ERP frameworks allude to the software package that integrates all information and the related procedures of any business or organization. Intended to encourage the ease of internal business process in an enterprise, ERP software have turned into a competitive tool for massive retail organizations. An ERP programming utilizes single database that enables differentdepartments of an enterprise to communicate with each other in an efficient way. It involves function specific features that are intended to associate with different modules, for example, Order Entry, Accounts Payable, Accounts Receivable, Purchasing, and so on. Retail ERP software offers cross-functional capabilities in an organization.
Retail Planning
ERP for retail enables retailers to undertake different planning activities, centering around the strategies to be utilized with a specific end goal to enable a increment in retail store turn-over.
Store Operations
It streamlines activities related to store administration work like market analysis, merchandising, inventory management, workforce management and much more.
Inventory Management
This module empowers retailers of all types and sizes to adequately deal with the stock levels and track products. Inventory Management is the way toward directing the consistent stream of units into and out of a current stock. Stock frequently represents the most astounding extent of the working capital as raw material, WIP and finished goods.
Supply Chain Management
It deals with end- to-end supply chain for retailers. Delivery of items or materials dealing with potentiallymonstrous measures of information scattered all through the world, ERP frameworks can help guarantee data remains interconnected and can be effectively accessed by all relevant stakeholders.
Demand Forecasting
Tracking past patterns and anticipating future demands is simpler and higher on precision with ERP for retail. Maintain consumer loyalty, boost sales and reduce inventory conveying costs with ERP for retail.
Vendor Management
It effectively captures vendor details, lead time, performance and other vendor details. Perform correlation among vendors and choose preferred vendor with ERP for retail.
Customer Management
Because of automated process for capturing customer information, preferences and activities customer management become easy. Get new customers, identify your best customers, keep them engaged and build your brand.
Finance Management
Retailers can deal with accounting effectively with ERP for retail as it gives a far reaching set of tools required to deal with all the financial aspects of your business, while keeping up high level of regulatory compliance.
Database Integration
ERP for retail helps in process management and gives access to real-time reports. ERP makes the required information accessible to give insights of financial health of a retail business. Additionally, this part of retail ERP frameworks is utilized for producing particular compliance reports.