Retail Market: Thrust in Software Solutions

Here is a list of various retail management software used in different departments of retail industry to enhance the performance and profitability of stores.

  • ERP Software-as-a-Service (SaaS)
  • Point Of Sale (POS) Solutions
  • Inventory Management & Control
  • Supply Chain Management
  • Reports On Performance
  • Customer Solutions
  • Accounting & Financial Management
  • Mobility Solutions
  • Social Networking
  • Business Analytics
  • Affiliate Marketing

Cloud solutions & Software-as-a-Service (SaaS)

E-tail and retail companies gets cloud support by leveraging the powerful ERP solutions. Retail operations can be managed online using a centralized database without making investments in infrastructure like server, firewall, licensing, anti-virus, etc. This software is easier to install and provides a number of benefits which include offline storage support (without an internet connection), push notifications, and supports multiple mobile platforms like iOS, Android, etc.

Point of Sale (POS)

POS software solution helps retailers to face some of the difficult challenges of retail market. A right POS software provides better shopping experience, improves productivity and drives sales of customers. Point of sale includes payments, cash management, security control, and employee management.

Inventory Management & Control

Retail business is supported by a robust inventory management and control software offering multiple channel and multiple location support. This software is flexible and can manage orders, billing, pricing, shipping and sales. You also get SMS alerts if a specific order level for each item is reached and also helps you to track the goods in various warehouses or locations.

Supply Chain Management

Supply chain solutions involves shipping products and services much faster, with better quality. The various components of supply chain management solutions are warehouse management, inventory management & control, wireless tracking, and point of sale solutions. Retailers can manage orders and stocks efficiently and can also make the supply channel very effectively.

Reports

Retailers can generate reports and analyze performance of stores, departments, customers, employees, stock, sales and products using the Reports software, which also helps retailers to maximize their efficiency and profits.

CRM Solutions

Customer Relationship Management (CRM) software allows retailers to capitalize on customers’ database and their history of transactions across sales channels and meet the challenges in retail market. CRM strategies provides a 360 degree view of customers and makes retail marketing solutions easy. It paves way for long-lasting and enduring customer relationships and is surely a loyalty addition for retailers and support them through some aggressive marketing campaigns and promotions at point of sale.

Accounting & Financial Management

All the accounting and financial needs of stores can be successfully managed, controlled and made easier with Accounting & Financial Management software. This includes bank accounts, inventory, vendor, billing; employees and payroll management which help retail companies to make some quick decision-making.

Web Store

Retailers can integrate eCommerce features to host their existing site adding online shopping, payment gateways, multiple language and currency options which are cost-effective and provides intuitive shopping experience to customers.

Mobility solutions

Retailers can harness the power of mobile technology on POS solutions to service customers anywhere, anytime – on the go. Mobile POS makes customer interactions engaging and they can get up to date product and store information by integrating GPS in smartphones and tablets. This helps retailers to provide high quality customer service, improve efficiency and increase profitability.

Analytics

With Analytics, business data can be transformed into meaningful information and enables retailers to take informed decisions and also gain a competitive edge over their rivals. Analytics software doesn’t need higher investments from retailers. It helps retailers to customize Analytics features thereby increase their sales volume, which will in turn increase their profitability and provide better ROI.

Affiliate Marketing

Retailers can create email marketing campaigns, search-engine optimization and affiliate marketing strategies which will increase revenues, reduce costs and improve ROI in real time basis. Discounts, deals, promotions, coupons, volume pricing and customer-specific discounts will drive sales exponentially and promote customer loyalty.

Optimize Your Shipping Management With Software Solutions

Any company that has to deal with shipping can attest to what a nightmare it is to have something not arrive to a customer destination when it’s suppose to. Worse still is having no idea why it did not get there. To be safe, many companies simply use the bigger shipping corporations like Fed-Ex and UPS, but others try using smaller providers to save a little money or because the larger corporations will not handle what they have to transport. Regardless of your reasons for wanting to handle shipping yourself, you need to make sure you can do that. The best way is to get software that will help you to stay organized and lessen the chance of making any mistakes.

FedEx shipping software is great because it allows logistics officers to keep track of millions of packages each year so that they are never put in a situation where they do not know where something is. Your company may not handle millions of packages like global mega-corporations will, but you still need to make sure that you operate at the same level of reliability. These companies handle millions of items each and every year but they make few mistakes thanks to FedEx and other multi-parcel shipping software systems that are paramount for success. These same tools will also be paramount for the success of any smaller company smart enough to make use of them. Making mistakes in shipping is the most frustrating thing for a customer to have to deal with. The most successful banks, the most successful cell phone companies, the most successful computer companies are not the best because they have the cheapest prices. They are the best because people they give the best service to their customers who are willing to pay a little extra for the products and services to make sure that their demands and needs are met.

Along with having great software it would be smart if you also have great shipping management. Sooner or later you will need to have someone watching over the entire operation, especially if you are shipping out larger products. Shipping management double checks the software, the personnel, inventory, and everything else to make sure that the entire operation runs smoothly. They rely on the software just as much as the software relies on them to make sure everything is done properly. A company that struggles with its shipping can not succeed no matter how cheap or great their products and services may be. It is vital to the success of any company that you make sure your customers are happy and the easiest way to do that is by making sure they get what they ordered.

Logistics Software Solutions Vs Hiring a Parcel Rate Adjuster

Parcel carrier rates aren’t designed to help your company reduce shipping costs; they’re designed to support the profits of parcel carriers. You won’t hear it in their advertisements, but parcel carriers have an inflexible set of standard rates that give the appearance of flexibility due to a set of pricing algorithms that determine how the rates are applied. So, how do you keep your shipping system from being a financial casualty of the parcel carrier system? The first step is a simple: avoid being convinced that one parcel carrier is somehow “better” than the rest. When people arrive at this perception, it’s often in response to advertising ploys that promote notions of a carrier’s “nobility” via its selfless dedication to the customer.

When businesses become dedicated to one carrier, they typically stop shopping for better parcel shipping rates and end up paying for services that they don’t need. Therefore, step two of assuring that your company gets the best carrier rates is either having a parcel rate adjuster investigate your situation or implementing transportation logistics software. Both transportation logistics software and parcel rate adjusters offer extensive logistical information that reveals fair courier rates for a variety of shipping situations, including the comparative analysis of fuel surcharges between carriers and audits of shipping fees that uncover breaches in service, such as non-delivery of services or service delivered too late. Logistics software and rate adjusters also determine whether your company is being charged for services that it simply doesn’t need, such as residential delivery or Hazmat shipping services.

When you consult logistics software or a reputable rate advisor, you can expect to receive detailed questions about what you ship and how you go about shipping it. In each case, cost savings suggestions are often simpler than expected. For example, a Philadelphia law practice was able to save $15,000 a year in shipping costs by determining when parcels were expected instead of sending every parcel overnight. Why didn’t the firm do this in the first place? In the legal profession, the “importance” of legal documents leads to the perception that they need to be delivered as quickly as possible, even when they don’t. Similar to seeing through advertising ploys, simply seeing through the trends in your business area can result in significant parcel savings.

Arriving at the best shipping plan for your business involves selecting the shipping options that meet your specific needs and then finding them at the best price. While some companies choose to consult with a rate advisor, other companies choose to implement logistics software and save money. In addition to being more cost effective than hiring a parcel rate adjuster, logistics software solutions arrive in a shorter period of time and are always free of human error. If you suspect that you’re paying too much for parcel shipping or you haven’t compared rates in awhile, why pay even more by hiring a parcel rate adjuster when logistics software solutions can offer you more dependable results in a shorter period of time and at a lower cost?