SlideShare a Scribd company logo
1 of 4
Download to read offline
Departmental Stores Retail
www.ivend.com
www.citixsys.com



Actual store operations for all such stores remain broadly the same around
effective in-store automation and supply chain management. The stores sell all
categories of goods ranging from hard goods like furniture, tools and appliances
to soft goods like clothing, towels and sheets. Most of the stores also sell
electronics, toys, drugs and groceries.
Still, each company specializes in a specific merchandizing strategy deciding what
categories of goods to sell and which items to sell in the category to attract a
particular customer type.
Such retail companies heavily rely on imports from Far East at extremely
competitive prices. Not only is the logistics of delivery critical, it is equally critical
to source the right mix of merchandize. Ability to collate, analyze and act on
consumer buying patterns, sales trends and changes in buying patterns are
imperative to succeed in the large departmental stores industry.
Department stores face stiff competition from various other forms of retail
businesses. Entities such as the Home Shopping Network, mail order catalogs, and
Internet retailing have the ability to capture sales due to their convenience and
ease. Nonstore retailers have greatly increased their sales revenues in recent years
due in large to the explosion in e-retailing.”
The industry faces challenges to effectively manage their unique positioning and
merchandizing strategy and at the same time provide a wider range of goods to
the customer under the same umbrella – more so with the same shopping
experience.
Such a balance requires an integrated business management solution that allows
flexibility to cater to the diverse demands of Departmental Stores. A system that
seamlessly integrates all business processes from the POS at store to the planners
at the Head Office lowering the overall cost of operations, simplifying expansion
and enabling the Departmental Store Company maintain his unique proposition
and positioning.
Departmental and Discount Stores in the US have combined annual
revenue of about USD 475 billion.
The industry includes 10,000 companies that operate 40,000 stores.
The industry s highly concentrated with the 20 largest companies
operating 26,000 stores and holding 95% of the market.
BENEFITS
Stay connected with your business operations
iVend Retail comes as an end-to-end business solution for
Departmental Stores seamlessly integrating point of sale, in
store inventory management, logistics, back office store
and head office processes.
iVend integrates with SAP Business All-in-One and SAP Business
One for head office operations and is an extensive retail
management application to manage store and POS operations.
The failsafe integration with SAP keeps the head office always
connected with the store operations across the complete retail
chain.
Inventory control and replenishment
Head office operations get complete visibility of stock across the
retail chain and can effectively push stock rather than relying on
store requisitions. Additionally the merchandising department
can raise purchase orders in time to avoid stock out situations.
Store Managers and POS operators can gain complete visibility
of stock across stores or at the main warehouse / distribution
centers right from the POS interface.
Promotions that maximize profitability
Manage targeted promotions in multiple formats by easily
analyzing detailed customer trends at individual stores and
across the retail chain.
Retain customers and manage customer communication
The loyalty management module in iVend allows you to define
flexible / attractive campaigns, ensuring customer loyalty.
Get a full range of analytics and service capabilities that help you
better understand customer's trends and design promotions
that maximize the potential of all your customer relationships by
informing customers of available points, their value and their
validity.
Grow your average sales ticket
Up sell and alternate item suggestions pop up on the POS
interface enabling the POS operator to make additional
recommendations to the customers.
Smoothly process routine and complex transactions
Combine multiple transaction types with in single POS
transaction. POS operators can process a sale refund and sale
transaction in a single transaction rather than a two step
process.
Data Source Hoovers USA, www.wa.gov
Departmental Stores Retail
www.ivend.com
www.citixsys.com
Head Office / In-Store Management
Feature Functionality
Inventory Management
Setup Product database for standard, serialized, batch managed, kit, assembly and non-
inventory items or download the same from SAP Business One
Define and manage items by attributes, such as Size, Color and Style
Items can be marked as non-refundable
Store and track offline inventory
Create, manage, build and break down kits at individual stores
Create and manage assemblies at individual stores
Define Open Items which can be used with price override
Track items by serial and batch numbers
Support for variants of the product
Setup customer database or synchronize from SAP
View credit limits, balances and customer contact information at the POS
Define multiple billing and shipping addresses for customers
Extend discount on items based on Customer Groups
Analyze customer buying patterns using sales reports at the head office
Store specific pricing
Period and Volume Discounts:
Special Prices for Business Partners
Discount Groups: Define discounts for Business Partners based on:
Item Groups
Item Manufacturers
Define promotions to allow discounts for a specific quantity and/or combination of goods
Promotion based on sale totals
Happy hour based promotions
Define discounts based on:
Item Groups
Manufacturers
Tax Exclusive / Tax Inclusive Pricing
Web based system with customer portal
Setup and manage multiple loyalty schemes which assign points on customer purchases
