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
For running a retail business, there are various aspects that one needs to vary - market trends, keeping inventory up-to-date, customer retention & engagement, employee or staff management, accounts & finance, etc... There are a variety of challenges that retail business owners have to battle to keep the business going. On top of it, the intense
One thing that everyone might have learned from this pandemic crisis, it’s the importance of digitalization to keep the business working and stay competitive. If we look at the situation before the pandemic, most of the businesses were working on on-premises ERP models, which were good when working at the location itself. But now, things have changed
One thing that COVID-19 taught to retailers is that the use of modern ERP solutions that offer omnichannel, cloud-native, multi-billing, and microservices is inevitable if they want to address rapid change in shopper’s demand in the future. We can’t deny the fact that it was necessary to impose a nationwide lockdown to protect people from getting
In the fashion & apparel industry, one of the things that a consumer desires are to have a close connection with his/her favorite brands and the party behind them. But now, during the pandemic and after it’s all over, they want to make less physical contact as much as possible. The restrictions placed during the lockdown period had a great impact on
Retailers are facing a lot of challenges during these pandemic times. Consumers are showing interest in touchless shopping options, while retailers are also reconstructing store operations to offer an efficient and safe shopping experience, especially when it’s about supermarkets or grocery stores. The idea is to: Provide a measure that could minimize
It’s not easy to run a multi-store retail business but with the right process, people, and tools, you can make the task of managing several stores quite easy. In this blog, we’ll talk about the few steps you can take to ensure the smooth working of all your stores under your watch. Following are some of the tips to help you manage multiple retail
With the rapid advancement in ERP software technology, one question often comes in our mind - “which method is best to access the ERP, On-premise or Cloud?” Following are some of the key areas you should consider when deciding between cloud ERP and on-premise ERP software: Integration and Customization For on-premise software, these two features
Before you think about the benefits that Cloud ERP will give you, you should know how it differs from other ERP systems? First of all, cloud ERP is a service that does not require your company’s IT staff to manage. After its deployment, the company’s ERP software, its data, and information, everything is managed by the software vendor via the internet
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