The right Apparel Retail Management Software helps businesses streamline point-of-sale processes, manage prices, merchandising, and multi-store inventory. A full-featured system handles almost every part of the retail business that includes customer interaction. This is called point of sale. Point-of-Sale is at the heart of making the customers’ shopping experience a better one, thereby increasing sales. Most retail management software comprises a robust system that automates customer transactions as well as secures data such as customer contact information, buying history, and interests.
Apparel Retail Management Software, Part II
In today’s multi-channel, real-time world, retail POS cannot be isolated from other mission-critical systems. These systems must interact with other stores and other sales channels. Apparel Retail Management Software is not designed to simply affect a single process, however. Rather, it is a software component of a management strategy controlling processes throughout the entire retail operation, from customer-facing point-of-sale to the back end. An Apparel Retail Management Software system that seamlessly integrates all business processes from the POS at the store to the planners at the Head Office lowering the overall cost of operations, which leads to simplifying expansion and enabling the Apparel Retailer to maintain his unique proposition and positioning.
There are, of course, many excellent Apparel Retail Management Software systems available for purchase. One of the better ones is put out by Foxfire Software. According to Foxfire’s marketing team, businesses that would like to lower costs and increase profits should consider their management software because it is capable of automating business processes, order processing, apparel inventory control, and product planning; it can also enable tracking, monitoring and reporting, and provide integration with company order fulfillment systems. All in all, the software offers a selection of feature rich functions that empowers companies to manage and grow more effectively. Typical features of Foxfire’s Apparel Retail Management Software solutions include production, forecasting and inventory, warehousing, order processing, supply chain management, allocation and sales, shipping, reporting, and system administration.
Foxfire Software's Apparel Retail Software has been especially designed to help apparel manufacturers, importers, and distributors remain competitive while they meet the demands of quick response, just-in-time, and tight margins. Foxfire’s Apparel Retail Management Software is a complete order and production processing system for apparel manufacturers, wholesalers, importers, and distributors of all sizes from the smallest to the largest. It can be used as a major management tool in the manufacturing of apparel, accessories, footwear, and home furnishings.
Apparel Retail Management Software is viewed as an extremely complex Management Software System. Retail in general, and specifically the Apparel Industry, necessarily contains a tremendous number of variables. As a result, Apparel Retail Management Software is designed to be multi-functional. With the right Software in place, it is possible for a retail company to provide better quality merchandise and save enough on costs to pass the savings on to customers.
Apparel Retail Management Software
Retailers in Apparel Retail face a grueling challenge to keep pace with the global competition, which seems to grow daily. Businesses today are under unprecedented stress to work under lower margins and leaner overheads. At the same time, they are required to offer a larger variety of goods of improved quality as well as to offer better customer service.
All apparel retailing industry sectors are heavily dependent on consumer spending. In 2008, the global apparel retail industry grew by three percent and reached a value of a little over a billion dollars. In two years (2013) the industry is forecast to reach a value estimated to represent a fifteen percent increase over the 2008 numbers. As a result of this struggle to earn a piece of the apparel retail market, retailers are confronting strong pressure to find ways to increase revenues. The pressure is also there to stand out from the crowded market with focused customer service, better in store shopping experiences, and –of course – lower prices. In addition, there is no doubt retailers are dealing with an increasingly complex sales environment on a daily basis—from storefronts to catalogs to e-Commerce, the myriad retail channels can be tough to manage. So, what is the answer? What is the best way to properly diffuse some of this pressure and beat out competitors?
Experts believe the answer is held in Apparel Retail Management Software. A retail environment is enormously complex, and an apparel retail management software system helps to impose order on that chaos. This powerful software system can provide centralized control—even in multi-store environments. Good Apparel Retail Management Software incorporates a robust list of proven functionalities to handle the requirements of the most complex operations. Among the many tasks managed are the ability to: predict demand, calculate material requirements; track inventory, including fabric from different lots and different widths; track production; calculate piece work payments for workers; compare planned and actual costs; and, source the right products on time, at the right price.
