Retail companies looking to increase their bottom line may be overlooking some of the valuable information offered by their ERP software that can help them reduce costs and increase profitability. Here are just a few areas where retail ERP software can benefit retailers.
Retailers constantly walk the line between ordering too much or too little inventory. A retail ERP system can provide the insight needed to accommodate multiple
Optimized Product for Each Store
Suppose two different store locations report the same average daily sales numbers. Does it naturally follow that inventory for both stores should be restocked exactly the same? Deeper investigation will typically find that sales at one store were largely due to heavy sales volume from one specific product area, while the second store’s sales were due to a completely different product mix. Retail ERP systems take advantage of these trends to let you
Retail ERP systems can really flex their muscles when it comes to looking at raw data and helping you come to decisions about what is working and what isn’t, giving you real-time
About the author
Wm. Matthew Street is a developer and business analyst at ArcherPoint. A retail ERP expert, Matthew has spent more than 32 years focused on driving improvements in business processes, operations, inventory management, business planning, and accounting.
For over a decade, ArcherPoint, LLC, a Northern California Microsoft Dynamics NAV (Navision) partner, has been specializing in helping retail companies replace disparate systems with fully integrated, end-to-end business solutions using the depth and breadth of Microsoft technology and built on a foundation of Microsoft Dynamics NAV. Best of breed applications join together in a single, easy to use solution, tailored to the unique needs of businesses and at an affordable entry point, giving growing companies access to world-class solutions that will grow with them.
by ArcherPoint, LLC