6 cash handling & reconciliation tips for retail employees
Did you know that 40 per cent of retail shrinkage in 2017 can be chalked up to staff mismanaging cash? This number comes from The Australian Retail Association.
A customer-centric approach can add value to Retailers by enabling it to differentiate itself from competitors who do not offer the same experience.
Store Assist – Change Room Management
Increase Customer Service. Assist your customers at the right time. Store Assist indicates when a customer is in the dressing room and the customer can signal that they need assistance.
Staff can work on the floor and still have control over the dressing room area. Store Assist will notify staff that they are needed sending a signal to a mobile device, smart watch or monitor. Making your staff more efficient and increasing your sales.
RFID – Inventory Management Solutions
Counting only takes minutes and can be done as frequently as required. This ability enables managers to ensure that merchandise, especially new arrivals, will not be left out in the backroom. Pick-lists for replenishment can be generated on the fly allowing staff to restock merchandise in a timely manner, and to avoid out of stocks.
The solution can be used in conjunction with the store’s planogram in order to verify that the merchandise layout matches the required presentation, and ensuring that racks and shelves contain the proper product mix.
Cash Management
Handling cash raises a number of challenges. They include shrinkage, robbery, staff and customer safety, and the optimisation of administrative procedures, reconciliation and reporting.
Gunnebo are Australia’s most experienced provider of Cash Management solutions and can provide products and services giving you security and visibility of cash in your business. Take the pain away from counting, recounting, validating, reconcilling and reporting cash by improving efficiencies in the cash cycle and make the whole cash handling process more secure. Gunnebo Solutions are used extensively by Casino’s, RSL’s, Supermarkets, Petrol Stations, Liquor Stores, Quick Service Restaurants, Speciality Retailers and more.
Our total cash handling offering includes back office systems, cash recycling machines, simple cash deposit units, software, service and integration solutions to make the complete cash handling process safer, faster and cost effective.
Some of our clients
