How top retail and hospitality brands execute programs and standards on time, in full, at every site
When district managers visit sites, they are bound to find issues. Even the best and most diligent operators make mistakes occasionally. Brand standards exist for a reason: they protect the brand and make sites more inviting to guests and more profitable. The action plan is an opportunity to apply corrective actions to problem areas. It … Continue reading 🚀 What is an Action Plan?
Retail execution is the set of practices and enabling technologies responsible for the complete and timely implementation of store programs, standards and directives at store level. Effective retail and hospitality execution requires certain components, first communication, second task management, and third audits / assessments. In this post, we focus on the purpose, scope and best practices of … Continue reading 🚀 What is retail Execution? Purpose, Scope and Best Practices.
A retail audit helps retail and hospitality brands execute brand standards, programs, and procedures in areas such as operations, merchandising, loss prevention, health and safety and security across all sites, on time and in full. The audit is sometimes called an assessment or simply a visit. Below, 10 tips to improve site audits across your … Continue reading 🚀 10 Ways to Improve Site Audits
Effective retail and hospitality execution requires certain components, first communication, second task management, and third audits / assessments. In this post, we focus on communication. Why this guide? Communication and proper execution of programs, brand standards and operating procedures remains a pain point the for retail and hospitality industries. As a retail or hospitality business expands … Continue reading 🚀 Site Communication: A Comprehensive Guide for Retail and Hospitality
Some retail and hospitality customers come to Bindy from a competing retail or hospitality execution platform they have outgrown or find too expensive. Others come from a workflow developed in house. It usually involves Excel™, email, phone calls and a large amount of human sweat equity to compile the data that was collected. Anyone who … Continue reading 🚀 Excel and Email vs Bindy
Retail is a highly-competitive industry with generally tight margins. Managing inventory, leases and labor costs alone make retail profitability a difficult balancing act at the best of times. But that's not all. Today's retailers must adapt to rapidly changing customer sentiments, weather and the pressures of e-commerce. Protecting those tight margins is store execution. Today's … Continue reading 3 Steps to Easier, Faster Store Execution
Running a retail store is complex, and it might be difficult to know just where to start when you’re smoothing out your processes. But making retail operations run more efficiently should be at the top of every retail executive's to-do list, and the tips below will get you on the path to streamlined success. 1. … Continue reading 8 Ways Retailers can Streamline Store Communication and Execution
Some apps only work online ("in real-time"). Others only work offline (with synchronisation). Both models have advantages and drawbacks...so why not capitalize on the advantages of both? Store execution and retail audit software must work online and offline. Let's find out why. Connected is great...until you can't connect Here are a few situations where a … Continue reading Why a Store Execution App Needs to Work Online and Offline
Why a lexicon? Many industries have their own vocabulary to describe the various facets and nuances of their trade. Retail audits (also called store walks or store inspections) are no exception. This is the lexicon for retail audits, retail execution and brand standards. It is based on Bindy's interactions with operations and brand-standards minded retailers … Continue reading Lexicon of Retail Audits and Brand Standards
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