Overview

iVendNext is a powerful retail management system packed with advanced features to streamline operations, boost sales, and enhance customer experiences. This guide explores some of the lesser-known but highly effective tools and tricks to maximize your efficiency with iVendNext.

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1. Introduction

iVendNext offers more than just basic point-of-sale (POS) and inventory management. By leveraging its advanced features, businesses can automate workflows, personalize promotions, and gain deeper insights into sales performance. Below, we break down these features with step-by-step guidance.

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2. Smart Promotional Schemes with Mixed Conditions

What It Does

Allows businesses to apply discounts based on combined quantities or amounts of multiple items, rather than a single product.

How to Use It

1. Go to: Home > Selling > Items and Pricing > Promotional Scheme.

2. Click New and set Apply On to Item Code.

3. Add multiple items (e.g., Product A and Product B).

4. Enable Mixed Conditions and set Min Qty (e.g., 15).

5. Configure the discount (e.g., 10% off).

Example:

• A customer buys 10 units of Product A and 5 units of Product B.

• Since the total (15) meets the condition, the discount applies.

Use this for bundled promotions (e.g., "Buy any 3 items, get 15% off").

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3. Cumulative Discounts for Loyal Customers

What It Does

Rewards customers with discounts when their cumulative purchases reach a threshold.

How to Set It Up

1. In the Promotional Scheme, enable Is Cumulative.

2. Set Min Amt (e.g., $1,500) and Max Amt (e.g., $2,000).

3. Configure the discount (e.g., 5% off).

How It Works:

• A customer’s first purchase: $1,400 (no discount).

• Second purchase: $600 (total = $2,000 → discount applies).

Encouraging repeat purchases and customer loyalty.

4. Apply Discounts on Other Items

What It Does

Triggers a discount on one item when conditions are met for another.

Configuration Steps

1. In the Promotional Scheme, add the qualifying item (e.g., Product X).

2. Under Apply Rule On Other, select the target item (e.g., Product Y).

3. Set conditions (e.g., Min Qty = 30 for Product X).

4. Define the discount (e.g., flat rate of $12 for Product Y).

Example:

• "Buy 30 units of Product X, get Product Y for $12 (originally $15)."

5. Priority-Based Pricing Rules

What It Does

Resolves conflicts when multiple discounts apply to the same item.

How to Prioritize Rules

1. In the Pricing Rule, assign a Priority number (higher = precedence).

2. Example:

• Rule 1 (Priority 10): 10% off for VIP customers.

• Rule 2 (Priority 5): 5% off for all customers.

• Result: VIPs get 10%, others get 5%.

Tailoring discounts for specific customer segments.

6. Warehouse-Specific Promotions

What It Does

Applies discounts only to items from selected warehouses.

Implementation

1. In the Price Discount Slabs, specify the Warehouse.

2. Example:

• "10% off all electronics from Warehouse A."

Why It’s Useful:

• Test promotions in specific locations.

• Clear overstock from select warehouses.

7. Threshold Alerts for Discounts

What It Does

Notifies cashiers when customers are close to qualifying for a discount.

Setup Guide

1. In the Promotional Scheme, set Threshold for Suggestion.

2. Example:

• Min Qty = 10, Threshold = 9.

• If a customer buys 9, the system suggests adding 1 more for the discount.

Increases average order value.

8. Free Product Discounts with Tax Control

What It Does

Offers free items while still charging applicable taxes.

How to Configure

1. In Product Discount Slabs, untick Same Item to select a free product.

2. Enter a Rate (e.g., $0 for free, or a nominal tax amount).

Example:

• "Buy 2 shirts, get 1 jeans free (tax applies)."

9. Time-Bound Promotions with Validity Periods

What It Does

Automates promotions for specific dates (e.g., holiday sales).

Steps to Set Up

1. In the Promotional Scheme, enter Valid From and Valid To dates.

2. Leave blank for ongoing promotions.

Best Practices:

• Plan seasonal campaigns in advance.

• Use Currency filters for regional promotions.

10. Advanced Reporting for Promotions

What It Does

Tracks the performance of pricing rules and promotions.

How to Use It

1. Navigate to: Reports > Sales > Pricing Rule Analytics.

2. Filter by date, item, or customer group.

Metrics to Monitor:

• Discount redemption rates.

• Revenue impact of promotions.

11. Conclusion

Mastering these advanced features can transform how you use iVendNext:

• Increase sales with smart discounts (mixed conditions, cumulative rewards).

• Personalize promotions (priority rules, warehouse-specific deals).

• Optimize operations (threshold alerts, tax-controlled freebies).

For more details, explore iVendNext’s Promotional Scheme and Pricing Rule documentation.

Regularly review and tweak promotions based on performance data!