Top 3 reasons why you need a retail supply chain management software
Purchase the right products at the right prices for increased ROI
Predict the trends of your sales and manage the right availability of your stocks at the right times in your store and warehouse. Drive your purchases through automatic reorder based on your business and the trends. Automate allocation of stocks, replenishment to outlets and also transfer non moving stocks between your outlets, or even return it to suppliers reducing the lifetime of the products in your business.
Manage your wastage and return to lower pilferage
Take control of all your outlets and make smart decisions to avoid excessive allocation of stocks to reduce waste and control pilferage. Also, monitor the returns and refunds of products due to damage or unsatisfactory product and improve quality. Perform stock audits of your inventory to reduce unnecessary investments and identify discrepancies Enable constant tracking of wastage to prevent pilferage in your business.
Run your business healthier with satisfied relationships
Bring in clear inventory visibility and a healthy cash flow to defining optimum stock levels at each of your stores. Allocate stocks based on it transfer stocks between two outlets if there is a need, to run sales with minimum investment. Identify successful suppliers and evaluate suppliers to purchase products for a greater margin with the power of negotiation.
Predict the trends of your sales and manage the right availability of your stocks at the right times in your store and warehouse. Drive your purchases through automatic reorder based on your business and the trends. Automate allocation of stocks, replenishment to outlets and also transfer non moving stocks between your outlets, or even return it to suppliers reducing the lifetime of the products in your business.
Take control of all your outlets and make smart decisions to avoid excessive allocation of stocks to reduce waste and control pilferage. Also, monitor the returns and refunds of products due to damage or unsatisfactory product and improve quality. Perform stock audits of your inventory to reduce unnecessary investments and identify discrepancies Enable constant tracking of wastage to prevent pilferage in your business.
Bring in clear inventory visibility and a healthy cash flow to defining optimum stock levels at each of your stores. Allocate stocks based on it transfer stocks between two outlets if there is a need, to run sales with minimum investment. Identify successful suppliers and evaluate suppliers to purchase products for a greater margin with the power of negotiation.
Businesses that enhanced visibility across the chain for profitable ROI with Gofrugal supply chain software
Why Gofrugal is the best supply chain management software?
Get the Gofrugal supply chain management software
to your business for
Helping you with the right investments for higher ROI
Data-driven reordering and replenishment powered by AI and ML
Minimum inventory and maximum sales
Propel the right cash flow for increased profits
Alarming numbers for you to not rely on manpower for your supply chain management
Businesses admit that supply chain issues have created a negative impact on their revenue
Customers would make their purchase in another store if their intended product is not available
Have challenges in finding the right talent for supply chain management and insights
Findings come from the 'Supply chain impact' study commissioned by Capegemini and conducted in October 2013 by KRC research
In just a month I brought down the stock-out conditions in our stores. The capability to identify articles purchase/repack has immensely helped my buyers to save a lot of time and work on what really matters - quality. Working with AI truly yields the right benefits and more importantly remains with us
Raja Shop Inn
Mr. Murugan, Owner
Key features of retail supply chain management system
Audit non moving items
Procurement management
Purchase management
Investment protection
Automated reordering
100% inventory control
Fool proof system
Complete pricing management
Multi warehouse support
Fraud protection
Complete Reports
Audit non moving items
Purchase management
Purchase management
Investment protection
Automated reordering
100% inventory control
Fool proof system
Complete pricing management
Multi warehouse support
Fraud protection
Complete Reports
Know what is performing to increase your Return on investment
Identify non-moving stock across the chain, transfer them to where they are selling and return them. Also, identify and return non-moving stock at purchase value to avoid any loss on non-moving stock returns. Such effective stock transfers coupled with purchase returns increase the ROI.
Digitalize and automate your procurement processes
Achieve better margin tracking for increased profitability and optimal cash flow. Enhance inventory management to minimize stockouts and boost customer satisfaction. Attain comprehensive visibility to decrease manual errors and improve operational efficiency.
