Retail ERP offers retail centric components that are customized to meet the specific requirements of a retail organization in an effective and efficient technique.
Retail ERP offers support for the store systems that form the pivot of a retail business. The critical functions include keeping track of the inventory, ordering and replenishment, loss prevention and task management. This makes retail ERP system suited to the specific needs of a retail organization.
Retail ERP system will be of helpful in Product Management, Order Management, Inventory Management also in Planning, Market Analysis, Price Management, Customer Support, Supply chain management, Point of Sales & E-Commerce.
ERP system in Retail industry provides support for advanced functionalities that is helpful in the decision making process such as formulating pricing strategies, merchandise planning, inventory optimization and store execution. The advanced functionalities help the users formulate business strategies to introduce efficiencies in the critical business processes.