically generated insights at pre-set intervals, so you can track holiday sales trends with less time spent managing.
In this article, we'll cover which reports you should monitor and poland number for whatsapp how often to properly track your holiday sales – and how your POS system can do it for you.
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The Benefits of Scheduling Reports During the Holiday Season (and Even After)
Of course, you know that strong holiday performance is crucial. In fact, holiday sales can make or break a business. Will you start the new year with huge inventory surpluses and unhappy customers, or just-stocked shelves and delighted loyal customers?
You probably already keep track of your sales totals throughout the season. You don’t need us to do that either.
In fact, what we want to show you is that other data is just as important, and that it needs to be tracked just as closely. But we know that this is a very busy time, and you don't have time to generate reports and take care of small details.
Hence the importance of programming reports that do this for you.
After all, processes are a major irritant for professionals, and reporting falls into the 50% of work processes that can be automated if you have the right technology tools.
Lightspeed’s Advanced Reporting module is one such tool. By automating much of the process, it allows retailers to spend less time generating data and more time acting on that data. The module collects data from reports—customized for your business—and presents it to you, at the frequency you choose. That means that instead of you and your employees spending hours editing reports, reviewing data, and communicating it to the right people, Lightspeed’s new Advanced Reporting features do it all for you.
Data to watch each week during the holidays
You probably already regularly monitor your business's holiday sales totals.
With this revenue data, you have a decent picture of what you're doing. But you can further enrich your understanding of the situation by tracking other, more granular data elements on a weekly basis: your hourly sales trend and the percentage of discounted product sales by location.