For retailers, ERP software equates to strong point of sale (POS) software and inventory management functionality. Retailers expect their ERP solution or retail management system to 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 uniform. Robust ERP software will offer retail specific functionality that includes an e-commerce storefront, POS, category management, multi-level pricing structures, promotional management, 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