Retail ERP Solutions
Before starting about the body of my topic ‘Retail ERP Solutions’, its scope, features and importance I would like to define some keywords that will frequently used in my article. It will help you to understand my topic in deep. Here I’ll start with defining
- Retail is selling of goods/products/services from individuals or business to end users.
- Retailer is the person that purchases goods and products in large quantities from manufacturers directly or through wholesale, later on sells in smaller quantities to the customers for some profit. Retailers are a part of integrated system called as “Supply Chain”.
- Retailing is a process of selling goods/products/services either from a fixed location like stores or markets or door-to-door or online websites.
- Online retailing is also known as eCommerce (business-to-consumers).
- Shopping is generally refers to the act of buying goods or products.
- Inventory means total number of goods as stock present in the warehouse.
- Merchandising the activity of trying to sell goods or services by advertising them or displaying them attractively.
Introduction to Retail ERP System
In the rapid era of technology, every individual is more concerned towards time’s impotence. Such advancements in business industry have given news ways.
Retail with integrated enterprise resource planning (ERP) system is an outstanding multipurpose suite for store, markets and multinational organization’s setups in order to deal with their POS online through business-to-consumer (B2C) approach.
Retail ERP point-of-sale compatible with iPod, Mac and Personal Computers that can be easily step up, manage by which you can grow your business from a local store to cloud.
Though Retail ERP System is enlisted with numerous number of valuable features. Here I’ll going to elaborate each one by one.
Advantages of Retail ERP System
1. Compatibility with Peripheral Devices
Retail point-of-sale with integrated ERP System. Retail ERP is beautifully designed, responsive point-of-sale system that makes fast & easily selling of goods to customers. It can works on iPods, Mac and PC to get connected to all latest H/W and bar-code scanners, receipt printers, cost drawers. It is also feasible with hardware that is already owned by you.
2. Ease of Get Paid
Retail POS with integrated ERP system has feature to facilitate online as well as offline independent to the internet connections limitations. System has also provided you ease to pay by your desired payment method. System gives you facility to pay either by credit or debit cards from all over the world. These features are outstanding by utilizing this u can get paid within minutes.
3. Catch Your Valuable Customers
System give flair features that are excellent source to catch more clients & customers than you ever imagined. Your outstanding POS will not only raise your income graph but also make you’re your customers more satisfied and happy with your time saving services.
By which you can build a strong & unbreakable trust over customers. For this you should connected to your customers through social media. Always keep in mind that your happy customers are only key to your success & popularity. When they like you they will tells others.
4. Flawless Workflow
Retail POS with integrated ERP System provides ease of product management. System is capable of managing your catalog, adding costs, retail prices, discounts and bulk of others operations like import and export. Features of printouts and flawless procedures to checkout page make it extra ordinary in its own ways.
5. Stock Management
Powerful cloud based retail system sub modules provides strong control on stock & inventory system. By this your staff will instantly become to check exact numbers items remaining in stock.
6. Real Time Reporting
Real time reporting features are recommendable. Retail POS with integrated ERP System is a cost effective & efficient system. It has ensured secure execution processes for better customer services.
Sub-Modules of Retail ERP System
The whole suit of Retail system is the combination of independent sub modules each of one can work itself as well. Integration with ERP System also made it outstanding. Organization can customized the Retail System in accordance to their domain size. Some of them are:
- POS & Store Solutions
- Merchandizing Management System
- Business intelligence Management System
- Vendor Relationships Management System
- Audits & Operation Management System
- Customer Relationship Management System
- Inventory Management System
- Cross Commerce Management System
- Supply & Chain Management System
- Warehouse Management System
- Planning & Assortment Management System
Winding Up With Retail ERP System
Welcoming behavior of business owners towards these advancement in business industry are positive signs. These innovations are beneficial for both owners & customer’s satisfactions. Such organizations are reaching new levels, with the scope of activities that are widening from traditional transactions, inventory and delivery management. Retail ERP Solutions has enabled organizations to design & implement in new ways that are preferable independent to domain size.
At last Companies that are adopting these advancements of Retail ERP Solutions in the industry are making their unbanishing survival in markets. Pay attention to your objectives and needs and then develops a plan that works for you… Come up with encouraging creativeness with WOW factor. That will eventually shine your upbeat image in terms of fame.