For retailers, ERP software should, first and foremost, include point of sale (POS) functionality. More specifically, the ERP solution or retail management system should include a fully integrated POS system or point of sale module that delivers flexible, easy-to-use functionality.
Whether the retailer is a single store franchise or a large retail chain with hundreds of storefronts, the need for industry-specific, functionality-rich retail software is the same.
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