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Retail Software Applications
Point of sale
We have developed a comprehensive guide to point of sale software systems. These systems include functionality for both checkout at the point of sale, as well as inventory management and back-office administration. High-volume retail operations may be interested in reviewing our touch screen POS software guide. We have also developed a number of specialty retailer guides for jewelry store software, fashion and apparel retail software, wireless and cellular POS software and grocery store POS software.
Inventory management
Some companies may need a stand-alone inventory management software system, without point of sale functionality. We have profiled a range of these systems in our inventory management software systems guide. When assessing a new inventory management system, it is critical to determine which features are critical to your retail segment; for example, a clothing store will need an inventory matrix for sizes and colors, while a grocery will need to track perishable inventory with sell by dates.
Retail accounting
Many of the retailers with whom we work use a stand-alone accounting package like QuickBooks or Microsoft Dynamics. However, other retailers realize the benefits of an integrated suite of POS, inventory and core accounting applications. You will find a comprehensive profile of these systems in our retail accounting software buyers guide.
e-Commerce
More and more retailers are selling across channels; that is, on the web in addition to their "brick and mortar" stores. The inevitable challenge these retailers face is managing accurate inventory as purchasing occurs both in the stores and on the web. In our integrate e-commerce software buyers guide, we profile POS systems that include an integrated e-commerce component.
Warehouse management
Retailers managing stores with one or more warehouses will often need a warehouse management system (WMS) to track the movement of inventory. These systems will help automate the ordering, tracking, and distribution of inventory from the warehouse level to the store level. Most systems will support barcodes and/or RFID and work in conjunction with point of sale and inventory control systems.
Merchandising
Merchandise planning software helps retailers optimize their purchasing processes. Too many retailers rely on personal experience to decide what to buy and when, often resulting in not having enough inventory, not ordering at the right time, or paying too much. Retail merchandising/purchasing systems (sometimes referred to as "open to buy") take into account historical sales figures, seasonal sales trends, and past purchases from suppliers to help retailers buy the optimal
Recent Articles
Optimize 2009 Purchasing with Open-to-Buy (OTB) Software
The holidays are over and you're left with a surplus of outdated inventory. To preserve customer interest, you need to buy new merchandise and move out old stock. But with a high volume of '08 merchandise, you don't have enough open-to-buy dollars to purchase new products. As a result, you are force...
5 Things to Look for in POS Software for Jewelers
Computerized technology is priceless when it comes to the analysis of inventory turnover and gross margin return-on-investment (GMROI) for jewelers. Today's point-of-sale (POS) software systems offer many tools that can help you track inventory, customer history, employee commissions and overall bus...
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As software selection advisors, my team has talked to thousands of retailers considering a major new software purchase. The vast majority are replacing an existing system - one they've used for years. Why? Why replace what's familiar? Why pay up for something entirely new when an upgrade is - on ...
Retail CRM for a Down Economy
Retaining customers and increasing "share of wallet" are critical in the current tough economy. Consumers spend less, competition is fierce and even well known chains are going out of business. To remain competitive - and solvent - retailers need to develop more profitable relationships with their c...