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3 Ways Embracing Innovation Makes an Impact

Take Tech Further: This August, don’t miss the NHPA 2023 Independents Conference where you’ll discover innovative best practices, insights and resources. Learn more at YourNHPA.org/conference.

More than just something to do to keep up with your competition, technology comes with many benefits. Read on to discover three ways technology can make your operation successful.

1. ADD TO THE BOTTOM LINE
While technology requires an investment—and sometimes a significant one—in the long run it can improve your bottom line. Technology for inventory management can prevent over-ordering and allows for more consistent inventory turns, saving money now and down the road.

2. BECOME MORE EFFICIENT
Many technologies make your employees’ jobs easier and allow them to spend more time with customers. Communication technologies cut down on the time employees spend listening to unnecessary noise on the radio and give them more opportunities to focus on customers.

3. ENGAGE WITH NEW AUDIENCES
Embracing digital marketing and online technologies connects you with new audiences and provides another avenue for engagement. Offering an e-commerce site or other ways to buy online can also boost your revenue and sales with new ways for customers to buy.

About Lindsey Thompson

Lindsey joined the NHPA staff in 2021 as an associate editor for Hardware Retailing magazine. A native of Ohio, Lindsey earned a B.S. in journalism and minors in business and sociology from Ohio University. She loves spending time with her husband, two kids, two cats and one dog, as well as doing DIY projects around the house, going to concerts, boating and cheering on the Cleveland Indians.

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