To stay competitive in this globalized world, retailers should be able to launch
products and promotions quickly and provide enhanced customer service. All of these
factors increase the need for flexibility and agility in retail applications.
A software which helps your business growth to any level from
single store to multi-store to chain-of-stores,
from company-owned model to consignee model to franchisee model
and then from retail-sale to stock-transfers to whole-sale invoicing.
As retailers strive to maximize business results through growth and increasing profit margins, they face more demanding customers, new regulations, globalization, and the destabilizing effects of technological advancement. All of these critical factors are changing the retail landscape significantly and introducing new challenges and generating new requirements for the retailers. To stay competitive in this globalized world, retailers should be able to launch products and promotions quickly and provide enhanced customer service. All of these factors increase the need for flexibility and agility in retail applications. Remaining competitive in this environment requires IT investments to increase employee impact and drive business value, while keeping a tight control on costs.
zOrder's flagship product zOrderRETAIL is a comprehensive package that addresses all of the above challenges in fast, accurate and efficient manner. Built on the industry standard ERP foundation named zOrder™ Enterprise v1.1, this software proved to be the best of its kind to manage almost every activity in retail management scenario.
A complete and comprehensive software for retail management is here to connect to all your business needs. Now you need not to worry about your inventory management, customer relationships management or point of sale activities, just leave it to zOrderRETAIL. A software which helps your business grow to any level from single store to multi-store to chain-of-stores; from company-owned model to consignee model to franchisee model and then from retail-sale to stock-transfers to whole-sale invoicing. zOrderRETAIL takes over all kind of transactions related to retail management so that you should just focus on the growth of your business by analyzing ad-hoc BI reports rather be involved in transactional activities. zOrderRETAIL's integrated Business Analysis tool helps you to take business critical decisions by getting a clear picture of your business status and profitability.
Simple-Yet-Powerful POS solution which gives an immense experience to its users by comprising all POS related activities such as Cashmemo, Approvals, Quotations, CreditNotes, BillOfExchange and so on. One touch actions and auto-print features helps users for faster check-outs such as:
Maintain your inventory in more meaningful manner through its inventory-categorization. Barcoding with EAN support, retaining pre-barcoded items, Box-coding and Unique coding are some of the methods through which you can maintain your inventory. Generation of multiple-debit-notes at once saves great time and effort in segregating items as per their purchase-bills in order to return them to suppliers. Inbuilt payment module helps you keep record of supplier payments.
Company Owned stores, Franchisee, Consignee, Shop-in-shop outlets. zOrderRETAIL helps your organization in managing all kind of business associates withsimple and meaningful manner. A mix of online and offline technologies helps managers to be informed about the last-minute activity at store, whereas it provides ability to un-interrupted billing at store in case of lost connectivity with HO.
A Retail Point of Sales system typically includes a computer, monitor, cash drawer, receipt printer, customer display and a barcode scanner. The POS system software can typically handle a myriad of customer based functions such as sales, returns, exchanges, gift cards, customer reward programs, BOGO (buy one get one), quantity discounts and much more. POS software can also allow for functions such as date sensitive promotional sales, foreign currency handling and multiple payment types.
The POS unit handles the sales to the consumer but it is only one part of the entire POS system used in a retail business. Other functions of the POS system include inventory control, purchasing, receiving and transferring of products to and from other locations. Other functions of a POS system are to store sales information for reporting purposes. Customer information may be stored for receivables management, marketing purposes and specific buying analysis. Many retail POS systems include an accounting interface that "feeds" sales and cost of goods information to an accounting package.
The number one job in retail, of course, is serving the customer. A point of sale system is a tool which makes that job faster, easier and more profitable, but there has to be a cost benefit to computerizing. With today's technology the benefit is there as long as the retailer commits to using a system's full potential.
Computerizing your business does not necessarily give you an advantage over your competitors - you may have to do it simply to stay competitive. Three areas where immediate benefits can be seen are:
Not necessarily. While there are many industry-specific software packages available, many of them don't offer all of the features available in a general retail software package. Often times, a general retail software package can do everything that industry-specific software can do, plus a whole lot more. Ask yourself what features you need now and in the future. Do you want a customer loyalty program? Do you need faster credit card authorizations over the Internet? What about a Dashboard view of your key performance indicators?Make sure that you don't lock yourself into industry-specific retail software that can't handle all of your needs.
