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A Retail ERP is comprehensive software that can be used by any trade business to manage all operations of business from POS or billing, ordering, inventory, purchase and supply chain management, accounting, CRM and loyalty, analytics, BI/reports, security etc. It is complete billing to balance sheet solution.
Today, businesses use or have multiple technology components to manage different operations of their business. A Retail ERP is an all-in-one software that helps manage all the business operations seamlessly from POS billing to balance sheet. Having all the components integrated gets real-time visibility in an omnichannel environment, accuracy to make timely decisions, improved operational efficiency with store operations, 100% control on inventory thus reducing stock-outs and increasing sales. ERP also helps quickly assess the changing consumer needs and makes it easier to integrate new channels.
With Cloud-based ERP software, the entire business data is stored in the cloud and businesses can monitor all the operations anywhere anytime and on any device. With Cloud ERP software the up-front costs are lesser. As the software development moves into CI-CD (continuous integration, continuous deployment) model, cloud-based platforms can help manage frequent updates better. That means, no downtime and faster roll-out of features that are required to stay ahead of the market. Cloud-based ERP software provides centralized deployment. This ensures that all data remains on the cloud and what users do with the data can be easily monitored and controlled without worrying about security.
One of the biggest benefits of using ERP for Retail is having accurate, real-time information of all operations like sales, purchases, and inventory to make faster business decisions. An ERP helps get 100% control on inventory thus reducing stock-outs, pilferage, wastage and more sales. With integrated accounting, businesses can track and manage all their payments in one place.
A Distribution ERP software is designed for stockists, super-stockists, wholesalers, dealers and distributors to manage down-stream supply chain effectively.
Distributors place bulk orders with manufacturers and sell them in smaller quantities to retailers or end consumers. With an ERP, distributors can track inventory across multiple warehouses, handle returns management, flexibility and control over price, protect margin on different offers/schemes and fulfil the orders with effective sales collection, route and rep-management.
With ERP distributors can manage multiple warehouses efficiently, reduce reverse logistics costs, rotate inventory fast, sell on the go, plan and monitor production so that orders planned can be fulfilled effectively.
Going forward businesses need a smart collaborative platform with integrations to different marketplaces, e-commerce, online and mobile ordering, loyally providers, business intelligence systems and other aggregators like digital wallets, suppliers, service providers, banks and such regulatory authorities. Gofrugal ERP paves the way for such connected retail solutions. Gofrugal ERP helps
1. Simplify business processes and giving freedom of choice to choose the device they want to operate: ERP Made Easy
2. Reduces cycle time and reduce data entry requirements across the value chain: Minimal Staff
3. Is Easy to learn and does not expect any educational qualifications from the users: Least skills
4. Increases the accuracy and timeliness of information leading to better decision making: 100% Accuracy & Reliable solutions ERP should be flexible to address changing business needs in an agile manner: Transformation is made simple and in small steps