Cost Effective Retail Management Software System

As the pressure to perform in the retail industry increases with rising rentals, more competition, higher customer expectations and evolving trends, retailers are finding it increasingly challenging to manage and grow their retail business.

With the convergence of the demand chain which starts from the customer through to the distribution channel and the supply chain which starts from the suppliers to the stores, having an integrated efficient system and business processes in place is an important determinant to retail business success.

With a significant technological advantage and a good retail management software solution that complements their retail strategy, retailers will be able to gain control of their business operations through a single point of view, optimize resources, increase process efficiencies and lower costs.

However, an inherent fear of complex and time-consuming implementations with high costs is often a deterrent to making the required IT investment. Retailers sometimes make-do with a mini billing or small inventory system which may be able to support the business in its startup but fail to support the business growth with relevant functions and reports as it scales up. There are others which invested the time and resources to implement an expensive system only to realise that the system is not addressing its retail business needs comprehensively. In such cases, many retailers have then refrained from looking at other options.

Investing in a robust and integrated retail management software system could benefit a retailer in many ways.

* Increased profit margins through better understanding of buying trends and stocking based on consumer preferences
* Increased sales as a result of better inventory control, reduced stock-outs, lost sales and happier customers
* Control of inventory will help to streamline your warehousing and store space
* Control on pilferages through intelligence gathered on pilferage-prone items and locations so that more checks and measures can be put in these problem areas
* Managing the merchandising mix so that it reduces the problem of over stocking or under stocking
* Minimum stock outs which leads to increase sales as customers are able to purchase what they want instantly
* Understanding the customer purchasing pattern to plan an optimum merchandise mix
* Tracking customer buying history allows you to discover who are your loyal customers and execute targeted promotions to maintain their loyalty.

Addressing the needs of the evolving retail industry, ETP International has developed the ETP V5 Retail Management Software which covers all the key functionality required for retail companies and is built to help retailers align their business processes with their strategies. Its integrated yet modular approach allows retailers to deploy ETP V5 comprehensively or modularly as per their requirements.

ETP V5 helps to streamline areas such as inventory and merchandise management, customer service and point-of-sale, loyalty and customer relationship management, cash management, marketing and promotion planning, merchandise and OTB planning, CRM and loyalty management, warehousing, inventory allocation and distribution, product life cycle management, procurement and MIS reports. With the components integrated into a single database with a single sign-on, management benefits from an integrated view of people, processes and goods moving at different speeds across different time zones and different languages in different countries at any time. Covering a wide spectrum of functionalities in a retail organisation, ETP V5 also adds value to corporate functions such as human resource and training, finance, marketing, and more.

Being an international software solution company in the World, ETP provides retail solutions to the retail industry leaders using its ETP V5 retail management software as a platform.

Effective Store and Retail Displays Can Help Increase Sales

Effective Store and Retail Displays Can Help Increase Sales

When someone travels into a comfort store, they want it to live up to its name and have all available in a place that is suitable for them. Purchaser does not want to walk up and down row after unorganized row searching for something unsophisticated. Using the right type of store displays can increase sales with return customers who panegyrize the ease with which they can shop.
One of the most vital comfort store displays is the refrigerated food case or effective retail displays. This type of product displays allows the owner to showcase whatever wear item they would like their customers to buying on an exclusive day. It can also help promote sales by holding ready-made bags and purses, allowing customers to get in, get their thing and get back to work.
The retail displays is one of the facilitated store displays that is not only advisable, but can add to the species of the store. They are attractive and include comfortable sign holders so that purchaser knows exactly what they are seeing. The broad opening allows them to keep any number of products with easy access for the purchaser.
A freestanding display pause is something that all shop needs in order to have the most versatility with their display cases. These racks can hold anything that produce, and make it easy for purchaser to simply hold whatever it is that they want. These comfort store displays are especially useful because they can be moved around the shop whenever the owner wishes to change the look.
The retail displays may look small, but they can have a strong impact on sales at any shop. This little shoe displays fit nicely next to any store displays and can hold small items such as kid’s shoes, bags and other accessories. This impulsion purchase may not be what the customer came in for, but they will feel that they need it as soon as they see that it is available for them.
When it comes to choosing facility store displays, it is vital to choose a variety of shapes and sizes that will accomplish a variety of purposes. A small shoe display on the counter could lead to more impulsion sales while a simple store displays could help sell far more products during the busy hour. Variety is truly the solution to putting together a great display in any simple store; The also prevents the variety of products and has provided a broad range of retailers with one of the greatest selections of the most popular merchandise display tools in the industry.