First and foremost, take the time to understand the specific needs of your store. Establish your total technology budget. If necessary, break it down into the things you need this year and things that can wait until next year. Find reputable technology companies with years of expertise in the retail industry. Ask for references and call them. Many customers are happy to talk about their business challenges.Consider all factors, such as retail software, technical support, service after the sale, point of sale hardware, and integration with accounting packages or other business software you use.
The single biggest mistake retailers make when choosing a new retail POS system is buying the point of sale hardware before the retail software. The retail software you choose to run your retail business may not be compatible with your new point of sale hardware. Not all scanners, weight scales, or card readers will work with all retail software packages. Buying both the point of sale hardware and the retail software from the same vendor can reduce or eliminate compatibility issues and can often reduce your overall technology costs.
A retail POS system can help you increase your profits in many ways. Quicker, more reliable checkouts mean less manpower is needed. Sales reports allow you to maximize you inventory levels and control costs. Built-in loyalty programs encourage higher ticket averages and repeat business from your customers. Integrated ecommerce services generate additional revenue from Internet sales.
Talk to your technology consultant about other ways a retail POS system can help increase your bottom line.
A good retail POS system increases your efficiency by eliminating unnecessary work. Instead of using separate systems for your retail, mail order, ecommerce, and wholesale divisions, choose one retail software package that can manage your entire business. Choose a retail POS system that increases your speed of service with faster ticket entry, on-the-fly data entry, and data-driven lookups.
Make sure that the retail software you choose can automate all of your process-oriented tasks, such as physical count, purchasing, label printing, and customer loyalty.
Learning the basics of a retail POS system is just as easy as learning to use a cash register, and if someone makes a mistake, it's much easier to correct that mistake on a point of sale system—plus you'll have a detailed transaction record of the mistake.
Many of today's user-friendly retail POS systems feature touchscreen technology. Your cashiers can use their fingertips or a mouse to touch the large, color-coded buttons to process sales. Any concerns you have about training seasonal employees or volunteers will be relieved when you see how easy touchscreen interface is.
While an electronic cash register is a suitable way to track money, installing a retail POS system will simplify your life as well as your customers'. With a retail point of sale system, you'll streamline operations, increase checkout times, make more money, increase efficiency, keep better inventory records, and have the most robust reporting capabilities right at your fingertips. The right retail point of sale system will pay for itself over and over again with its functionality.
More than likely, you can't afford not to have a retail point of sale system. Today's retail POS systems come in all sizes and are designed to fit businesses of any size—from single location mom-and-pop shops to the mega-chains with thousands of locations. Do your research, distinguish your wants from your needs, and talk to some technology vendors. You'll find that there is a retail POS system out there that meets your needs—and your budget.
Any retail software package with inventory management and reporting features will have some underlying database. This database is where all of your items, customers, and sales history are stored. The underlying databases differ among various software manufacturers.The key to choosing the right database lies in its format. You want to choose a broadly-understood data format that offers compatibility with third-party software applications. With the right data format, you can view your data just about any way you want to. For example, a retail software based on Microsoft SQL may offer compatibility with Reporting Tool or Microsoft® Excel. Compatibility with third-party applications gives you unlimited reporting and analysis options.
Be sure choose a database architecture that ensures data integrity, so you know your data will always be accurate and reliable.
Backups are critical. They protect your valuable business information from the unforeseen. Disasters—from hurricanes and floods to system failure or theft—can strike anyone, anytime, anywhere. Choose a retail POS system with easy-to-perform backup procedures. Keep a running log of your backups and make sure that someone is responsible the backups. It's also important to store your backups off site.
A scalable retail software package will grow with you as your business grows. Choose a retail point of sale system that can readily accommodate additional users, additional workstations, and additional stores. When considering your future growth, keep in mind features you may one day need, such as multi-currency support or support for multiple tax rates across different regions. If history is a concern, make sure that the retail software you choose can store years and years of data.
