By MANJUL AGRAWAL
1. Are you starting up a new business venture or shop and would you like to have a complete visibility right from the day one on sales, purchase, staff, banking, accounts & other??
2. Already in business, do you feel the expansion of your business has resulted in lesser control over day-to-day operations??
“Well answer is simple. Keeping Control over ones business operations with a Retail Management Software can result is guaranteed success and relief from mental stress.”
The following are the few of the benefits that a retail software confers:
- Start tracking day to day activities right from the time stocks reach your premises:
Moment after the racks and shelves are put in place and when goods reaches your premises or warehouse, it is important to get a visibility of stock from this moment itself. The items have to be entered and accounted to check the discrepancies between invoice quantity and the actual quantity. Based on that Control process must begin to track the deviations and take corrective actions.
- Define the metrics to track inventory and sales:
The metrics here essentially means defining a clear process to purchase and replenish the stocks. When the goods are well accounting at the time of purchase it can give a thorough visibility which can assist the owner to replenish the stock in tune with the inventory cycle time.
- Putting down malpractices:
The retail as such has a high labor turnover and the owner needs to constantly hire new people to work in his store. In many of the cases the persons who are hired may turn out to be ignoble where in they may engage in some malpractice which can lead to revenue loss. A system in place can facilitate in spotting the malpractice then and there and corrective measures can be taken instantly.
- Simplified business operations and improved operational efficiency:
Reduction in the manual work directly puts down the scope for data entry errors. With simple operations and clear visibility of business transactions the strategies can be formulated leading to increased operational efficiency.
These are few of the innumerable & notable benefits that a retail billing software system in place can give to the owner of the shop. So, decision about a having a Retail Business Management Software should be the prime decision and not an inconsequential decision.