For retailers, ERP software requires strong point of sale (POS) software and inventory management functionality. Retailers need their ERP solution or retail management system to include a fully integrated POS system or point of sale module that provides flexible, easy-to-use functionality.
From a single store franchise to a large retail chain with hundreds of storefronts, the need for industry specific, functionality rich, retail software is the same. Robust ERP software will offer retail specific functionality that includes POS, e-commerce storefront, category management, promotional management, multi-level pricing structures and flexible payment options that accommodate credit cards, gift cards and layaway options.
Retail Software Functionality
- POS software or point of sale system
- Category management
- Multi-level pricing structures
- Promotional management
- Flexible payment options that includes credit cards, gift cards and layaway
- Strong inventory control
- Demand and seasonal forecasting
- Import management
Retailers rely on their ERP system’s POS software or point of sale module to deliver an easy to use interface that can be quickly deployed to a single store location or hundreds of stores and retail outlets. Large or small, a POS software solution needs to be tightly integrated with the inventory management software and produce timely information for individuals across the enterprise.
Robust POS software will offer tools to easily configure the solution to meet the retailer’s sales requirements. Common POS software functionality includes category management, multi-level pricing structures, promotional management, and flexible payment options that accommodate credit cards, gift cards and layaway options.
Panorama’s team has experience with smaller single store outlets to large national retailers. Panorama’s team can help document an organization’s planning requirements and utilize this list of functional needs to help select the best ERP software package. Panorama’s ERP consultants provide a complete service offering that can assist your organization throughout the process of ERP selection, ERP implementation and organizational change management.
Our consultants are aware of the potential pitfalls of ERP selection projects and can help hedge against project cost overruns, software that is misaligned with business needs, and lack of return on investment. The ERP team has industry-specific expertise that helps achieve measurable business improvements.
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