If you’ve ever visited a retail store and looked at a product’s price tag, you’ve likely come across a stock keeping unit, commonly...
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About the Author
Lightspeed
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business.
More from this author
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business. Headquartered in Montréal, Canada, Lightspeed is trusted by favorite local businesses, where the community goes to shop and dine. Lightspeed has offices in Canada, USA, Europe and Australia.
Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...
- by Lightspeed
Soft openings offer restaurants a unique opportunity to test their menu, operations and service quality in a low-pressure environment...
- by Lightspeed
While small towns might not have the same foot traffic as big cities, they can still be bustling with activity and can be the ideal...
- by Lightspeed
Point of sale systems are a staple in pretty much any business that transacts with its customers face-to-face. Whether you’re a retail...
- by Lightspeed
Barcodes are an essential part of doing business as a retailer. So are SKUs. They can feel like second nature, a quintessentially understood...
- by Lightspeed
According to a survey from Restaurant Owner, restaurant startup costs can range anywhere between $175,500 to more than $2 million....
- by Lightspeed
Growing your business can be tough. With so many other merchants in your area offering similar products and services, attracting and...
- by Lightspeed
The kitchen is the heart of the restaurant. What comes out of it (and how quickly it comes out) makes or breaks the dining experience...
- by Lightspeed
Payment processing is a key component of any business. If you’re not already processing credit card transactions, now is a great...
- by Lightspeed
Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business,...
- by Lightspeed
For restaurants, Cost of Goods Sold (COGS) is one of the most important things to understand. Put simply, it’s how much it costs...
- by Lightspeed
Everyone’s a critic. This adage is especially resonant today as smartphones give diners the ability to publish their thoughts about...
- by Lightspeed
Modern technology has the power to transform the way you run your hospitality business, letting you spend less time on manual tasks,...
- by Lightspeed
The restaurant industry is not for the faint of heart. While passion is the spark that inspires restaurateurs to pursue their dreams,...
- by Lightspeed
Before you open up for the day and after the last group of customers leaves, there are two very important things that happen: getting...
- by Lightspeed
As the holiday season approaches, you’re probably staffing up, stocking up and preparing for promotions. During this busy time, you...
- by Lightspeed
Inventory control: That is, knowing exactly what products you have on the sales floor and in your stockroom (and how many you have)...
- by Lightspeed
With Pay at Table, Lightspeed Payments give you the ability to settle the bill at the table of your customer. Pay at the table can...
- by Lightspeed
Inventory shrinkage is the bane of retailers everywhere. Even a moderate amount of shrinkage can have a big impact on your business,...
- by Lightspeed
A restaurant’s menu is one of it’s most important sales tools even if it’s oftentimes only quickly glanced at. A Gallup poll...
- by Lightspeed
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