Let your SCM software make purchase orders
Have a consolidated view of the inventory in all your outlets from anywhere. Collect the purchase orders of all the outlets to send it as one single purchase order from your head office to the supplier and get them delivered to your warehouse. Also, consolidate the units and SKUs from different outlets to make it cost-effective, increase your purchasing power and induce visibility.
Reduce your storage costs based on the demand
Understand the demand for products with the SCM software and let your outlet managers make a direct purchase of regular, fast-moving, and perishable products and get them delivered from suppliers directly in their outlets to reduce your storage, allocation, and transportation cost. Have the independence to manage different types of stock allocations based on your business. Eliminate the need for excess hold of stocks in your outlets by allocating the desired stock to your outlets from the warehouse.
Automate your reorder not to go out of stock
Have the secret technique in your SCM software to maintain the right inventory in all your outlets and never lose out on a sale by automating your orders to your suppliers based on the minimum quantity you wish to have of product in the store, previous sales of the product and previous purchase quantity of the product. Also, map the categories of the products to the suppliers from whom the purchase has to be made to get products for the best price and quality.
Attract customers with stocked up racks
Understand the space you have in your stores vs the need for the products with the SCM software. Keep your racks packed with the stock of your products and let your customers see them as a sea of products and replace products immediately with auto-replenishment features in the SCM software when the product is sold. Also, don't leave a product dead in another store when the same product is in demand in another store by transferring stock from one store to another store.
Lower the pilferage in your stores
Continuous stock audit based on inventory classification of items instead of periodic full stock verification helps you identify a mismatch between physical stock and system stock early to monitor the wastage of outlets. Also, enabling approvals for wastage and multiple operations performed at outlets helps reduce pilferage.
Add value to your brand and beat competition with centralized pricing management
Gain control of the pricing of products in all outlets from the head office and change pricing based on the price change in the market. Manage the same price of products in all your stores to earn your brand value or also manage different pricing of products at different outlets based on the cost incurred to transport them. Also, earn more with good prices at outlets where there is no competition or there is low competition or improve sales at places having more competition with competitive pricing.
Manage multiple warehouses in any location
Reduce your transportation costs and costs spent on a large warehouse at high places instead manage multiple warehouses based on the needs of your business. Stock large commodities like rice and pulses and outskirts that consume more space and transport them based on the need. Also, map the categories of products stocked up in the warehouses to ensure smooth procurement, allocations, and dispatch to transfer stocks to your outlets.
Prevent fraud by your employees and transporters
Real-time / Periodic upload of point of sale data to the HQ prevents any tampering with data at the point of sale. Validation of each allocations, STO, and STI builds better awareness among outlet staff and prevents fraud. Also manage separate master for transporters in the SCM software itself to prevent fraud
Monitor all the operations made in a single report
Audit trail helps HQ supply chain management know the activities done at the point of sale and identify the poor practices such as stock upgradation, temporary stock addition etc. Corrective action for such poor practices can be taken by training the personnel at the point of sale. Get powerful reports on all your outlets on your inventory, purchase, and stock transfers to make decisions and improve your operations effectively.
Mobility solutions of retail supply chain software that transforms your business digitally and makes your business easy
Watch the digital transformation
WhatsNow
Carry your business anywhere in your pocket and get consolidated insights about your daily sales, purchases and the margin earned of all your stores individually to improve performance accordingly. Get the power to negotiate with your suppliers based on previous purchases, product-wise margin, return, and damage. Take control of your business with real-time alerts on zero stock and daily business summary of individual.
The EYE
Minimize your inventory and maximize your sales through automatic reordering from reports driven from the data of your past business. Run 5 outlets at the cost of 4 outlets by letting EYE take care of the replenishment's in auto-pilot mode of your outlets. Never run out of stock for even a single product with machine driven reordering and replenishment. Avoid dumping of products that are non moving and identify your dead stock to clear them and make that investment in fast moving products to give you good profits.
GoSure
One complete solution for all your inventory related operations. GoSure lets you stay 100% confident of your inventory with daily stock take during business hours (StockTake), approve and finish purchase inwards immediately from any place (GRN), act on the indents you receive from outlets and make stock picking easy at your warehouse(StockPick) and helps you knock out your stocks with instant stock refills (StockRefill).