What is a Point of Sale (POS)?
In today’s digitally driven marketplace, businesses must ensure seamless operations and exceptional customer experiences. One key component in achieving this is effectively managing sales and customer relationships. Enter the Point of Sale (POS) system and Customer Relationship Management (CRM) integration—a powerful duo for enhancing business processes, boosting sales, and deepening customer loyalty. At Trech Hub, […]
How to calculate inventory turnover?
How to calculate inventory turnover? It can be a significant headache for small businesses. This metric measures how frequently a company sells and replenishes its inventory over a specific period. A higher turnover rate typically indicates strong sales and efficient inventory practices, while a lower rate may signal overstocking or sluggish sales. The calculation can […]
What is the difference between CRM and ERP?
In the fast-paced world of business, leveraging technology to streamline operations and improve customer relationships is not just beneficial—it’s essential. Two powerful systems that help businesses achieve these goals are Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) systems. While both are designed to enhance efficiency, they serve different purposes and address distinct aspects […]