How To Improve Your Salon’s Inventory Management
Salon success depends on efficient inventory management. And implementing salon inventory software—like DaySmart Salon—means you’ll have the right products available when your clients need them, and avoid overstocking or running out of essential items. The right platform will also keep track of individual client preferences so that everyone feels like a VIP.
What is a Salon Booking App?
As the name implies, salon booking apps are apps, or applications, available to download on a phone or access online with ease. These apps then use software and automation technology to expedite the booking process, manage employee schedules, and even improve customer satisfaction. There are near-endless combinations of feature-packed functionality, like automated reminders, online booking, and real-time updates, to reduce no-shows and improve efficiency.
What is Salon Inventory Management?
Salons use inventory management software to track and manage supplies, process orders, log stock, issue low inventory alarms, and create reports. It can reveal your company’s inventory needs in real time, increase production, and simplify procedures.
Why is Salon Inventory Management Important?
With the right salon inventory software, you can view real-time business performance dashboards and advanced reports to conveniently measure key metrics and performance. Salon inventory software helps manage product inventory by keeping an organized list of all the items that are needed and creating purchase orders that can be emailed, faxed, or mailed directly to your suppliers.
You can even use this software to offer client benefits and track loyalty points or dollars in return for repeated salon services and purchases. Keep clients returning with a loyalty tracking system that is easy to manage and redeem.
What salon doesn’t need more efficiency, better stocking systems, and a customer loyalty system to boot? And these are just a few of the ways salon inventory software will boost your business.
7 Tips to Improve Salon Inventory Management
Still have questions? Let’s unpack a few key tips to streamline how you manage your salon’s inventory.
1. Perform Regular Salon Inventory Audits
Whether behind a desk at the salon or on the go on your phone, salon inventory management software gives you the option to perform regular salon inventory audits without actually looking at your stock.
Access inventory data, schedule appointments, run reports, and set up marketing campaigns, all from your fingertips. And since DaySmart’s convenient mobile app is available to download for Apple and Android phones, your tablet, or simply log in through the web on any device, it’s easy to integrate technology that lets you know what’s in stock and what needs reordering.
2. Establish Minimum and Maximum Stock Levels
Software like DaySmart Salon helps keep track of stock levels so you don’t have to. You can set it and forget it, so reordering happens automatically when needed, not on an arbitrary timeline. This way you don’t end up with too much or too little of anything.
3. Predict Demand Based on Seasonality and Trends
Want to look back and see how much product folks bought last Christmas or before summer travel? You can, with software that keeps track of what and when people buy. This way, you can be prepared for the Christmas rush with a few extra products, and not be surprised when February’s stock stagnates. Plus, you can keep up with trends to update your stock based on what people buy NOW, and not get stuck in a rut.
4. Educate Your Salon’s Staff on Inventory Procedures
Bringing in new technology isn’t easy. But it’s important to take the time for everyone in your salon to use new tools effectively. With the right tools in place, your stylists can treat every client like they’re the only client that matters.
Inventory and client management go hand-in-hand. With the right salon inventory platform, you can easily keep up with stock based on what your stylist’s are using and your client’s are purchasing. You can store formulas, notes, purchase history, forms, and detailed client information in an all-in-one systeml—with information at your fingertips to deliver superior customer service. Quickly access past salon purchases stored within the client profile, suggest repurchasing to boost retail sales, and keep your clients feeling fabulous!
5. Set up Automatic Re-Orders
No need to manually reorder when stock starts to look low. Set up automatic reorders, allowing for a quick view of stock counts and simplifying product reordering with a salon inventory system. When product inventory reaches a certain stock level, you can automatically add it to a ‘Products that Need to be Ordered’ list.
​You can even set up a pop-up message to appear when one or more products are running low and/or need to be reordered. Once new products are ordered, your stock count will automatically update, and the quantity received will add to the current amount in stock.
6. Use Reporting Tools to Track Usage Patterns
Real-time stock levels, product consumption trends, sales data, and inventory turnover rates are just a few insights reporting tools can provide. So you can choose what to buy and store, find the best-selling things, and make the most of your stock to meet customer needs.
7. Utilize Salon Inventory Management Software
Since managing salon inventory effectively involves a combination of tracking stock levels, setting reorder points, and monitoring product usage and sales trends, you’re gonna need some help staying on top of it all! Luckily, many jobs can be automated by using salon inventory management software, saving time and lowering mistakes.
Improve Your Salon’s Inventory Management with DaySmart Salon
Salon inventory management software provides powerful tools to simplify the process of managing a salon. We recommend leveraging an all-in-one solution that streamlines inventory control, automates ordering, and offers insightful analysis of your company’s everyday operations.
DaySmart Salon, the all-in-one salon management system, is designed to simplify salon inventory, communication, and scheduling tasks, ensuring time savings and maximized efficiency.
The cost of DaySmart’s salon inventory software varies depending on the features and package you choose. Find a plan that fits your salon’s needs and budget.
Ready to establish a more structured and lucrative salon? Contact DaySmart today to learn how our salon inventory management software may improve your business. Get the right plan for your salon—start inventory management improvement today!