Maybe you have heard some retailers say that at just the once--means back when--they used a pencil and paper as a method of tracking inventory? Times have changed, yes, however just how far have retailers gone to form the advancements they need to stay up?
Systems administrator Ken Sweeney has been around retail for over 10 years and witnessed the antiquated strategies of tracking inventory. He is accountable for the technology of one of the leading sports and entertainment presenters in the planet, AEG Merchandising. Before the installation of a fashionable day retail point of sale system in 1997, the only ways for tracking inventory and keeping income and merchandise organized were kept with pencil and paper.
It took considerable analysis to find a technology resolution suitable for the wants of AEG. After using retail service provider One Step Information, Sweeney was able to create the right choice for his company.
But do retailers very apprehend what they need while not facilitate of a service supplier?
Nowadays's retail point-of-sale technology desires to have sure key options that allow flexibility, with total functionality for the retailer.
* A system that is scalable. It desires to scale smoothly from a single store to a chain of stores. It desires to be deployed with a stable and scalable database.
* A system that's easy to learn. It wants to have an architecture that is acquainted to employees and simple to use.
* A system that's integrates with different applications. It desires to work on a platform that enables users to maneuver easily from one application to another, and ties information along while not manually re-entering it.
* A system with dynamic inventory control. It desires to possess superior inventory data structures that preserve inventory history.
* A system that provides easy analysis and reporting. It needs to produce unlimited custom reporting capability and allow users to induce the reports they want, how they need it.
* A system that is easy to customize. It wants to support unique retail methods, adaptable to suit changing needs.
The future of retail technology desires to exist in today's technology. There have been several advancements but many software solutions require constant upgrades to stay current with changing needs.
The most cutting-edge retail technology breakthrough is that the recently released Retail Teamwork?. It's the primary all-in-one retail solution engineered on the Microsoft Dynamics platform and delivers real-time reporting.
In line with a news article in Girls s Wear Daily, The $64000-time sales reporting capability of Retail Teamwork brought one sports store in Mesa, Arizona a twenty five p.c increase in sales over the holiday season. The new integrated retail system boosted sales at this $14 million company. "It gave us a grip we tend to were never able to have," said Just Sports owner Kevin Palmer.
Another software answer One Ste Information offers is Retail Pro?. This software has long established itself as the standard in store management software for retailers and has been the leading inventory control /POS system for tiny to medium sized retailers.
Kenco Retail Retailers (DBA Famous Brands) had switched from employing a money register to the modern day purpose of sale system Retail Professional when owner Ken Sanchez could no maintain with managing inventory. Kenco opened its initial store in 1992 is currently a 12 store women's, men's and children's apparel chain located within the New York metropolitan area.
In the beginning, owner Sanchez managed his stores the "previous approach" by using money registers and eye-balling the inventory. Our business had grown to a level where we tend to might now not keep up. We have a tendency to needed a system that will provide us the ability to quickly and accurately replenish our inventory," explained Sanchez.
When you think that of a retail management system, suppose "total control." Which means you wish a system that puts you in management of your inventory and costs, helps you manage trends, and provides you with tools to build customer loyalty.
Author Resource:
William Evan has been writing articles online for nearly 2 years now. Not only does this author specialize in Retail, you can also check out his latest website about:
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