Lower operating cost & increase ROI by optimal utilization of man power, store space, inventory, etc. Identify non-moving stocks across multiple stores, transfer them to where they are selling or return them. Taking such timely actions results in increased ROI.
This ensures optimum stock maintenance at warehouse & retail stores; indent request by stores are satisfied and Stock Transfer Advice(STA) from HO is initiated in a timely manner.
Lower Inventory Investment
Consolidated view of inventory including the need at each point of sale facilitates optimum & lean inventory. It also ensures that stock can be transferred to the point of sale at short notice. This lowers investment, creates space for new stock & increases returns.
Keep your customers informed on Seasonal Offers, Discount Sale, New Arrivals through SMS & email. Improve CRM using features like Customer Loyalty and Promotional Offers & Schemes management. Also send greeting messages, timely reminder on purchases, etc.
Effective Vendor Management
As you pool your requirements, the volume of purchase goes up. Combining this with the analysis of your sales, purchase and inventory data, facilitates you source products from the cheapest and best vendor at the right time.
Prevent Fraudulent Activities
Define centralized user/role based authorization. Real-time / Periodic upload of POS data to the HQ prevents any tampering with data at the point of sale. This ensures awareness among point of sale staff and prevents fraud.
Centralized Financial Control
You have complete financial control on your business when the entire receipts/collections is deposited with supply chain HQ where all payments are made from HO. You can also see data both outlet wise & consolidated view of Day Book, P & L, Balance Sheet, Cash Flow, etc.
Continuous stock audit based on ABC classification of items instead of periodic full stock verification helps you identify mismatch between physical stock & system stock in time. Such continuous stock audit helps to lower pilferage.
Multiple Business model
Supports businesses with multiple location presence under different formats - Company Owned and Company Operated[COCO], Company Owned Franchise Operated[COFO], Franchise Owned Company Operated[FOCO] and Franchise Owned Franchise Operated[FOFO]. It can be either exclusive or multiple brand stores.
Centralized Master Data Management(MDM) helps in providing a standardized, complete & accurate master data across all outlets. This in turn helps in analyzing business more efficiently & providing high quality reports.