Whether you’ve already got your solutions in place for the silly season or you’re just starting to get to grips with your retail operation’s changing needs for better efficiency, we wanted to share our top actions for building a strong IT infrastructure that will support your retail success as we gear up for the 2022 peak period and launch into 2023.
We all know when retail peak season is and when Santa comes to town. Still, we’ve all been guilty of losing track of time as the year rolls on, especially when team resources are low, supply chains are still trying to recover, and the BAU demands of the business are still imperative.
From our perspective here at Truis, a great starting point is to assess if there is any unfinished business requiring attention to ensure you are fully prepared for the 2022 peak season. This could include upgrading your existing software and systems, enhancing your infrastructure, and with skills shortages rife, ensuring you have the workforce ready to see you through the peak period smoothly.
If you’re already in a prime position for 2022, we suggest now as the perfect time to jump-start your planning for the 2023 peak while actions and efficiency improvements are fresh of mind.
Preparation Actions:
IT supply chains globally are under immense pressure, resulting in delays in delivery, which ultimately can impact retailers ramping up for the busy season. The days of taking action on your infrastructure planning, as and when they creep up, are a things, of the past. We no longer have the luxury of a quick turnaround with what we want when we want it. Be it extra capacity, additional POS or more memory, the reality is to mitigate the impact of disruptions, you need to get clear on your IT needs to handle the busy season smoothly by planning further ahead than ever before.
Preparation Actions:
After the massive uptake of eCommerce amongst retailers during the pandemic, we’ve seen many retailers grapple with systems that don’t connect due to the speed to market at which they had to execute, a perfect example being legacy or on-premises systems that don’t communicate with cloud-based systems.
Customers now want to buy when and where they want 24/7, demanding speed and a seamless user experience. Retailers are now prioritising IT initiatives to eliminate siloed data that prevent a single 360 degree view of the customer and their buying behaviors.
Preparation Actions:
Your network is your retail operation’s central nervous system, keeping applications running smoothly and ensuring your customers enjoy the best possible experience.
As a quick pre-peak season health check, at Truis, we recommend looking into how your network is currently performing. Is it up to the challenge of peak season demands to support your point of sale (POS) systems, digital signage, inventory management, and mobile devices on the shop floor without a glitch?
The shop’s front doors get locked at night, but is the WiFi locked? We often see an overlooked exposure with retailers where customers have accessed an open WiFi. To ensure the best security practices during the busy buying period, look at how to separate your store network to ensure no unwanted guests could leave your network compromised.
Preparation Actions:
Our experience in the retail sector has shown us that an often overlooked point of vulnerability is POS systems, especially for retailers with large teams and multiple locations. The more devices you have connected to your system – for example, handheld scanners or tablets – the more opportunities there are for malware, viruses and other issues to impact your system, especially when traffic increases during the busy season.
Let us ask you a question, how long would your POS system need to be down before it critically impacts your business resulting in thousands of dollars and sales lost?
From our experience within the retail space, the answer is minutes; even a few short minutes can result in thousands, if not millions, of sales lost. It is worth seriously reviewing if a current plan is in place should your POS system fail or be attacked.
Preparation Actions:
We know most retail IT teams have had their work cut out the past few years, navigating the shift to eCommerce and increased cyber risks while trying to stay across the latest trends to remain competitive. If you need a shortcut, we’re on standby as reinforcements with your plans for this peak season or in preparation for the next.
Our experienced team here at Truis can help streamline your in-store IT setup and overall IT management so you’re delivering the experience your customers expect. Our solid understanding of the retail sector allows us to leverage the learnings from other retailers in the market, saving you time and costs.
Book a Retail IT planning consultation with one of our retail specialists to see where you can improve this year and how to get ahead on your 2023 operations. https://truis.com.au/retail-it/#consult