How can IronLane improve your Business?

What are the key benefits?

1. Increase In-Store Sales

IronLane helps identify and correct those common inventory gaps which make you lose sales. Typical cases include missing certain product sizes or variations which your systems don’t know are missing. Your sales will increase when your best-selling products in the right sizes and colours are in-stock.

2. Click & Collect

When your store inventory data is accurate you can offer Click & Collect options to your customers with the confidence that the product which they are buying will be in stock to be picked up at the stores.

3. Increase Margins

Retailers know that a product not purchased is a product not sold. Your ordering systems will perform better with good inventory data, increasing your chances of having the product in stock to maximise margin opportunities at the start of the season. Use the system to help identify and consolidate incomplete ranges and you will have fewer products to mark down or clear at season end.

4. Superior Investment Performance

Quality inventory data underpins every efficient merchandise plan. Your merchants waste time and talent when they are working with inaccurate inventory. The better the data the more fine-tuned your open-to-buy and inventory investment performance.

5. Improve Stock Replenishment

The efficiency of your replenishment systems is directly dependent on the accuracy of your inventory data. If your physical inventory does not match what your systems believe is in stock, you invariably end up with redundant inventory at certain locations while others will be missing products which never get replenished.

6. Drastically Reduce Staff’s Time Wasted Checking Stock Availability

This is rarely measured, but if your staff are wasting time calling warehouses or other stores for a stock check because they do not trust the information they look-up in the systems, you know this is costing you money. Effective use of our technology will release front-line staff from inventory checking and chasing and make them more available to serve customers.

7. Reduce Online Cancellations & Refunds

Customers dread the phone call informing them that the products they have purchased online are not available. Online sales cancellations due to unavailable inventory are a serious cause of frustration and customer loss. Processing refunds is an unproductive use of staff’s time.

8. Faster Delivery Options

When your inventory is accurate your sales orders can be directed to the correct fulfilment locations and processed faster. No need to add buffers to your delivery times to cover for inventory data problems. Faster delivery may make the difference between you and your competitors.