The attractions of warehouse management systems are manifold for any wholesale distributor looking to both reduce inventory and speed product fulfillment by tightly synchronizing supply and demand. In fact, technology may be the last, best hope to establish enduring competitive advantage in today’s increasingly complex marketplaces. You may be satisfied with your current ERP system, and may even have already expanded it to include vital applications such as customer relationship management (CRM). But, to get to the next level, you sense that adding a best-of-breed warehouse management package will do the trick.
BOB Warehouse Management System Pros and Cons (Part 1)
The alternative approach is to replace your entire ERP system with a new, advanced system that fully integrates warehouse management, CRM and other “must have” applications and functionality in one seamless, silo-free environment.
The strongest argument standalone warehouse management software vendors make is that since their focus is strictly on the warehouse, their packages include more comprehensive functionality, more finely tuned to the nuances of the distribution business. This was undoubtedly the case when warehouse management systems first emerged from companies highly focused on the distribution industry. But it may no longer be true. Before you choose to go one way or another, talk to several vendors from both camps and challenge the ERP vendors to match the standalone warehouse management feature list, point by point. You might be surprised to find that the very best ERP vendors match up very well with their standalone rivals. You might add to that the argument that not 100% of the functionality of a standalone warehouse management package might be available, depending on the success of integrating it into your existing IT environment.
That takes us to one of the strongest arguments against tacking a warehouse management system onto a legacy ERP backbone. Call it the War of the Worlds, as two massive software solutions struggle to co exist. In wholesale distribution, the warehouse is anything but tangential; it is the heart of the enterprise. Core competencies in wholesale distribution revolve around procurement, inventory management, pricing and fulfillment. Add a warehouse management system to a legacy ERP system and it quickly becomes the tail that wags the dog. Extensive redundancy in the two systems can create turf wars when trying to integrate the two. If the same function exists in both systems data can easily get out of sync. Deciding which system to use for which procedure may not be apparent until the standalone system goes live, causing a costly and disruptive reengineering of the integration process. A new, fully integrated ERP system eliminates such redundancies and is a far more streamlined, efficient solution, with no painful compromises required.
Sharp Retail ERP Software
If you’re a retailer, you’ve probably got your hands full of merchandise and paperwork. You’re dealing with distribution, inventory, and just-in-time delivery. But if you are working with Enterprise Resource Planning and retail ERP software, then you’re working smart. You have applications modules set up to handle any number of business processing tasks. These might include accounting, sales and marketing, purchasing, distribution, customer relationship marketing … This software defines best business practices and provides solutions through an integrated set of applications and tools that are automated to supply seamless connections to departments and resources both within and without the business.
Retailers working from multiple locations as well as online with e-commerce need a set of tools to ensure accuracy throughout the organization. With ERP it can all be done utilizing just one piece of integrated software. It will connect human resources to finance and accounting; supply chain management to the warehouse; distribution to partners and suppliers; planning and scheduling to the enterprise as a whole. All of the information and data needed is stored within a repository or storehouse from which employees and management can draw from.
This is especially good news for the retail industry, because retailers seem to be juggling so many things at the same time. Sales figures, product lots, damaged merchandise; these things can all be accounted for with retail ERP software. All of your suppliers can be accessed from here too. You can only imagine how much time and stress this software relieves you of. All business processing is expedited and departmental tasks are visible for all designated staff. If a store location or section needs merchandise, you’ll know of it firsthand. If you are awaiting a shipment of goods to be distributed, you can track its arrival in real time.
If you’re in retail, you need this software to be more productive. The economies of scale will make you wonder how you got by without it. The business intelligence it provides will help you to make more informed decisions because included within this package is analytics, reporting capabilities, statistics and clear visibility of where the enterprise stands in terms of sales, inventory, marketing promotions, customer relations, etc.
Enterprise resource planning can make a big difference in the way you conduct business. This software can accommodate all of the touch points a retailer has to cross; it redefines efficient and effective management, and it gives employees something to smile about. Take some time to checkout retail ERP software.