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Overview
• Applying an appropriate retail
management system is one of strategic
approach to retailers. Besides providing
customer management which brings long-
term value to their business, a best-on-
class retail management system brings
more benefits.
By far the biggest challenge we hear from buyers is
that their existing system is non-intuitive; they are
looking for a new system and their primary
requirement is ease-of-use. Then, a good solution
must be designed so employees can learn POS
procedures in minutes with built-in applications and
an intuitive user interface.
With the right retail software, sales transactions
become faster and easier. Retailers can:
•Immediately access prices, availability, and stock
location through the customizable POS screen
•Access customer profiles and handle multiple
tenders and partial payments at checkout
•Accelerate checkouts, offer up-sells and cross-
sells through suggestive selling of linked items,
and implement automatic discounts for frequent
shoppers
Retail management systems allow retailers to
capture and store customer information, which
can later be used for advertising, promotions, etc.
In addition, the software will help retailers
organize, simplify, and automate the otherwise
tedious day-to-day business operations and
transactions, and reduce the effort required for
repetitive manual activities
Efficient retail software enables executives to
access, analyse, and share current, detailed data
across the entire business which include built-in
statistics and KPIs for users viewable directly.
Best-in-class retail management software will help
retailers plan promotions, forecast their
performance, and analyse the results. Thus,
retailers can offer customers discounts at point of
sale whilst being able to limit the impact of those
activities on the product’s profitability
Retail management software will provide details
on current item stock and identify additional stock
required to smoothly operate the business. Then
retailers place proper purchase orders, thus
avoiding surplus, and minimizing waste.
Many retailers are moving to support multiple
channels – retail stores, e-commerce websites,
mail-order catalogs… As they roll out new
channels they often implement separate,
redundant software systems – one for each
channel.
Benefits of retail management system

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Benefits of retail management system

  • 1. By:
  • 2. Overview • Applying an appropriate retail management system is one of strategic approach to retailers. Besides providing customer management which brings long- term value to their business, a best-on- class retail management system brings more benefits.
  • 3. By far the biggest challenge we hear from buyers is that their existing system is non-intuitive; they are looking for a new system and their primary requirement is ease-of-use. Then, a good solution must be designed so employees can learn POS procedures in minutes with built-in applications and an intuitive user interface.
  • 4. With the right retail software, sales transactions become faster and easier. Retailers can: •Immediately access prices, availability, and stock location through the customizable POS screen •Access customer profiles and handle multiple tenders and partial payments at checkout •Accelerate checkouts, offer up-sells and cross- sells through suggestive selling of linked items, and implement automatic discounts for frequent shoppers
  • 5. Retail management systems allow retailers to capture and store customer information, which can later be used for advertising, promotions, etc. In addition, the software will help retailers organize, simplify, and automate the otherwise tedious day-to-day business operations and transactions, and reduce the effort required for repetitive manual activities
  • 6. Efficient retail software enables executives to access, analyse, and share current, detailed data across the entire business which include built-in statistics and KPIs for users viewable directly.
  • 7. Best-in-class retail management software will help retailers plan promotions, forecast their performance, and analyse the results. Thus, retailers can offer customers discounts at point of sale whilst being able to limit the impact of those activities on the product’s profitability
  • 8. Retail management software will provide details on current item stock and identify additional stock required to smoothly operate the business. Then retailers place proper purchase orders, thus avoiding surplus, and minimizing waste.
  • 9. Many retailers are moving to support multiple channels – retail stores, e-commerce websites, mail-order catalogs… As they roll out new channels they often implement separate, redundant software systems – one for each channel.