Retail Inventory Software: Also a Marketing Tool

2007-03-08 10:33:40

( Computers )



INVENTORY CONTROL

Retail inventory software is one type of program that is tailor-made to meet the varied and complex needs of the distribution industry. Other types of similar application are wholesale distribution software, small business retail software, and retail accounting software, to mention just a few.

The main function of retail inventory software is to allow distribution businesses to have complete control over their stocks. When you have retail inventory software, you always know how much of every item you still have, allowing you to restock and reorder based upon how much you have and how fast that particular item is moving.

Inventory and stock monitoring is of utmost importance because in a distribution business, being able to buy the right amount of stocks and the right time can spell the difference between success and failure in the business.

DISTRIBUTION SOLUTIONS

Retail inventory software as a component of distribution management solutions can be integrated with other programs such as point of sales applications, client and supplier database, purchase order programs, and order fulfillment and tracking applications.

When these programs are well-integrated, you have a well-oiled, automated, retail distribution business. In so far as retail inventory software is concerned, you will be informed what items are running low on stocks, what items are fast-moving, and what items are hardly being bought by your clients. You can also cross reference this information with seasonal sales so you can come up with a general picture of what items are moving at specific times of the year.

Retail inventory software does not only track and monitor your stocks; it also provides you with an effective marketing analysis tool that allows you to make sales projections. Being able to analyze your client’s preferences based on the data from your retail inventory software, you can increase sales by giving what your client’s want or making your clients want what you have.


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