Insights & guides
Insights, tutorials, and product updates from SWIL — covering business management, GST compliance, retail, pharmacy, and ERP best practices.
Inventory Management
The challenge with wholesale pricing mainly revolves around balance, exactly how to choose the best price that permits you to relocate stock rapidly, at price customers love, that still allows for both you as well as them to make money. It's an issue a lot of dealers fight with. However, the bright…
SWIL Team
1 min read
Inventory Management
Sometimes, inventory doesn't offer as quickly or in addition to your organization's plan. Specific things may remain for months at a time as a result of a lack of client passion or consumer knowledge concerning the product. At some point, these things get to the end of their life cycle without bein…
SWIL Team
1 min read
Inventory Management
Regardless of how well you manage your inventory, there will be times when you order too many products. That leaves you with extra stock. Dead-stock and slow-moving stock may occur for various reasons, but it can be difficult to distinguish between them. When this is the case, think about the condi…
SWIL Team
1 min read
Inventory Management
Introduction Keep your business competitive by managing inventory levels, calculating reorder points, and knowing when to restock. However, many retailers do not take care to properly manage their inventory orders. Mismanaged inventory can be costly, and the potential for it increases as your portf…
SWIL Team
1 min read
Compliance
An unexpected growth of online shopping has given customers access to more efficient and seamless payment options. This has resulted in the rise of payment environments over time. The development of the e- commerce industry is driven by innovative integration of advanced solutions. It is also drive…
SWIL Team
1 min read
Distribution & Supply Chain
Introduction Within the retail and e-commerce industry, product returns play an integral part of the business. According to research, around 9% of customer products are returned due to several reasons. Companies selling products need to be open-minded towards product returns. However, processing a …
SWIL Team
1 min read
Retail
Introduction Retail competitiveness is higher than ever. It requires a great consumer experience at every touchpoint. Many retailers are trying to balance effective digital transformation and modernization efforts. This is to exceed customer expectations and keep employees. It also improves operati…
SWIL Team
1 min read
Inventory Management
Introduction Whether you're just starting out or already in wholesale, retail, or both, it's important to use a simple, reliable app-based inventory management system. All product-based business owners know that inventory is a business's biggest asset. You will lose out on sales if you don't pay at…
SWIL Team
1 min read
Point of Sale
Introduction Over the decade, we have seen technological advances in the payment ecosystem. With the introduction of mPOS systems, the payment experience has changed, replacing heavy cashiers. Credit cards have become the preferred payment method today. More merchants are working to accept them. To…
SWIL Team
1 min read
Pharmacy
Now, the goods trade is not limited to the city, state, or country. Trade is now enforced globally, and it must be necessary that goods be accepted globally. For this, many codes have been used in the past to identify the item correctly. And the business owner used to have very high taxes based on …
SWIL Team
1 min read
Accounting
Introduction: One of ICICI Bank's award-winning features is Corporate Internet Banking (CIB). With this, a person can conduct a variety of financial activities only by sitting at their desk. It provides an effective and affordable option for corporate banking transactions by drastically decreasing …
SWIL Team
1 min read
Pharmacy
Retail pharmacy owners perform multiple transactions every day, which they can analyze and convert into documents like performance reports and financial statements. These reports are essential to understand - How is your business working? What are the gains and losses in your business? What is the …
SWIL Team
1 min read
Pharmacy
In any business, if we want that a good relationship should be established between the vendor and the shopkeeper, then it becomes necessary that there should be transparency in both. It means that no such situation should arise due to which there is a dispute between the vendor and the shopkeeper r…
SWIL Team
1 min read
Point of Sale
Nowadays, increasing market challenges are a matter of concern for any business. This goes even deeper when you are running a pharmacy retail shop, and that too in a market where every third-fourth shop is a chemist shop. In such a situation, you have to think from every angle, whether it is to ado…
SWIL Team
1 min read
Pharmacy
Long queues at billing counters can make your business helpless and can be the reason behind customers' irritation. So, if your retail store faces long queue issues and continuously disappoints customers, you must think of a solution that makes billing fast. Here, you don't need to bother too much.…
SWIL Team
1 min read
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