Define ageing criteria for loyalty points
Redeem loyalty points against new customer purchases
Loyalty points can be redeemed across the network of stores
Setup and manage multiple gift cards
Gift Cards can be sold and redeemed across the network of stores
Re-charge gift cards
Cash back on gift cards
Support for card or paper based gift cards
Assign item substitutes and up sell items
Up sell and alternate item recommendations automatically pop up on the POS
Create and track the cash being disbursed and collected from each POS from the start till end of
each day.
Maintain opening balances for each POS
Ensure till counts at various stages. This helps in auditing and reconciling the till amounts
Record Till Count variance and post variances in SAP Business One.
Create and maintain flexible layaway plans
Define installment count, minimum installment count, maximum installment count, layaway
duration, and inventory issue method for layaway plans
Customer Management
Pricing and Promotion Management
Loyalty Management
Gift Cards / Certificates
Up sells and Alternative Items
Cash and Till Management
Layaway Management
Data Source Hoovers USA, www.wa.gov
www.ivend.com
www.citixsys.com
Head Office / In-Store Management
Feature Functionality
Stock Transfer Create Stock Transfers between stores or between stores and head office warehouse /
distributions centers
Receive stock from unknown source (not based on a purchase order or stock transfer receipt)
Receiving items by scanning items
Visibility of stock across the retail chain
Book orders to be fulfilled by other stores
Perform sales refund from any store
Collect special information at the POS register, e.g. zip codes for advertising effectiveness
Generate reports to show sales breakdowns, identify slow-moving items, and check sales for any
day—by store, item, Item Group, Customer, Customer Group or Sales Person
iVend provides multiple reports in the following categories:
Sales Reports
Collection Reports
Inventory Reports
Fulfillment Reports
Reports can be previewed on screen, printed, or exported to Office Excel, Office Word, and other
applications and formats supported by the Microsoft Windows operating system.
Ability to edit existing reports as per the user format.
New reports can also be added using the custom reporting feature.
Goods Receipt
Inter-Store Transactions
Sale Attributes
Reporting
POS Operations
Feature Functionality
Touch Screen enabled and ability to define keyboard shortcuts
Following transactions are supported on the iVend POS:
Sale
Sale Return
Sale Exchange
Sales Order booking / Order fulfillment
Quotation / Convert quotation to Sales Order or Sale
Layaway booking / Layaway fulfillment
On Account Payment
Capturing Lost Sales
Support for multiple transaction types in a single POS transaction, for example the user can
execute a Sale, Sale Return in a single transaction
Print Gift Receipt to be given with gift items
Visibility of inventory of all stores and warehouses at the POS with real time inventory control
Automatic Barcode determination at POS: The system follows a sequence of methods in
attempting to resolve a barcode to a product or a card swipe to a customer/security use
stopping the search when it successfully matches them
Display customer balance and credit limit on the POS
Automatic price and tax determination at POS
Sale Refund without reference to a sale transaction
Ability to attach reason code to transactions
Ability to add sale level comments at the POS. These comments can be printed on the receipt.
Prompt the user to book a Sales Order when the store is out of inventory
Transaction Processing
Departmental Stores Retail
Data Source Hoovers USA, www.wa.gov
www.ivend.com
www.citixsys.com
POS Operations
Feature Functionality
Customer credit limit check on POS
Ability to suspend transactions and recall the suspended transactions
Ability to void items or the complete POS transaction.
Ability to attach different fulfillment plans to different Sales / Order items.
Build / Break down Kits in real-time on the POS
Manager override for following scenarios:
Price Override at the item level can be done beyond the Price Override Limits
Discount override at the item / sale level can be done beyond the Maximum Discount
allowed
Manager can unlock the POS once it gets locked on reaching the tipple point
Customer credit limits override
Facility for attaching Sales Person to Sale
Track and redeem customer loyalty points
Payments on the POS can be made by the following tenders:
Cash
Credit Card (Supports both online and offline authorization mode)
Debit Card
Check
Travelers Check
Voucher
On Account – This special tender enables the user to leave the payment amount on
account
Gift Card
Loyalty Points
Custom tender – This special tender allows businesses to define their own financial
instruments and control their integration with SAP Business One
Support for the following Credit / Debit cards:
Master Card
Visa
Amex
Diners Club
Discover
JCB
Others – Payment by cards other than the above
Collect payments by multiple tenders
Tender rounding based on retail setups
Automatically update balance / change amount
Automatically update transactions with the default tender for change
Collect advance payment from customers
Transaction payments can be staggered across multiple transactions
Ability to print payment receipts. This feature allows specifying the count of the payment receipt
that is required for e.g. credit card receipts are to be signed in duplicate.
Create and track the cash being disbursed and collected from each POS from the start till end of
each day. Maintain opening balances for each POS and ensure till counts at various stages.
Perform Cash In/Cash Out for the till at the POS
Facility to book petty expenses at the POS
Detailed Tender Counting for Credit Cards/ Debit Cards/ Voucher/ Check / Travelers Check
Transaction Processing
Payment Processing
Periodic Activities
Departmental Stores Retail
Data Source Hoovers USA, www.wa.gov

