HotWax Commerce

Shopify retailers looking to optimize In-Store Inventory Management processes for omnichannel retail success? Effective inventory management is the key to success in omnichannel retail. It helps retailers avoid woes of overselling, underselling, overstocking, and stockouts. HotWax Commerce provides Shopify retailers with the tools necessary to optimize in-store inventory operations. Here’s how: 1. Configurable Sellable Inventory: Retailers get granular control over their in-store inventory and can easily configure inventory rules, such as safety stock and thresholds, down to the store and product level. 2. Flexible Store Participation: Retailers can easily control which stores contribute to online sales for strategies like Ship from Store and Buy Online Pick-Up In Store, turning these configurations on and off as needed, in order to maintain stock levels for walk-in customers. 3. Seamless Inventory Receiving: Retailers can streamline receiving of purchase and transfer orders using HotWax Commerce’s Inventory Management Suite, allowing store associates to receive new inventory effortlessly. 4. Cycle Counting: Retailers can perform regular inventory reconciliation by conducting periodic cycle counts in stores using HotWax Commerce Inventory Management Suite and identify any discrepancies between systematic and physical count of products. 5. Handling Inventory Variances: Retailers encounter inventory variances on a day-to-day basis due to factors such as theft or damage. HotWax Commerce allows logging of these discrepancies along with the variance reason at the store-level to maintain inventory accuracy. 6. Efficient Returns Restocking: Retailers who accept in-store returns can easily receive and record returned inventory, ensuring these returns are quickly processed and restocked for resale, while also maintaining inventory accuracy. Using HotWax Commerce's easy-to-use inventory management suite and configurable fulfillment options, retailers can maintain high levels of inventory accuracy and streamline in-store inventory management. Connect with us today to learn how HotWax Commerce can elevate your retail operations! https://hubs.la/Q02MGw_h0 #Omnichannel #Retail #ShoppingandtheRetailIndustry #Inventory

Are fully self-service stores the future of urban retail?🛒 The concept of fully self-service stores, like Amazon Go, where customers shop without traditional checkouts, is gaining traction, especially in urban areas where speed and convenience are crucial. These stores leverage advanced technology to provide a seamless shopping experience, allowing customers to simply grab what they need and leave. As self-serve retail expands, staff roles will evolve from cashiers to customer service and troubleshooting experts. This shift can enhance the shopping experience by allowing staff to focus on personalized service and resolving issues, rather than just processing transactions. However, the journey towards widespread adoption is not without challenges. Technical glitches and theft prevention are significant hurdles. Moreover, not all customers prefer the self-service model, highlighting the importance of offering both self-service and traditional checkout options to cater to diverse preferences. What are your thoughts on the future of self-service retail? Share your insights below! #Omnichannel #Retail #ShoppingandtheRetailIndustry

How overproduction impacts the textile industry? Each year, approximately 100 billion pieces of clothing are produced for a global population of 8 billion, which equates to over two pieces of new clothing per person annually. Alarmingly, about 30 billion pieces—30% of all production—never even reach consumers and are discarded straight into landfills. To tackle this challenge, retailers must rethink their production processes, reduce waste, and advocate for sustainable practices. Want to dive deeper into the impact of overproduction and what can be done about it? Check out our latest #podcast episode with Johan Munck for more insights! https://hubs.la/Q02MkrFY0 #Omnichannel #Retail #ShoppingandtheRetailIndustry #Sustainability Polarn O. Pyret

Is your in-store order picking process consuming too much time and effort, reducing your overall fulfillment efficiency? In-store order fulfillment reliant on manual picking processes presents significant challenges for retailers. Pickers spend excessive time navigating in the store to locate items, leading to extended fulfillment times. Additionally, manual processes are prone to errors, resulting in mispacking orders, and potential customer dissatisfaction. HotWax Commerce's Picking App serves as the ultimate tool for pickers, streamlining the order picking process with maximum efficiency. 1. Accuracy: HotWax Commerce’s Picking App offers capable scanning product barcodes. Additionally, enlarged images of the products to be picked are displayed, providing clear visual references for pickers to verify the accuracy of their selections. This ensures that every order item is accurately identified and picked and reduces the risk of manual errors such as picking the wrong item or wrong quantity. 2. Speed: The app also offers optimized picking routes for pickers by sorting items in a picklist based on inventory location or custom preferences like product name, location ID, bin ID. This minimizes time spent walking between different locations within the store. Overall, the Picking App increases the speed of fulfillment process, allowing orders to be processed and shipped more quickly. Elevate your in-store order fulfillment with HotWax Commerce's Picking App - Boost your productivity and minimize errors. Reach out to learn more about how HotWax Commerce can enhance your omnichannel operations! #Omnichannel #Retail #ShoppingandtheRetailIndustry

