HLC Integrations with Lightspeed R-Series
As a Lightspeed user, you can take full advantage of our proprietary business tools that save you time and money.
Virtual Analyst Tool
Build better margin this fall and winter, plus take advantage of our brand new Overstock Margin Booster benefit
HLC is dedicated to providing you with cutting-edge solutions to meet your business requirements. We created an innovative feature that lets you set minimum and maximum inventory requirements. Based on these thresholds, you can see recommendations for products and easily reorder them on your HLC dashboard. With Lightspeed as your POS, you can start using time-saving tools like Virtual Analyst.
What is Min/Max?
In retail inventory management, the min-max system helps maintain optimal stock levels. “Min” represents the minimum quantity that should trigger a reorder, ensuring you never run out, while “max” is the maximum level indicating when to stop ordering. This approach minimizes stockouts and excess inventory, improving efficiency and cost-effectiveness for a business.
Why should I use it?
Determining the right min and max levels for a SKU involves balancing factors like demand variability, lead time, and service level goals. You are always considering:
-Historical data to understand demand and lead time variability.
-Considering factors such as safety stock to account for unexpected fluctuations.
-Adjusting based on service level targets and business priorities.
Regularly reviewing and refining your parameters is key to success. Virtual Analyst takes the guess work out of the process.
How does it work?
For a given delivery address (Lightspeed Shop Id), the Virtual Analyst tool will propose recommended purchases based on the products if the items in your Lightspeed POS have Automatic Replenishment filled in with the Reorder point (Min) and Inventory Level (Max).
Items highlighted red have dropped below the minimum order quantity (Min).
Items highlighted orange are about to drop below the reorder threshold (Min). When the inventory level of an item is greater than the minimum but less than 1.5 times the minimum, it is deemed to be "soon to fall below reorder point."
Sku Matching: If there is no match between your products and the HLC items, we will look at the bar codes (either the UPC or the EAN) to see if there is a match.
HLC analyzes your historical data to provide insights into setting up your Virtual Analyst min-max levels. Our goal is to prevent stockouts and avoid excess inventory in your store.
Let us know how we can help.
Qualify at the top level for 2+ of these 4 brands and you'll get access to all current Overstock Margin Booster pricing available at HLC
Brand
Buy-In Levels
Immed. Discount
Recur. Discount
$3,000
$1,000
$750
10%
5%
3%
6%
5%
3%
Dealers can also qualify with and earn standard discounts for Avid, Quarq, RockShox, Time and Truvativ
$500
$250
6%
3%
6%
3%
$500
$250
5%
3%
5%
3%
$500
$250
6%
3%
6%
3%
• Deadline to earn Overstock Margin Booster benefit is October 31, 2023
• Overstock Margin Booster pricing may take 3–5 business days after qualification to show on your account
• Overstock Margin Booster pricing is effective while quantity of eligible products last and may be subject to change without notice
All other standard Flex Plan brands are listed below. You must qualify for each brand separately to earn immediate/recurring discounts.
Brand
Buy-In Levels
Immed. Discount
Recur. Discount
$400
5%
5%
$500
$250
5%
3%
5%
3%
$300
$150
10%
3%
5%
3%
$1,500
$1,000
5%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$1,500
$1,000
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$300
$150
10%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$1,000
3%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$750
$500
$250
8%
5%
3%
8%
5%
3%
$500
$250
5%
3%
5%
3%
$1,500
3%
3%