More Related Content

What's hot

Retail Supply Chain Optimization
Retail Supply Chain OptimizationRetail Supply Chain Optimization
Retail Supply Chain OptimizationGaurav Prajapati
 
How to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail BusinessHow to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail BusinessCountBOX
 
Oracle Retail - Insight Driven Retailing
Oracle Retail - Insight Driven RetailingOracle Retail - Insight Driven Retailing
Oracle Retail - Insight Driven RetailingBlue Events
 
iVend Retail (English)-Brochure
iVend Retail (English)-BrochureiVend Retail (English)-Brochure
iVend Retail (English)-BrochureNitesh Sharma
 
Leading Inventory Innovations Within Multi-Channel Retail
Leading Inventory Innovations Within Multi-Channel RetailLeading Inventory Innovations Within Multi-Channel Retail
Leading Inventory Innovations Within Multi-Channel RetailDwight Hill
 
Optilox Presentation
Optilox PresentationOptilox Presentation
Optilox PresentationNitish Singh
 
iVend Retail Integrated Omni-channel Solutions
iVend Retail Integrated Omni-channel SolutionsiVend Retail Integrated Omni-channel Solutions
iVend Retail Integrated Omni-channel SolutionsSundae Solutions Co., Ltd.
 
E-Commerce 101
E-Commerce 101E-Commerce 101
E-Commerce 101Paul Lepa
 
Crm in retail industry
Crm in retail industryCrm in retail industry
Crm in retail industryMANSI DHINGRA
 
Profitable growth in a foreign countries (part II)
Profitable growth in a foreign countries (part II)Profitable growth in a foreign countries (part II)
Profitable growth in a foreign countries (part II)Vladas Sapranavicius
 

What's hot (20)

Retail for the Uninitiated !!
Retail for the Uninitiated !!Retail for the Uninitiated !!
Retail for the Uninitiated !!
 
Magento eConnect for Infor M3
Magento eConnect for Infor M3Magento eConnect for Infor M3
Magento eConnect for Infor M3
 
Retail Supply Chain Optimization
Retail Supply Chain OptimizationRetail Supply Chain Optimization
Retail Supply Chain Optimization
 
9. CRM in Retail
9. CRM in Retail9. CRM in Retail
9. CRM in Retail
 
How to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail BusinessHow to Effectively Use Shopper Analysis in Retail Business
How to Effectively Use Shopper Analysis in Retail Business
 
Oracle Retail - Insight Driven Retailing
Oracle Retail - Insight Driven RetailingOracle Retail - Insight Driven Retailing
Oracle Retail - Insight Driven Retailing
 
iVend Retail (English)-Brochure
iVend Retail (English)-BrochureiVend Retail (English)-Brochure
iVend Retail (English)-Brochure
 
BI in FMCG
BI in FMCGBI in FMCG
BI in FMCG
 
Leading Inventory Innovations Within Multi-Channel Retail
Leading Inventory Innovations Within Multi-Channel RetailLeading Inventory Innovations Within Multi-Channel Retail
Leading Inventory Innovations Within Multi-Channel Retail
 
Optilox Presentation
Optilox PresentationOptilox Presentation
Optilox Presentation
 
Product Brochure
Product BrochureProduct Brochure
Product Brochure
 
iVend Retail Integrated Omni-channel Solutions
iVend Retail Integrated Omni-channel SolutionsiVend Retail Integrated Omni-channel Solutions
iVend Retail Integrated Omni-channel Solutions
 
MR3 READINESS CHEAT SHEET
MR3 READINESS CHEAT SHEETMR3 READINESS CHEAT SHEET
MR3 READINESS CHEAT SHEET
 
E-Commerce 101
E-Commerce 101E-Commerce 101
E-Commerce 101
 
Crm in retail industry
Crm in retail industryCrm in retail industry
Crm in retail industry
 
