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3 Savvy Ways College Stores Maximize Cost Savings

Posted by Liz Schulte on 6/17/20 6:00 AM
Topics: sourcing textbooks, used textbooks, college ecommerce

Going into the fall term, it is important to strengthen your position on campus by lowering costs, both for students and the college store. However, how can stores lower costs while maintaining the service and quality customers expect? MBS offers college stores many cost-saving solutions that are also designed to help streamline store operations and elevate the customer experience.

3 Savvy Ways College Stores Maximize Cost Savings3 Ways to Maximize Cost Savings for College Stores

  1. Save money on textbooks
    With MBS SimpleSource, you can not only maximize the amount of off-priced wholesale inventory you bring into the store, but you can also save time and streamline the entire process without sacrificing control.

    SimpleSource helps you manage your entire ordering process. You can see your fill rate increase in real time, get more books for a lower average cost, set your order and pricing parameters, receive your entire order in one shipment with one invoice, and source MBS wholesale inventory — you can also source marketplace inventory if you choose to do so.

    Find out how MBS SimpleSource helped the Hawk Bookstore at Santiago Canyon  College increase used book sales by 41 percent.

  2. Lower costs and increase margins on new books
    MBS offers a 12.5 percent discount off of the publisher net price on new book inventory. That means you can increase margins on new book sales simply by selling the new condition books you receive from MBS first. To make this process easier for you, we have started to mark our new book inventory with a small blue sticker on the spine of the book.

    All you have to do is make sure you sell those books first. We suggest stocking the new books with a blue sticker in front of other new book inventory and training your associates who help pick orders to look for the blue sticker on new books.

    For more information about lowering costs on new book inventory, check out this blog post.

  3. Reduce costs with an integrated college store system
    With the MBS college store retail system, you can reduce service costs and benefit from a complete array of system functionality built for college stores. From state-of-the-art eCommerce that makes it easy to convert abandoned carts into sales to an integrated management system that collects faculty adoptions and provides instant business analytics, the MBS system provides affordable solutions your store needs to be successful in today’s retail environment.

    Our MBS Store Technology Solutions partners benefit from unparalleled service and support. Our support staff is extensive, dynamic and always available to help. We offer free training webinars and events throughout the year to help ensure your store has the tools and system knowledge that you need.

Discover more ways MBS can help your store save money and streamline processes. Contact your MBS Field Marketing Territory Manager.

 

Find out how MBS can help you reduce overhead, save students money and  streamline operations with a tailored retail management system. Learn More

 

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