How leading brands execute programs with inspections, corrective action plans and tasks
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. Add a pandemic to the mix and it … 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
Who is this guide for? This Store Communication - A Comprehensive Guide for Retailers is for multi-unit retailers in industries such as pharmacies, spas, clinics, telecommunications, furniture, thrift, and quick-service/fast-casual restaurants. This guide also helps manufacturers or distributors of consumer packaged goods. Communication and proper execution of store programs and directives remains a pain point … Continue reading Store Communication: A Comprehensive Guide for Retailers
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. This article sheds some light on the purpose, scope and best practices of retail execution. The intended audience is merchandisers, retail operations professionals, area sales professionals, consumer packaged goods … Continue reading What is retail Execution? Purpose, Scope and Best Practices.
Most customers come to Bindy with an existing retail audit workflow developed in house. It usually involves Excel™, email, phone calls and a large investment in human sweat equity to compile the data that was collected. Anyone who has ever experienced the pain of collecting, distributing and compiling data like this will invariably think...there has … Continue reading Excel / Email vs. Bindy
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
In-store execution is known to drive sales and cut costs. But for these and other known merits of execution, how do you actually achieve it? Below, 10 tips to help you improve program execution across your locations. 1. Seek clarity First, define and describe standards clearly and unequivocally. This point seems obvious but is often overlooked … Continue reading 10 Ways to Improve Store Execution
What is an action plan? When the district manager walks a store/location as part of the retail audit, she is 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 locations more inviting to guests and more profitable. The … Continue reading What is a Retail Audit Action Plan?
Why a lexicon for retail audits and brand standards? 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 … Continue reading Lexicon for Retail Audits and Brand Standards