EDI tool between HO & outlets
All operations done at HO gets communicated to the outlets in a seamless manner. Absence of internet connectivity doesn't hinder store operations. Data is systematically synched to outlet when internet connection is regained.
Purchase & Sales statistics
This is a comparison between purchase & sales that tells you the proportion of sales compared to your purchase. If the purchase is more than sales, then the business can face financial risk as funds are blocked in inventory leading to lesser working capital.
Location Stock transfer & Inwards approval
Surplus stock in a particular outlet could be transfered to other locations that are running short of stock. Whenever the invoice amount doesn't tally with the actual PO, then the inward entry has to be made only after its approval from HO.
Centralised PO & Re-ordering
PO for the outlet could be raised from HO itself. Based on store location & sales statistics, the HO can update the minimum & maximum quantities for every product. An automatic re-order can be placed with the supplier whenever stock reaches its minimum level.
Consolidate Finance & Budgeting
Financial statements of all outlets can be got from a single server in the HO. The HO can prepare budgets for every outlet in terms of purchase, sales & overheads. Variance can be spotted and root cause of this variance can be rectified.
Every transaction, screen & menu can be configured on the basis of user and roles. User can be restricted to perform and access business information within their responsibility. Monitoring everyday's activity helps prevent malpractice from the grass roots.
Outlet-wise Ageing analysis
The shelf life of stock along with their batch can be viewed & quick decisions can be taken to return the goods nearing expiry to the supplier. In this way, the burden on inventory management can be reduced drastically.
Business Health Summary
This reflects the true health and progress of business. You can be compare over a time period to get a fairly better idea of direction towards which the performance is moving. Strategies can be created by just having a single glance of real-time figures.