What is Consignment Stock? Consignment stock (or to consign) is the act of placing goods or stock into the inventory of another party without transferring ownership through direct purchase. This means that the consignor (who can either be a manufacturer, wholesaler, or registered distributor) agrees to give goods to a consignee (wholesaler or retailer) without […]
Category Archives: Retail
In this second part of retail 3.0, we briefly look at retail administration. This article tackles various aspects of administration, providing an overview of the issues that come under consideration when successfully setting up and running a retail enterprise. These, of course, should not be confused with the day to day retail business operations. It […]
Scheduling has always been a daunting task for management and team leaders. One has to make sure they strike a balance between the needs of the employee and the company they work for. Scheduling is not just about having someone at work, it’s also about having them in the right state mentally, emotionally and physically […]
It can be argued that most people are quite familiar with the term ‘Retail’, or have at least heard about it at some point in their lives. Whether the prototype that comes to mind is a local corner grocery store or a large scale international supermarket, the main function is generally the same, that is, […]
Contrary to what most people believe, retail is not for everyone, it is not just an industry that acts as a stepping stone for those who are heading somewhere else with their careers, it is not meant for those who have ‘failed to make it in life’, and it is not run on general knowledge […]