Protecting retail investments with Uninterrupted Power Supply
Issued by Tribeca PR - Oct 22nd, 08:47
With the increasing dominance of retail chains, small and medium-sized retail businesses are struggling to stay competitive. To protect investments and remain in business, they have to consider all costs and thoroughly assess possible risks and related losses. For example, while it is common to forecast losses due to food spoilage, assessing problems caused by electricity failure is more complicated.
We will consider the main retail risks related to electricity supply problems and share tips from Eaton on avoiding these issues. By following these, you will protect your investment to ensure business continuity and growth.
Risk #1: Burnt Equipment
Electricity problems include not just blackouts but also the supply exceeding its standard voltage. A mistake made at a sub-station could result in 380V being supplied to a mains socket instead of the standard 220V. Expensive equipment that is sensitive to problems with power supply is then at risk. Cash registers, computers, network hardware, printers, refrigeration units – you name it. Depending on the number of devices, the damage could be very significant indeed.
Risk #2: Loss of Customers
A customer comes to the cash desk with a trolley full of products, but the cashier can’t take payment because the cash register isn’t operating. The customer will leave without buying anything and will probably never come back. People tend to recall negative experiences more often than positive ones. That is why there are so many angry reviews on the internet resulting in damage to brand reputation.
Risk #3: Lost or Extra Receipts
If a blackout occurs during payment, the transaction may be interrupted. Depending on exactly when the incident occurs, power failure at a cash register may result in a failure to issue a receipt or the details not being sent to the tax office in time. Such situations should be prevented by software, but if something goes wrong, the tax office may raise questions. And if errors are uncovered, businesses may suffer penalties.
Risk #4: Lost Data
Retail is now largely controlled by computers. This is true even for small corner shops where price tags on goods have bar codes. The cashier scans the items, and the screen shows values from the database. All sales are also registered in the accounting system to allow performance of any sales point to be evaluated in real-time. Electricity failure may damage hard drive data, and sales information together with other data may become inaccessible. Recovery takes time, and if unlucky, the data may be irretrievably lost. The business owner will lose management accounting and a full inventory will be required.
How to Protect Yourself
Protection against power supply failures is easily affordable even for small businesses, especially when compared with the cost of potential losses. The major component in such protection is an Uninterrupted Power Supply (UPS). A UPS combines battery and control electronics in one unit. It is connected to the mains supply and powers cash registers, computers, and other devices.
If there is an electricity failure at the shop premises, the UPS electronics will detect it and instantly and seamlessly switch the connected devices to battery power. UPS’s can vary in terms of capacity, transformers, control options, and many other features.
They securely protect equipment from electricity failures by controlling the power supply. Close-cycle UPS’s can send a signal to a computer where operations should be completed, and double-conversion devices generate high-quality A/C voltage, maintain its frequency and switch to battery-powered operation as quickly as possible.
What to Choose
When choosing a UPS, the most important criteria are functionality and reliability. You need to look at its efficiency, maximum operating time and the manufacturer’s reputation.
For example, at Eaton, we have developed a UPS line with models best suited for small and medium-sized businesses. Our latest model, UPS 9SX, ensures uninterrupted power with double conversion and capacity from 700 to 6000 VA. With tower and rack-mountable configurations available you can choose the version most suitable for your premises. The monitoring system also allows remote control of power consumption, so a business owner can reduce the number of employees that need to be constantly on-site and use remote technical specialists instead.
At first sight, an Uninterrupted Power Supply does not seem essential for a start-up business. But this should not be overlooked. A well-designed electrical infrastructure provides the basis for the smooth operation and growth of any business, whether a small neighborhood coffee shop, a barbershop or a supermarket.
Checkers brings world-class retail to Constantia with new flagship store
27/11/2019 - 13:01
Checkers has opened the doors to its state-of-the-art 2 330 m² flagship supermarket at the Constantia Emporium as the retailer continues to take innovation to new heights.
Woolworths carves out market share in SA
27/11/2019 - 10:11
In Australia, David Jones's sales declined 2.1%, with the company saying a store refurbishment contributed to the decline.
Push and pull strategies work together to keep consumers coming back for more
26/11/2019 - 10:20
The retail sector is under increasing pressure as consumers have shrinking disposable income in a strained economy. Maintaining share of wallet is critical. Relying solely on a push route to market strategy from manufacturers into retailers is not enough to get consumers buying products. A pull strategy needs to coexist with the push to drive brand consumption. Integrating these strategies requires intelligent and insightful decision-making. This, in turn, requires data generated through smart technology which provides line of sight across the value chain from manufacturer to distribution, retailer to the consumer.
Exclusive leases must fall: Commission cracks whip on Shoprite, Pick n pay, Spar, Woolies
26/11/2019 - 09:57
The Competition Commission Inquiry into Grocery Retail, published on Monday, called for an end to the exclusive leases negotiated by national retail chains in all shopping malls across the country in a bid to open up access to markets for smaller players.
Today’s customers are loyal to speed and convenience, not brands
25/11/2019 - 11:15
Consumer expectations are rapidly shifting as technologies such as mobile, geolocation, social media and increasingly, Internet of Things devices and wearables, connect people to a world of easily accessible information and convenient services. With the ability to browse, compare and order with a few swipes and taps, consumers are becoming trained to value convenience and service above nearly anything else.