Oracle Retail
Oracle RetailOracle Retail
Oracle Retail
 
Profitable growth in a foreign countries (part II)
Profitable growth in a foreign countries (part II)Profitable growth in a foreign countries (part II)
Profitable growth in a foreign countries (part II)
 
Retail terminologies
Retail terminologiesRetail terminologies
Retail terminologies
 
Data visualization for e commerce of jcpenney
Data visualization for e commerce of jcpenneyData visualization for e commerce of jcpenney
Data visualization for e commerce of jcpenney
 
Retail Insights Profile
Retail Insights ProfileRetail Insights Profile
Retail Insights Profile
 

Viewers also liked

Democratizing Business Processes with Android-based Mobile Devices
Democratizing Business Processes with Android-based Mobile DevicesDemocratizing Business Processes with Android-based Mobile Devices
Democratizing Business Processes with Android-based Mobile DevicesScandit
 
Odoo, the perfect ERP for water utilities
Odoo, the perfect ERP for water utilitiesOdoo, the perfect ERP for water utilities
Odoo, the perfect ERP for water utilitiesVincent Laurent
 
Driving sales with digital coupons
Driving sales with digital couponsDriving sales with digital coupons
Driving sales with digital couponsSignal
 
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...Geoffrey Barraclough
 
Scandit's Self-Scanning Solution
Scandit's Self-Scanning SolutionScandit's Self-Scanning Solution
Scandit's Self-Scanning SolutionScandit
 
Retail and Supply Chain Management Software Solution - VIENNA Advantage
Retail and Supply Chain Management Software Solution - VIENNA AdvantageRetail and Supply Chain Management Software Solution - VIENNA Advantage
Retail and Supply Chain Management Software Solution - VIENNA AdvantageVIENNA Advantage
 
6 Reasons Why Big Companies Prefer Open Source ERP Solutions
6 Reasons Why Big Companies Prefer Open Source ERP Solutions6 Reasons Why Big Companies Prefer Open Source ERP Solutions
6 Reasons Why Big Companies Prefer Open Source ERP SolutionsVIENNA Advantage
 

Viewers also liked (10)

iVend Retail - Retail Management Solution
iVend Retail - Retail Management SolutioniVend Retail - Retail Management Solution
iVend Retail - Retail Management Solution
 
Industry Focus: Electronics Retail
Industry Focus: Electronics RetailIndustry Focus: Electronics Retail
Industry Focus: Electronics Retail
 
Democratizing Business Processes with Android-based Mobile Devices
Democratizing Business Processes with Android-based Mobile DevicesDemocratizing Business Processes with Android-based Mobile Devices
Democratizing Business Processes with Android-based Mobile Devices
 
Odoo, the perfect ERP for water utilities
Odoo, the perfect ERP for water utilitiesOdoo, the perfect ERP for water utilities
Odoo, the perfect ERP for water utilities
 
Driving sales with digital coupons
Driving sales with digital couponsDriving sales with digital coupons
Driving sales with digital coupons
 
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...
mPOS is wasted on Micro-merchants. Why this market hasn't grown as fast as ex...
 
Scandit's Self-Scanning Solution
Scandit's Self-Scanning SolutionScandit's Self-Scanning Solution
Scandit's Self-Scanning Solution
 
Retail and Supply Chain Management Software Solution - VIENNA Advantage
Retail and Supply Chain Management Software Solution - VIENNA AdvantageRetail and Supply Chain Management Software Solution - VIENNA Advantage
Retail and Supply Chain Management Software Solution - VIENNA Advantage
 
6 Reasons Why Big Companies Prefer Open Source ERP Solutions
6 Reasons Why Big Companies Prefer Open Source ERP Solutions6 Reasons Why Big Companies Prefer Open Source ERP Solutions
6 Reasons Why Big Companies Prefer Open Source ERP Solutions
 
Digital payments
Digital paymentsDigital payments
Digital payments
 

Similar to Industry Focus: Departmental Stores Retail

Apparel retail software sap business one with i vend retail
Apparel retail software   sap business one with i vend retailApparel retail software   sap business one with i vend retail
Apparel retail software sap business one with i vend retailBSD SOLUTIONS
 
Electronics retail software sap business one with i vend retail
Electronics retail software   sap business one with i vend retailElectronics retail software   sap business one with i vend retail
Electronics retail software sap business one with i vend retailBSD SOLUTIONS
 
Best Retail POS System in USA - Tagrain POS System.pptx
Best Retail POS System in USA - Tagrain POS System.pptxBest Retail POS System in USA - Tagrain POS System.pptx
Best Retail POS System in USA - Tagrain POS System.pptxtagrain56
 