Computerizing the accounting functions will have a very small impact on your profitability but inventory is your number one asset. Managing it well is a key factor to business success. Good inventory control means balancing the expectations of your customers and your bankers, so you have to avoid being either under or over stocked. Some systems offer both inventory control and accounting modules but most successful retailers use completely different systems for each one. This is because software that tries to do it all usually ends up doing some of it badly, and the few that don't are extremely expensive. If you computerize your inventory control first you will get a much better return on your systems investment. Timely details about sales, inventory, invoicing, margins, orders and customers will help you earn more money than a new accounting system will save.
No, it can be done much faster and more accurately if the POS system can read data from a hand-held barcode reader. These units are carried to where the stock is and the counts are scanned or punched in. The information is later transferred to the computer by cable. The computer then pops up a table showing where the shelf counts do not match the computer data and gives you a chance to correct it quickly and easily.
Barcodes greatly increase the integrity of the point-of-sale transactions. If cash personnel have to enter a stock code for each POS transaction the chances of making mistakes are higher. Good retail management software should print barcode labels in two sizes and can automatically print a label for every item in the last shipment. Since the UPC barcode is industry assigned, you should use another barcode scheme for your own stock such as Code39. There is no problem associated with having UPC and Code39 labels in the same store because barcode scanners can auto-recognise which type of label they are reading.
The extensive reporting capabilities built into better retail software packages offer business owners and managers an in-depth look at their businesses. With a few clicks of a mouse, you can drill down into multiple layers of your report or create boardroom quality graphs and charts.
While you may not need every single report available in a particular retail software package, you do want to choose the retail software package with the most flexibility. Retail software that integrates with the industry-leading reporting tool, offer the most customization capabilities. If you want to be able to customize the built-in reports or create your own reports from scratch, make sure that the retail software you choose can handle it.
There should be a dozen to choose from, though most retailers use only three of four on a regular basis. Which ones you use will depend on the nature and style of your business. Better systems can limit the scope of a report to a given department, supplier, stock code range, etc.
It might, and it is important to be very sensitive to a customer's reluctance. However, this information is so valuable that not trying to gather it may be a mistake. Experience shows that it costs a lot more to get a new customer into your store than getting an old one back. This kind of marketing has proven to be the most cost-effective way to drive up sales. Better software systems allow for a variety of customer data and mailing capabilities which can identify customers by last purchase date, birthday, purchase history, customer type and salesperson. This is powerful information for the retailer because it gives us the ability to target promotions where they count, measure advertising results, purge inactive names from mailing lists and do follow-up phone calls. Once people are in the system they do not have to be re-entered, but can be called up by name, phone number, company or customer number. A good system will also give you the option to avoid re-typing the city, state and pincode for every new customer.
The setup phase can be a headache if it is not properly planned and then rushed through. Don't decide on Saturday that the system has to be installed and fully integrated into the business by Monday. Allow lots of time for you and your staff to get used to a new routine. It would be ideal to run the new system in tandem with the old one for a week or more, but this is a luxury that many stores cannot indulge in. The POS system should start providing useful information about inventory control and customers after a month of full-time use.
Yes. When you purchase new retail software, you get the latest software release that's available on the date you purchase it. As new features are added to the retail software in subsequent releases, only those users with active subscription services with active AMC will receive those updates. And no matter how good the retail software is, it may have a few bugs in it all.
Your subscription service will provide you with product updates, new features, and bug fixes for as long as your subscription service is active. Subscription services also encourage software companies to continue to invest resources in improving their retail software.
Talk to more than one technology vendor. Just talking to vendors doesn't cost a thing, and you'll learn a lot about retail software and point of sale systems in the process. Don't just consider the retail POS systems available from each vendor. You also need to consider the vendor's location, areas of expertise, and number of years in business. Does the vendor offer extended support hours if you need them? If you have stores in multiple regions, can your vendor support all of your stores? Make sure that the vendor you choose can grow with you as your business grows.
Most importantly, choose a company you trust. The company you choose will be responsible for keeping your retail point of sale system running for the next 5-7 years.
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