The Retail Sector Latches On To Video Conferencing To Leverage A Competitive Advantage

By Author: iFMeets
Total Articles: 140
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For retail businesses that hold thousands of chains in the domestic or international market, business operations need to be streamlined for all the team members to stay on the same page. With hundreds of meetings held each year with representatives from across the country and globe, everything has to go right for meetings to be effective & productive.
There are various challenges individuals and teams face whilst starting or joining a meeting. In the past, many meetings had to be rescheduled because some team members got stuck due to bad weather, their car ran out of gas, they were unwell, or had family problems; thereby squandering precious time and business progress.
To deal with these challenges, retail businesses can adopt the iFMeets video conferencing solution. This solution has made virtual meetings productive, efficient, and engaging. With video conferencing at the helm, teams can drive agendas to achieve focused virtual meetings.
Video conferencing software helps teams focus on important matters, save on cost, time, and mitigate frequent rescheduling. Enterprises can leverage improved productivity ...
... across the board with a comprehensive suite of tools and features through these powerful platforms.
So, how can retail businesses leverage the potential of video conferencing using its tools and features?
There is one common feature that video conferencing solutions tend to augment, i.e. “Collaboration”. It is the power of information communication and collaboration that makes deploying video conferencing solutions effective & productive for businesses.
Tools and features that help augment retail businesses include –
CONNECT & COLLABORATE RETAIL ASSETS IN REAL-TIME
• Reduce time consumption & costs with enhanced communication & collaboration between retail owners, production lines, suppliers, and logistics using a unique Retail QR code
• Enable real-time face-to-face interaction through high-quality video & audio conferencing to make decisions efficiently and quickly
• Use high-quality screen-sharing to display products, and mitigate the need to travel to factories or warehouses
• Enhance retail clarity for numerous business chains using whiteboard presentations, high-quality meeting recording, meeting transcripts, & breakout rooms
• Area Managers can take the meeting from anywhere, and anytime to view shop floor progress and take key decisions in real-time
ENHANCE YOUR SUPPLY CHAIN MANAGEMENT TO BE AGILE
• Enable a robust communication roadmap to streamline communication between suppliers, warehouse managers, and retail store owners
• Most ideal tool to communicate and collaborate effectively through meeting agendas, transcripts, presentation uploads, whiteboards, and more
• Boost business and partner workflows with high-quality audio and video conferencing, customized meeting id’s, automated meeting minutes, longer meeting duration support, and more
• Quick and simple way to collaborate through spreadsheet uploads, annotation, multi-user whiteboard, and more
• Smart video conferencing solutions to analyze retail stock levels at any given time
REDUCE TIME TO MARKET TO ENHANCE RETAIL COMPETITIVENESS & ENHANCE STOCK MANAGEMENT
• Retail participants can make crucial decisions in minutes and reach consumers quicker
• Begin retail business conversations anywhere, anytime from any device in real-time
• Leverage dynamic tools and features like presentations uploads, transcripts, whiteboard, dedicated customer success management, and more
• Reduce waste reduction for perishable and non-perishable goods by maintaining accurate stock levels through perpetual video conferencing, spreadsheet analysis, and more
• Reduce carbon footprint using electronic meeting transcripts, meeting recording, presentation uploads, screen-sharing, and more
INITIATE HIGHLY ENGAGING WEBINARS TO IMPROVE RETAIL TRAINING
• Leverage easy LMS integration to conduct highly engaging webinars for all retail stakeholders
• Reduce training time and costs with HD audio and video conferencing
• Upload your webinar presentation and open up an engaging discussion with hundreds of meeting participants
• Use annotation tools like pen, drawing shapes, color pallete, and more to build a collaborative webinar experience
• Boost employee retention with face-to-face training to enable valuable knowledge transfer, and use features like document sharing, presentations, and poll to take feedback from webinar participants
MITIGATE ORGANIZATIONAL STRESS FOR DISTRIBUTED TEAMS
• Video conferencing solutions help employees reduce stress and boost productivity at all retail levels
• Leverage substantial workflow changes through hundreds of stores using video conferencing features like meeting recording, transcripts, agenda-based meetings, webinar hosting, breakout rooms, and more
• Reach critical decisions quickly by face-to-face and real-time collaboration
• Create a unified brand identity for all stakeholders across the supply chain and shop floor
• Identify potential problems, make quick decisions, a build higher levels of retail management to put your retail business ahead of the competition
AUGMENT CUSTOMER SUPPORT TO BUILD A STRONGER BRAND IDENTITY
• Retail solutions can leverage video conferencing to elevate retail functions with HD audio and video conferencing, product presentations, whiteboard, and more
• With multi-language support, retail businesses can serve domestic and international clients via video conferencing
• Customers can make quick decisions based on visual product details and price-lookups using secure screen-sharing
• Take customer feedback or begin a poll to understand product ratings
• Leverage a strong competitive advantage for your business with technical support through private chats
WRAPPING IT UP
Video conferencing software offers businesses or retail businesses a means of collaboration between production, warehouse personnel, store managers, etc. With such improvement in supply chain management, retail owners can reduce time to market, reduce product waste, and mitigate stress. Quicker decisions can be leveraged by deploying video conferencing to discuss business plans and tactics with various teams. This cuts down on manpower and travel costs. Video conferencing solves one of the biggest challenges for large retail businesses viz. business training for new and existing employees. Allowing managers to train in-house teams to demonstrate product launches to consumers improves customer service and boosts business awareness and sales.

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