Affordable Retail Software - FusionRetail-6
Affordable Retail Software - FusionRetail-6Affordable Retail Software - FusionRetail-6
Affordable Retail Software - FusionRetail-6rancelab
 
9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business
9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business
9 Smart Tips to Ensure the Success of Your Multi-Store Retail BusinessXStak Retail Operating System
 
Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management Systems Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management Systems Thiha Kyaw Htin
 
Openbravo retailsolutionswp english
Openbravo retailsolutionswp englishOpenbravo retailsolutionswp english
Openbravo retailsolutionswp englishRawntech Mak
 
Advantages of implementing retail management system
Advantages of implementing retail management systemAdvantages of implementing retail management system
Advantages of implementing retail management systemN R Doshi & Partners
 
Unlocking Amazon Brand Analytics
Unlocking Amazon Brand AnalyticsUnlocking Amazon Brand Analytics
Unlocking Amazon Brand AnalyticsTinuiti
 
Site Analytics for Retailers
Site Analytics for RetailersSite Analytics for Retailers
Site Analytics for RetailersDaisuke Nakayama
 
Site Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / PropertySite Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / PropertyDaisuke Nakayama
 
Retail Management System
Retail Management SystemRetail Management System
Retail Management Systemeffiasoft
 
How to Drive Growth in a Multi-channel Retail Business
How to Drive Growth in a Multi-channel Retail BusinessHow to Drive Growth in a Multi-channel Retail Business
How to Drive Growth in a Multi-channel Retail BusinessVision33
 
ProSoft Retail Offerings
ProSoft Retail OfferingsProSoft Retail Offerings
ProSoft Retail Offeringsrajpsft
 
Reinvent your var business
Reinvent your var businessReinvent your var business
Reinvent your var businessShane Emerson
 
Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management SystemsProposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management SystemsMacWolf1
 
Openbravo Store Brochure
Openbravo Store BrochureOpenbravo Store Brochure
Openbravo Store BrochureOpenbravo
 
I Vend Retail For Sap B 1 & All In One
I Vend Retail For Sap B 1 & All In OneI Vend Retail For Sap B 1 & All In One
I Vend Retail For Sap B 1 & All In OneVikas Sharma
 

Similar to Industry Focus: Departmental Stores Retail (20)

Apparel retail software sap business one with i vend retail
Apparel retail software   sap business one with i vend retailApparel retail software   sap business one with i vend retail
Apparel retail software sap business one with i vend retail
 
Electronics retail software sap business one with i vend retail
Electronics retail software   sap business one with i vend retailElectronics retail software   sap business one with i vend retail
Electronics retail software sap business one with i vend retail
 
Best Retail POS System in USA - Tagrain POS System.pptx
Best Retail POS System in USA - Tagrain POS System.pptxBest Retail POS System in USA - Tagrain POS System.pptx
Best Retail POS System in USA - Tagrain POS System.pptx
 
Affordable Retail Software - FusionRetail-6
Affordable Retail Software - FusionRetail-6Affordable Retail Software - FusionRetail-6
Affordable Retail Software - FusionRetail-6
 
9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business
9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business
9 Smart Tips to Ensure the Success of Your Multi-Store Retail Business
 
Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management Systems Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management Systems
 
Openbravo retailsolutionswp english
Openbravo retailsolutionswp englishOpenbravo retailsolutionswp english
Openbravo retailsolutionswp english
 
Advantages of implementing retail management system
Advantages of implementing retail management systemAdvantages of implementing retail management system
Advantages of implementing retail management system
 
Unlocking Amazon Brand Analytics
Unlocking Amazon Brand AnalyticsUnlocking Amazon Brand Analytics
Unlocking Amazon Brand Analytics
 
Site Analytics for Retailers
Site Analytics for RetailersSite Analytics for Retailers
Site Analytics for Retailers
 
Site Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / PropertySite Analytics for Shopping Centres / Property
Site Analytics for Shopping Centres / Property
 
Retail Management System
Retail Management SystemRetail Management System
Retail Management System
 
How to Drive Growth in a Multi-channel Retail Business
How to Drive Growth in a Multi-channel Retail BusinessHow to Drive Growth in a Multi-channel Retail Business
How to Drive Growth in a Multi-channel Retail Business
 
Odoo Retail Management
Odoo Retail ManagementOdoo Retail Management
Odoo Retail Management
 
Omni - channel Retail
Omni - channel RetailOmni - channel Retail
Omni - channel Retail
 
