The pandemic has affected all the sectors across the globe in a drastic way, especially the fashion retail business in developing countries like India. In addition to the pandemic, falling GDP growth, increasing inflation, and unexpected financial losses have made the Indian fashion product consumers even more cautious about where to spend their money.
Inventory mismanagement may lead to overstocking of items in the warehouses or out-of-stock issues. Both cases will lead to losses, but the latter situation will lead to customer loss and a decrease in reputation level. That’s why as a distributor, you need to give extra attention to inventory management. The advanced distribution software by Logic ERP
Managing a grocery store business is very difficult as the groceries are perishable, which leads to many ups & downs in this business. And since the COVID-19 outbreak started, consumers prefer to buy and pay online for their grocery shopping. The global pandemic restructured the entire model of the grocery business. The majority of customers say that
The ERP software technology came a long way since its invention in 1960. At that time, big firms use it as inventory management and quality control system. But now, no matter what task it is, small-medium and large enterprises use ERP software to handle their complete business operations. An ERP system is necessary for building a cognitive business that
The COVID-19 pandemic was like a wake-up alarm for business owners all over the world, which forced them to rethink their current business models. Especially in the retail sector, everyone started looking for sustainable retail practices to acquire current and potential customers. You have to understand that today’s consumer is well aware of the
When the COVID-19 pandemic hit the whole world, one of the industries that faced severe impact was the restaurant business. Since then, the restaurant industry went through various changes to counter such situations (if struck again in the future). The consumer’s needs also evolved, and business owners have to change their traditional practices to meet
In a world where technological innovations are the driving force behind every business progress, no one wants to lag in the competitive market. Whether it’s a local, national, or international market, everyone wants to earn profit and invest in assets that offer a better return on investment. An ERP software is also one of those assets that assure better
No matter what type of business you run, whether it’s a retail, distribution, or manufacturing business, inventory is one of the integral parts that hold up the whole model. You have to maintain an accurate ratio between demand and supply by analyzing your inventory items periodically. To ensure visibility across the inventory process, you need a reliable
For every retail business, inventory is like a heart that holds all the processes together. If there’s mismanagement of stocks, your business performance will get affected. But if you handle the inventory efficiently, the cash flow will be steady and the customer satisfaction level will be higher. This is why, when running a retail business, it's said
The majority of grocery and food consumption in India depends upon approximately 15 million Kirana or small retail stores. Although the system was working fine, ever since the COVID-19 outbreak started, the store operators faced various challenges. These include: Scheduling online ordering & delivery of items, Frequent stock-outs, Dealing
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