The Retail Enterprise resource planning (ERP) all designate information systems used by retailers. Retail systems are the enterprise back- and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks.
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Highlights
- The Retail Enterprise resource planning (ERP) all designate information systems used by retailers.
- Retail systems are the enterprise back- and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks.
- These systems typically record product performance, which allows the buying personnel to make accurate merchandise purchasing decisions.
- Retail systems have capabilities for tracking inventory, capturing sales data, and managing retail prices.
- Successful retail operations generally require communication between the supply chain management (SCM) or ERP solutions.
Benefits
- Automate business processes to allow retailers to have more time for planning and analysis.
- Increase customer loyalty by providing personalized shopping experiences.
- Reduce markdowns by improving buying decisions with the ability to analyze sales history and trends.
- Analysis of customer purchasing habits to increase sales by offering personalized promotions.
- Replenish stores automatically to reduce inventory cost.
- Know your inventory to prevent loss.
- Know where business stands in real time and make accurate business decisions.
- Increase visibility on transactions and inventory to reduce loss.
- Reduce the amount of markdowns to increase profit.