ProSoft Retail Offerings
ProSoft Retail OfferingsProSoft Retail Offerings
ProSoft Retail Offerings
 
Reinvent your var business
Reinvent your var businessReinvent your var business
Reinvent your var business
 
Proposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management SystemsProposal for Point of Sale and Inventory Management Systems
Proposal for Point of Sale and Inventory Management Systems
 
Openbravo Store Brochure
Openbravo Store BrochureOpenbravo Store Brochure
Openbravo Store Brochure
 
I Vend Retail For Sap B 1 & All In One
I Vend Retail For Sap B 1 & All In OneI Vend Retail For Sap B 1 & All In One
I Vend Retail For Sap B 1 & All In One
 

More from Integrated Computer Systems, Inc.

Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...
Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...
Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...Integrated Computer Systems, Inc.
 
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...Integrated Computer Systems, Inc.
 
SAP Business One: The Business Management Solution for Small and Midsize Ente...
SAP Business One: The Business Management Solution for Small and Midsize Ente...SAP Business One: The Business Management Solution for Small and Midsize Ente...
SAP Business One: The Business Management Solution for Small and Midsize Ente...Integrated Computer Systems, Inc.
 

More from Integrated Computer Systems, Inc. (18)

Data Sheet - HP ZBook 14 G2 Mobile Workstation
Data Sheet - HP ZBook 14 G2 Mobile WorkstationData Sheet - HP ZBook 14 G2 Mobile Workstation
Data Sheet - HP ZBook 14 G2 Mobile Workstation
 
Data Sheet - HP Z840 Workstation
Data Sheet - HP Z840 WorkstationData Sheet - HP Z840 Workstation
Data Sheet - HP Z840 Workstation
 
Data Sheet - HP Z640 Workstation
Data Sheet - HP Z640 WorkstationData Sheet - HP Z640 Workstation
Data Sheet - HP Z640 Workstation
 
Data Sheet - HP Z440 Workstation
Data Sheet - HP Z440 WorkstationData Sheet - HP Z440 Workstation
Data Sheet - HP Z440 Workstation
 
Data Sheet - HP EliteBook Folio 1020
Data Sheet - HP EliteBook Folio 1020Data Sheet - HP EliteBook Folio 1020
Data Sheet - HP EliteBook Folio 1020
 
LS Cable: Reliable Foundation for Network Infrastructure
LS Cable: Reliable Foundation for Network InfrastructureLS Cable: Reliable Foundation for Network Infrastructure
LS Cable: Reliable Foundation for Network Infrastructure
 
ICS Brochure - LS Cable Simple™
ICS Brochure - LS Cable Simple™ICS Brochure - LS Cable Simple™
ICS Brochure - LS Cable Simple™
 
Simple™ Structured Cabling System (Cables)
Simple™ Structured Cabling System (Cables)Simple™ Structured Cabling System (Cables)
Simple™ Structured Cabling System (Cables)
 
ICS Product Catalog 2014-2015
ICS Product Catalog 2014-2015ICS Product Catalog 2014-2015
ICS Product Catalog 2014-2015
 
Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...
Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...
Autotask: Using IT Service Management Software to Improve 8 Key Business Proc...
 
Autotask Outsource Management
Autotask Outsource ManagementAutotask Outsource Management
Autotask Outsource Management
 
Autotask Live Mobile
Autotask Live MobileAutotask Live Mobile
Autotask Live Mobile
 
Autotask Case Studies: Hyperactive IT
Autotask Case Studies: Hyperactive ITAutotask Case Studies: Hyperactive IT
Autotask Case Studies: Hyperactive IT
 
SAP Crystal Reports
SAP Crystal ReportsSAP Crystal Reports
SAP Crystal Reports
 
In-Store Camera Analytics Solution
In-Store Camera Analytics SolutionIn-Store Camera Analytics Solution
In-Store Camera Analytics Solution
 
CRM with SAP Business One
CRM with SAP Business OneCRM with SAP Business One
CRM with SAP Business One
 
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...
System and Hardware Requirements Guide for SAP Business One for Releases 8.8 ...
 
SAP Business One: The Business Management Solution for Small and Midsize Ente...
SAP Business One: The Business Management Solution for Small and Midsize Ente...SAP Business One: The Business Management Solution for Small and Midsize Ente...
SAP Business One: The Business Management Solution for Small and Midsize Ente...
 