Are you using NetSuite for inventory management in stores? NetSuite offers a centralized solution for retailers, streamlining tasks such as creating purchase orders for procuring new inventory, generating transfer orders for inventory transfer between locations, and consolidating company-wide data. At the company level, storing all data in NetSuite is highly beneficial, as it serves as a central repository for inventory and financial data. Many retail stores use NetSuite for inventory management processes such as receiving purchase orders, processing transfer orders, and conducting cycle counts. However, leveraging NetSuite at the store level presents several challenges. 🔶 Cost: NetSuite charges a per-user fee, which can be costly for retailers with numerous stores and users, making it a costly affair for store-level deployments. 🔶 Complexity: NetSuite, designed for complex warehouse management, may overwhelm store associates due to its extensive features, unsuitable for store operations which call for user-friendly interfaces. Store staff would need training and time to familiarize themselves with the system, resulting in additional costs and potential productivity losses during the learning curve. 🔶 Low Adoption Rates: NetSuite's complexity may deter store associates from fully adopting it, hampering store operations. Employees might prefer simpler alternative tools or may resort to time-consuming manual processes. HotWax Commerce resolves these challenges by offering a ready integration with NetSuite. The dedicated Store Inventory Management Suite provides intuitive apps like Inventory Receiving and Cycle Counting. These apps streamline in-store receiving of transfer orders and purchase orders created in NetSuite, perform scheduled cycle counts, and log any inventory variances. This enables retailers to automate inventory receiving, maintain accurate inventory counts and ensure efficient inventory management at the store level while letting store associates perform routine tasks uninterruptedly. Are you ready to transform in-store inventory management with HotWax Commerce? #Retail #Omnichannel #eCommerce #ShoppingandtheRetailIndustry

🛒 Is your omnichannel retail strategy struggling with inaccurate inventory counts? Keeping inventory records accurate across multiple channels is a tough challenge. Retailers often face issues like stock discrepancies and human errors, which can disrupt operations and lead to missed sales opportunities. In our blog, we dive into how HotWax Commerce simplifies the inventory cycle counting process for retailers using Shopify POS and NetSuite. By ensuring accurate inventory data and seamless synchronization across all systems, HotWax Commerce helps retailers maintain precise stock levels and smooth operations. 👉 Discover how to elevate your inventory management with our expert solutions: https://hubs.ly/Q02LTdcJ0 #Retail #eCommerce #Omnichannel #ShoppingandtheRetailIndustry #Inventory

How is AI changing the current landscape of retail? In the evolving world of retail, AI technologies like ChatGPT and large language models are playing a big role. They are helping businesses to interact with their customers in a better way, improve product handling, and manage employees more effectively. #AI is making a difference by creating detailed customer profiles, which helps businesses personalize their marketing efforts based on online activities of customers. In managing the supply chain, AI is making things more efficient for retailers by leveraging real-time data to optimize inventory, warehouse operations, and last-mile delivery. Looking forward, AI has the potential to change how businesses plan their operations and make data-driven decisions. However, as businesses adopt these advanced technologies, it is still imperative for retailers to make the smart choices and ensure that AI is implemented carefully. How will AI change retail? Share your thoughts on what new trends could take place in the future. #Omnichannel #Retail #ShoppingandtheRetailIndustry

Why consistency across all channels is key to retail success? Johan Munck, CEO of Polarn O. Pyret, highlights that the best performance in retail comes from integrating both physical and digital channels. Each channel should cater to distinct customer needs—online for convenience and selection, in-store for tactile experiences and personalized help. By creating a cohesive customer journey that integrates both physical and digital experiences, retailers can enhance sales and customer satisfaction across all channels. Tune in to the full #podcast with Johan Munck for more insights! https://hubs.la/Q02LfctX0 #Omnichannel #Retail #shoppingandtheRetailIndustry #PhygitalRetail

Exciting new update from HotWax Commerce!🎉 Our Fulfillment app has received a significant upgrade, featuring a revamped user interface and new functionalities designed to streamline order management, particularly for complex kit products and order rejections. Kit Products Visibility: Kit items now display a Kit Label next to their identifiers, making it easier for store associates to recognize and manage kit components. Simplified Order Rejection: A new company-level setting allows automatic complete order rejection if a single item is out of stock, or partial allocation to reject only out-of-stock items while fulfilling the rest. Optimize your fulfillment processes with HotWax Commerce’s latest update! https://hubs.la/Q02LfBbm0 #Omnichannel #Retail #OrderFulfillmentApp #ProductUpdate #eCommerce

Exciting new update from HotWax Commerce!🎉 Retailers selling kit products on Shopify such as bundles or pairs, previously depended on third-party apps like Bundles for inventory management. This often led to integration challenges. HotWax Commerce now supports direct inventory computation for kit products, eliminating the need for external tools. Our platform calculates the inventory of kit products based on the lowest available quantity among the individual components. For example, if a kit includes a Sunglass (7 in stock) and a frame case (10 in stock), the kit’s inventory become 7. This enhancement improves user experience and operational efficiency by integrating kit inventory management directly into HotWax Commerce, ensuring accurate stock levels and streamlined order fulfillment. Optimize your inventory management with HotWax Commerce’s latest update! https://hubs.la/Q02Lc_vZ0 #Omnichannel #Retail #ProductUpdate #ShoppingandtheRetailIndustry #eCommerce