Challenges for Retail
SAP Business One is a breakthrough in business management software built from the ground up for small and mid sized businesses. SAP Business One is a single piece of software that puts business users in charge – so you gain increased control and achieve greater insight into your business. Automate and integrate all the critical functions of your organization including Manufacturing, Inventory, Finance and accounting, Management, purchasing, Banking and Customer Relationship Management. Solution components for the seamless integration to Quality Assurance / Quality Checking, Research & Development, Master Production Scheduling and compliance reporting functionalities are available.
For many retailers, cash flow is uneven because of seasonal demand. Due to increased demand during the winter holidays, many retailers, including toy, jewellery, and consumer electronics stores, generate a disproportionate share of revenue during the fourth quarter. Back-to-school and spring and fall fashion introductions drive sales peaks for apparel retailers.
SAP’s Cash flow module gives an accurate picture of the cash flow keeping in mind transactions in the systems, seasonal trends, historic data and provisions.
Growing concern over identity theft and credit card fraud has resulted in increased scrutiny over the security of customer data in the retail sector. Retailers access and often store confidential customer information through loyalty programs and credit card payment data.
IMTS cloud ensures high level security for protection of Customer information from Fraud. All the information is stored on cloud with top of line security systems and disaster management solutions.
Consumer tastes and preferences can change rapidly and greatly affect demand for retail items. Fashion fads and product life cycles can be unpredictable and companies may struggle to make merchandising decisions based on future trends.
SAP’s MRP module helps in understanding demand and give recommendations for supplies.
A Robust point of Sale solution comprises of a Fast, User friendly and Simple to use interphase which can be used on multiple devices. Also it should have a reward point system, schemes and discounts. management and various fast track payments directly integrated with the billing and accounting module for a express check out and a fabulous experience for the customer. All this is provided by IMTS’s Retail Add on powered by SAP.