Recently uploaded

Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 

Recently uploaded (20)

Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 

Industry Focus: Departmental Stores Retail

  • 1. Departmental Stores Retail www.ivend.com www.citixsys.com Actual store operations for all such stores remain broadly the same around effective in-store automation and supply chain management. The stores sell all categories of goods ranging from hard goods like furniture, tools and appliances to soft goods like clothing, towels and sheets. Most of the stores also sell electronics, toys, drugs and groceries. Still, each company specializes in a specific merchandizing strategy deciding what categories of goods to sell and which items to sell in the category to attract a particular customer type. Such retail companies heavily rely on imports from Far East at extremely competitive prices. Not only is the logistics of delivery critical, it is equally critical to source the right mix of merchandize. Ability to collate, analyze and act on consumer buying patterns, sales trends and changes in buying patterns are imperative to succeed in the large departmental stores industry. Department stores face stiff competition from various other forms of retail businesses. Entities such as the Home Shopping Network, mail order catalogs, and Internet retailing have the ability to capture sales due to their convenience and ease. Nonstore retailers have greatly increased their sales revenues in recent years due in large to the explosion in e-retailing.” The industry faces challenges to effectively manage their unique positioning and merchandizing strategy and at the same time provide a wider range of goods to the customer under the same umbrella – more so with the same shopping experience. Such a balance requires an integrated business management solution that allows flexibility to cater to the diverse demands of Departmental Stores. A system that seamlessly integrates all business processes from the POS at store to the planners at the Head Office lowering the overall cost of operations, simplifying expansion and enabling the Departmental Store Company maintain his unique proposition and positioning. Departmental and Discount Stores in the US have combined annual revenue of about USD 475 billion. The industry includes 10,000 companies that operate 40,000 stores. The industry s highly concentrated with the 20 largest companies operating 26,000 stores and holding 95% of the market. BENEFITS Stay connected with your business operations iVend Retail comes as an end-to-end business solution for Departmental Stores seamlessly integrating point of sale, in store inventory management, logistics, back office store and head office processes. iVend integrates with SAP Business All-in-One and SAP Business One for head office operations and is an extensive retail management application to manage store and POS operations. The failsafe integration with SAP keeps the head office always connected with the store operations across the complete retail chain. Inventory control and replenishment Head office operations get complete visibility of stock across the retail chain and can effectively push stock rather than relying on store requisitions. Additionally the merchandising department can raise purchase orders in time to avoid stock out situations. Store Managers and POS operators can gain complete visibility of stock across stores or at the main warehouse / distribution centers right from the POS interface. Promotions that maximize profitability Manage targeted promotions in multiple formats by easily analyzing detailed customer trends at individual stores and across the retail chain. Retain customers and manage customer communication The loyalty management module in iVend allows you to define flexible / attractive campaigns, ensuring customer loyalty. Get a full range of analytics and service capabilities that help you better understand customer's trends and design promotions that maximize the potential of all your customer relationships by informing customers of available points, their value and their validity. Grow your average sales ticket Up sell and alternate item suggestions pop up on the POS interface enabling the POS operator to make additional recommendations to the customers. Smoothly process routine and complex transactions Combine multiple transaction types with in single POS transaction. POS operators can process a sale refund and sale transaction in a single transaction rather than a two step process. Data Source Hoovers USA, www.wa.gov
  • 2. Departmental Stores Retail www.ivend.com www.citixsys.com Head Office / In-Store Management Feature Functionality Inventory Management Setup Product database for standard, serialized, batch managed, kit, assembly and non- inventory items or download the same from SAP Business One Define and manage items by attributes, such as Size, Color and Style Items can be marked as non-refundable Store and track offline inventory Create, manage, build and break down kits at individual stores Create and manage assemblies at individual stores Define Open Items which can be used with price override Track items by serial and batch numbers Support for variants of the product Setup customer database or synchronize from SAP View credit limits, balances and customer contact information at the POS Define multiple billing and shipping addresses for customers Extend discount on items based on Customer Groups Analyze customer buying patterns using sales reports at the head office Store specific pricing Period and Volume Discounts: Special Prices for Business Partners Discount Groups: Define discounts for Business Partners based on: Item Groups Item Manufacturers Define promotions to allow discounts for a specific quantity and/or combination of goods Promotion based on sale totals Happy hour based promotions Define discounts based on: Item Groups Manufacturers Tax Exclusive / Tax Inclusive Pricing Web based system with customer portal Setup and manage multiple