Nathaniel Thiele

Hardware>Software

Most companies want to maximize software usage. Hardware is rarely used to capacity. Software is commonly used to maximize sales, automate tasks, or enhance customers’ experience.

 Hardware is the “brains” of the software. If software and hardware aren’t compatible, valuable time and resources are spent on meaningless tasks. 

Hardware is a large upfront investment. Software has a low integration cost. Software integration can be used at every stage of the business. Hardware is undervalued and underutilized. 

Hardware can’t be downloaded, it must be purchased. Fortune 500 companies need to have reliable methods of recording inventory and products sold. Inventory is key to finding synergy in a business. If the company can effectively manage inventory and supply chain functions, the result will yield higher profits. 

Tools/TC70

Most investors wonder what cutting-edge technologies and innovation are changing their investment. Investors put monetary and time commitment to ensure the company has key innovations necessary for business. One of the innovations that all industries should have is a TC70. A TC70 has a variety of uses including:

• Inventory management
• Ecommerce capacity 
• Price checking capacity 

These usages go far beyond just stores, key logistic users (FedEx, UPS) use them as well. 

Beyond logistic users- companies such as warehouses, phone manufacturers, and pet food distributors are key parts of this technological revolution. 

TC70 works to ensure that businesses can stay up to date and achieve sales and revenue goals. A TC70 costs roughly $2,000, making some potential buyers hesitant on investing. 

A TC70 will grow your bottom line and help you become innovative in any industry.

Inventory Management/Supply Chain

Inventory is key to all goods-based businesses. To keep profit high, goods businesses must have a high turnaround. 

Turnaround is when the majority of existing stock is sold and leftover stock is discounted. Keeping track of existing stock helps investors and managers keep a keen count on revenue and eliminate unprofitable items. 

Goods businesses work in low-margin environments with most net profit margins being in the low to mid-single digits. These margins make innovation spending a necessity to ensure a competitive edge over competitors. 

Inventory control on a TC70 is simple and efficient. By scanning a barcode on a product, you can track the number of items located in the store. 

At Academy Sports and Outdoors, we work to ensure that inventory is properly marked and that stolen goods are marked out of our inventory. 

We have an integrated network with local stores in the area. This allows ease for our customers and gives them options to ensure the product meets the customer’s standards. Inventory helps insure all goods businesses can sell goods quickly and effectively.

Ecommerce Capacity/Embrace Change 

All businesses must have an online presence to survive the 21st-century onslaught on companies who fail to innovate becoming another Kodak.

 Kodak grew to dominance by selling one product well but as technology advanced they grew sleepy and choose to not innovate. Technologies have changed the way goods businesses operate. 

All goods can be purchased by any customer from anywhere at any time. Customers previously unattainable have become emerging markets and new demographics to reach. 

Online presence must be integrated with an e-commerce program. The Coca-Cola Company chose not to have an e-commerce program on their website; however, they use third-party companies such as Walmart, Amazon, Target, and Costco to sell their products. 

Academy Sports and Outdoors uses e-commerce paired with TC70 to track inventory along with online orders. TC70 can track shipments from our network of distribution and allows us to sell online only items in stores. 

TC70s allows picking and reserving items. Reserving items can keep costs low as we can save inventory for customers who may potentially spend more while waiting for reserved items. 

Customers can track the process as the TC70s are linked to the Academy website. Tracking orders can help ensure that properly managed e-commerce results in massive revenue growth. 

Price Checking Capacity/Margin Improvement

In goods based business, margins are often razor-thin. Companies compete and often go bankrupt due to one bad quarter. In retail, the average profit margin is 2%. 

This leaves very little wiggle room for companies to have pricing issues. All companies have some sort of pricing issues as supply chain efficiency occurs.

 Oftentimes differences in website vs in-store prices are significant. This leads to a loss of profit as we must price match to a low amount. Pricing issues go way beyond cost to the customer. 

The increased cost may put a strain on the relationship between the store and the customer.

TC70s have an advanced capacity to be integrated to both instore prices and e-commerce prices. This integration is key to building a store. Without TC70s, keeping track of prices of goods would affect the bottom line and ruin the business reputation. 

Academy Sports and Outdoors uses price management software to track the prices of goods and keep records of past sales. Price management is successful merchandising. 

Merchandising is the art of selling without words. To get higher margins, companies must display products in an effective and informative display.

 Price management is key to ensuring that price and product standards are met. Meeting these standards helps to improve margin and can help to avoid potential bankruptcy.  

TC70 Final Thoughts

TC70s are key tools in all goods-based businesses. They help to ensure that price management, inventory control, and e-commerce are to a high standard. Ensuring that these are up to a high standard helps a company survive highly competitive environments such as retail, logistics, and wholesalers. 

Wholesalers thrive on selling items to businesses. For example, Sam Club’s used to sell vending machines to entrepreneurs who wanted to start a vending route as well as provide bulk bags of snacks. 

Logistics work by tracking the movement of goods by using planes, trains, boats, and trucks to move products from point A to point B. This movement has very tight margins which can be improved by TC70. 

Logistics companies are vital as shipments and prices for a 40-pound shipment from China have increased drastically. In 2019, 40-pounds shipment cost only $2,000 now it cost over $6,000. 

Much of this increase is due to backlogs in California due to a no-idle zone off the coast. Global and local shipments are often dependent on key infrastructure and logistic routes.

 Logistics are the lifeblood of a nation’s economy.TC70s have a broad role in many good-based industries and are key to helping grow the bottom line. 

To ensure profits growth and expansion into new markets, a company must use a TC70. TC70s are key to making a company thrive and not die as they innovate to keep with an ever-changing environment.