Product sales may never become the main source of income for many hair, beauty or wellness businesses, but they can still form a successful and profitable side hustle.
Even without most businesses in the industry prioritising retail, it still accounts for approximately 5%-15% of revenue in the UK. And with the introduction of Fresha store allowing your clients to shop and buy products online, this is very likely to increase.
As a result, it’s important to maintain stock levels to meet demand. If a product sells out, it can be disappointing for clients and frustrating for your business to lose a sale. With our new feature, you’ll never be caught short again!
Fresha is the best appointment scheduling software as our platform makes day-to-day business management much easier. We’re always looking for ways to improve, and we listen to our partners who request the features they need. This is why we’ve introduced our new free-to-use low stock notifications.
This automated feature tracks stock quantities so you don’t have to. It also allows you to set up a notification to alert you when stock is beginning to run low. As a Fresha partner, you’re in full control of the stock control system, so you can set a low stock limit that works for your business, as well as a reorder quantity. For example, you can set up the system to create an order of 15 items of a particular product when you’re down to 5 items.
Low stock notifications are sent when your limits are reached, and a summary of products that are low on stock will be sent every Monday morning at 9am.
With the system keeping track for you, all you need to do is reorder when it’s time to replenish stock levels. You’ll be pleased to know that reordering is easy too, thanks to our automated system that can create auto-filled purchase orders. These can be generated as a PDF or sent directly to your suppliers.
Besides helping you to keep track of stock levels, low stock notifications can be beneficial for your business in a number of ways, including…
They save and make you money:
Without an accurate means of keeping track of stock, one of the most common mistakes is to over-order. Like most consumables, products have a shelf life, so you don’t want to risk any unsold products going off. Being out of stock also loses money – you can’t sell something you don’t have, and clients may look elsewhere if you don’t have the item they want. If you sell it, stock it!
When display and storage space is in short supply, the last thing you need is lots of spare products lying around. Managing stock levels ensures you always have just enough of what you need, when you need it.
Fresha does all the hard work for you and reduces the need for time-consuming, manual stocktaking. Notifications and alerts mean you’ll never drop the stock ball, so you can relax and focus on serving your valued clients. We send you lots of other useful notifications too.
Improved accuracy and stock security:
There’s less room for human error with an automated system to help you keep on track. Plus, this feature stores digital stock records, so you can track physical stock levels against your inventory to manage shrinkage. If there are regular discrepancies, you could be placing stock in a vulnerable position in the salon, barbershop or spa, or you may have an internal issue to resolve.
Explore Fresha’s salon software low stock notifications now.