How to Efficiently Manage Fashion Brands with Youtaps’ POS Product Variants

The fashion industry is cutthroat, where its very survival relies on accurate inventory and creative designs, and where issues such as product variants -  color, size, and model, can be challenging, complex,  and complicated. 

To address these issues, Youtap has designed and developed a POS Product Variant system feature that makes inventory management, product distribution, and stock control more accurate, effective, and manageable, a counterbalance to the cutthroat nature of the fashion industry. 

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What is The Product Variants Feature?

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Youtap’s POS Product Variant system feature enables businesses to manage product variants such as the color, size, and model of the goods they manufacture, manage, distribute, and sell. 

This POS system feature is tailored for the fashion industry, as their goods come in multiple variants, from size (S, M, L, XL), to color (red, black, white, gray), to model, etc.

Youtap’s POS Product Variant system has developed a feature that enables all product variants to be accessed, assessed, categorized, documented, organized, managed, and tracked into one, specifically designed, fashion-centric system, that avoids inventory mismanagement and ensures overall operational efficiency. 

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The Importance of Managing Product Variants in the Fashion Business

The fashion industry is not glamorous. The fashion industry is not about glitzy after-parties or a Vogue fashion spread.

The fashion industry is, however, a cutthroat dynamic industrial complex that is fast-paced, fluid, and transformational, refashioning itself every season, with each season heralding new trends slavishly followed by fashionistas and non-fashionistas alike.  

Fintech Youtap has created an accessible and user-friendly POS Product Variant system feature that accurately monitors each product variant, from size to color to style, ensuring that your business has secure operational management and distribution variables that provide a seamless business experience. 

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1. Stock/ Inventory Errors

Youtap’s POS Product Variant system feature ensures that your business has real-time oversight of your business inventory, ensuring that avoidable mistakes are not made, by either customers, management, or staff.

For example, an online customer has ordered a Size M.

However, your stocked inventory has failed to be updated in real-time, making your inventory inaccurate.

This avoidable mismanagement causes avertable and unnecessary drama, because your inventory has not been adjusted in real-time to show either the item's availability or stockout. 

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2. Difficulty Tracking Sales

If your business does not have an organized POS Product Variant system it will have unnecessary difficulty tracking items. 

However, if your business has Youtap’s POS Product Variant system, this feature will assist your business's overall operational management, from inventory and warehouse to tracking and delivery, making the tracking of all of your sales in real-time accurate and stress free. 

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3. Delayed Restocking

Accurate Inventory management helps your business's operational and stock management work seamlessly, without unnecessary disruption, delayed restocking, or customer dissatisfaction.

Implementing Youtap’s advanced POS Product Variant system feature lets you track, in real-time, your inventory - what stock is available (on-hand), what product is running low, and what product is unavailable.

This enables, in real-time, your business to reorder, replace, and restock, preventing avoidable disruption to its management, productivity, inventory, and clientele. 

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Advantages of Youtaps POS Product Variants Feature

Youtap’s POS Product Variant feature offers your business data accessibility, flexibility, and scalability that provides your business with seamless operational management.

1. More Accurate Stock Management

Youtap’s POS Product Variant system feature simplifies your business’s inventory management without needless worry about human error or its stock management, from your products availability, color, sizing, style, et al..  

For example, Your business sells T-shirts with the size variants of S, M, L, and XL.

In real-time, each transaction is recorded, managed, and tracked of your inventory’s variant stock level and availability - from size, color, and style et al. 

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2. Data Accessibility Anywhere

Youtap’s POS Product Variable feature has cloud-based capabilities. This enables your business to readily access sale and stock data from anywhere, at any time.

This POS Product Variable feature is particularly useful for those businesses with multiple locations, or for those in management that travel.   

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3. Stock Error Prevention

Youtap’s POS Product Variable feature enables real-time stock management and control.

This gives you immediate notification if a product is running low, sold out, or needs reordering.

The POS Product Variable system feature ensures that your fashion business has operational consistency and efficiency because inventory management is important for all businesses.

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4.Flexible Product Variant Management

Youtap’s POS Product Variable feature enables you to effortlessly edit all of your product variants and adjust your inventory without affecting any other product data.

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5. Detailed Sales Reports

Youtap’s POS’s Product Variants feature can generate detailed sales reports based on each product variant in your business’s inventory, from size to color to style et al. 

The detailed reports enable you to see such variables as which sizes are selling, which products are best-sellers, and which color is popular. This data helps your business make informed real-time decisions that avoid overstocking, understocking, disruption, and customer disappointment.

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Why Do Fashion Brands Need This Feature?

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The fashion industry is competitive, cutthroat,  and fickle, an industrial complex that is known for its brands and names, and synonymous with glamour, red carpets, and luxury. However, the industry is also known for fast-fashion, sweatshops, pollution, and wastage. 

Today, to maintain a competitive edge, the industry needs product variant tools that address how fashion businesses can effectively maintain operational management, particularly regarding  the variant control of color, size, and style. 

Youtap’s development of its POS Product Variant system feature promotes the full automation of inventory management, that erases the traditional reliance of error-prone manual stock-taking by offering automated efficiency and structure

Youtap’s POS Product Variant system feature gives fashion entities real-time stock management, automatically ensuring that there is an accurate overview of the what, where, how, and why of your inventory - its manufacture and production, tracking, distribution, and sales - greatly helping your sales and marketing teams to effectively operate in their decision-making processes, avoiding preventable issues and unnecessary wastage,  while fostering greater communication, cash flow, sales, and profitability.        

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3 Easy Steps to Help You Manage Product Variants with Youtap POS System

Youtap’s POS Product Variant system feature has proposed three easy steps to help your business successfully use their POS system to your business's advantage

Youtap’s POS Product Variant system feature has proposed three easy steps to help your fashion business successfully use their POS system to your business's advantage

1. Add Products and Variants 

Firstly, when new inventory is added to your current stock, variants such as size, color, and style can be easily edited, added to your business’s inventory without affecting stock already in your system.   

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2. Monitor Stock in Real-Time

Secondly, a standout characteristic of Youtaps’ POS Product Variant system allows your business to monitor its stock in real-time. 

For example, your business will immediately receive notifications if a product is running low, enabling your business to reorder promptly, restock, and avoid delays, disruption, and customer dissatisfaction. 

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3. Analyze Sales

Lastly Youtap’s POS Product Variant system feature produces comprehensive sales reports based on your business’s inventory level.

This enables your business to make informed decisions based on product demands, sales, and available stock  - producing real-time data and analysis integral to future sales strategies and marketing campaigns. 

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Youtap’s POS Product Variants system feature is the best solution available for those [fashion] businesses looking for efficient, effective, and user-friendly operational management tools. 

Youtaps’ POS Product Variable system feature offers your fashion business real-time stock management, and the ability to access data and analysis anywhere, anytime, with an embedded  flexibility that manages your business’s product variables 

Installing Youtap’s Product Variant system feature into your business model ensures that your business and brand operate seamlessly without any unnecessary issues, from inventory to tracking, distribution to sales to restocking and marketing campaigns.