loyalty schemes which assign points on customer purchases Define ageing criteria for loyalty points Redeem loyalty points against new customer purchases Loyalty points can be redeemed across the network of stores Setup and manage multiple gift cards Gift Cards can be sold and redeemed across the network of stores Re-charge gift cards Cash back on gift cards Support for card or paper based gift cards Assign item substitutes and up sell items Up sell and alternate item recommendations automatically pop up on the POS Create and track the cash being disbursed and collected from each POS from the start till end of each day. Maintain opening balances for each POS Ensure till counts at various stages. This helps in auditing and reconciling the till amounts Record Till Count variance and post variances in SAP Business One. Create and maintain flexible layaway plans Define installment count, minimum installment count, maximum installment count, layaway duration, and inventory issue method for layaway plans Customer Management Pricing and Promotion Management Loyalty Management Gift Cards / Certificates Up sells and Alternative Items Cash and Till Management Layaway Management Data Source Hoovers USA, www.wa.gov
  • 3. www.ivend.com www.citixsys.com Head Office / In-Store Management Feature Functionality Stock Transfer Create Stock Transfers between stores or between stores and head office warehouse / distributions centers Receive stock from unknown source (not based on a purchase order or stock transfer receipt) Receiving items by scanning items Visibility of stock across the retail chain Book orders to be fulfilled by other stores Perform sales refund from any store Collect special information at the POS register, e.g. zip codes for advertising effectiveness Generate reports to show sales breakdowns, identify slow-moving items, and check sales for any day—by store, item, Item Group, Customer, Customer Group or Sales Person iVend provides multiple reports in the following categories: Sales Reports Collection Reports Inventory Reports Fulfillment Reports Reports can be previewed on screen, printed, or exported to Office Excel, Office Word, and other applications and formats supported by the Microsoft Windows operating system. Ability to edit existing reports as per the user format. New reports can also be added using the custom reporting feature. Goods Receipt Inter-Store Transactions Sale Attributes Reporting POS Operations Feature Functionality Touch Screen enabled and ability to define keyboard shortcuts Following transactions are supported on the iVend POS: Sale Sale Return Sale Exchange Sales Order booking / Order fulfillment Quotation / Convert quotation to Sales Order or Sale Layaway booking / Layaway fulfillment On Account Payment Capturing Lost Sales Support for multiple transaction types in a single POS transaction, for example the user can execute a Sale, Sale Return in a single transaction Print Gift Receipt to be given with gift items Visibility of inventory of all stores and warehouses at the POS with real time inventory control Automatic Barcode determination at POS: The system follows a sequence of methods in attempting to resolve a barcode to a product or a card swipe to a customer/security use stopping the search when it successfully matches them Display customer balance and credit limit on the POS Automatic price and tax determination at POS Sale Refund without reference to a sale transaction Ability to attach reason code to transactions Ability to add sale level comments at the POS. These comments can be printed on the receipt. Prompt the user to book a Sales Order when the store is out of inventory Transaction Processing Departmental Stores Retail Data Source Hoovers USA, www.wa.gov
  • 4. www.ivend.com www.citixsys.com POS Operations Feature Functionality Customer credit limit check on POS Ability to suspend transactions and recall the suspended transactions Ability to void items or the complete POS transaction. Ability to attach different fulfillment plans to different Sales / Order items. Build / Break down Kits in real-time on the POS Manager override for following scenarios: Price Override at the item level can be done beyond the Price Override Limits Discount override at the item / sale level can be done beyond the Maximum Discount allowed Manager can unlock the POS once it gets locked on reaching the tipple point Customer credit limits override Facility for attaching Sales Person to Sale Track and redeem customer loyalty points Payments on the POS can be made by the following tenders: Cash Credit Card (Supports both online and offline authorization mode) Debit Card Check Travelers Check Voucher On Account – This special tender enables the user to leave the payment amount on account Gift Card Loyalty Points Custom tender – This special tender allows businesses to define their own financial instruments and control their integration with SAP Business One Support for the following Credit / Debit cards: Master Card Visa Amex Diners Club Discover JCB Others – Payment by cards other than the above Collect payments by multiple tenders Tender rounding based on retail setups Automatically update balance / change amount Automatically update transactions with the default tender for change Collect advance payment from customers Transaction payments can be staggered across multiple transactions Ability to print payment receipts. This feature allows specifying the count of the payment receipt that is required for e.g. credit card receipts are to be signed in duplicate. Create and track the cash being disbursed and collected from each POS from the start till end of each day. Maintain opening balances for each POS and ensure till counts at various stages. Perform Cash In/Cash Out for the till at the POS Facility to book petty expenses at the POS Detailed Tender Counting for Credit Cards/ Debit Cards/ Voucher/ Check / Travelers Check Transaction Processing Payment Processing Periodic Activities Departmental Stores Retail Data Source Hoovers USA, www.wa.gov