Standardization can drive increased sales across entire franchise systems.
The modern-day franchisor is a jack-of-all-trades. From overseeing training and providing ongoing business support to expanding operations and spearheading reputation management, franchisors have no shortage of tasks lining their to-do list. Such responsibilities are even more overwhelming when dealing with multiple franchisees and having to deal with manual reporting.
Traditionally, franchisors received self-reported metrics from franchisees, making inventory management and sales analysis an unnecessarily lengthy process. To free up valuable time and receive a more accurate understanding of overarching operations, franchisors should consider technology solutions that streamline measurement. Investing in a universal point-of-sale system, for example, makes it easier to standardize operations and offer franchisors real-time access to hourly reports and inventory.
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