This article was published on: 28/02/20 9:26 AM
The Future of Retail business is on the internet!
The next generation workforce or the ‘millennials’ are completely dependent on technology and devices. In order to be future ready Expand ERP is all set to take you through the newest trends in business automation softwares exclusively developed for the retail industry.
One of our patrons, Mr. Ayush Baid, Founder, Ellementry, a retail lifestyle store in New Delhi, GK I, is a young entrepreneur who wanted to expand his business to 18 stores across the country. He was perplexed as to how he could streamline his POS, Inventory, Warehouse, Omni Channel Functionalities etc. so that he could focus more on his goals than the daily. Team Expand was successful to help him counter his challenges from day one and implemented ERP for a hassle free integration of business operational challenges. Now he can analyse his business with a unified view and take instant decisions and save time and money. Mr. Ayush is our happy client and we share a one on one relation with his organisation.
Retail ERP – A must have in today’s fast-moving eCommerce marketplace.
A retail ERP is a typical ERP system that is uniquely designed and developed for retailers. It has specific in-built features like Point of Sale system that is only required in a retail business. A traditional ERP will need to connect to a third party POS system in order to achieve this desired functionality. Whereas, with a Retail ERP, a POS module is usually included as standard negating the risk of siloed systems or even worse siloed data.
Top 10 essential Retail ERP features:
- Retail workflow automation
- Multi-location and real-time Inventory Management
- Free stock position at various locations
- Auto take schemes or offers on products
- Marketplace wise Inventory position
- Inventory ageing with value
- Warehouse Management
- Smart billing logic
- Smart picking automation
- Minimising inventory losses like theft
- Controlling stock position
- Omni – Channel Functionalities
- Order fulfillment from multiple locations
- Managing returns with credit notes
- Online/Offline Hybrid POS
- Flexible Order fulfillment
- Integrated Accounting
- Demand Planning and Inventory Forecasting
- Integrated Retail CRM
- Hybrid Retail and Wholesale Functionality
- Channel wise sales
- Performance of products
- Returns Management
“Whatever you’re thinking, think bigger.”
Tony Hsieh, CEO of Zappos
On defying the status quo, one should not be afraid to be disruptive and shake up the industry. Every idea or concept already exists, it is about how to create a differentiator and attract customers by finding your niche. All you need to do is think bigger. As CEO of Zappos, the footwear and clothing e-tailer that was launched in 1999, Hseih is a leading name in the retail and e-commerce industry in the US. Zappos is considered an e-commerce giant and a beacon of customer service.
Counter challenges of your retail business:
Retail owners face a lot of challenges on a daily basis, like overstock or out of stock situations, schemes and offers execution, stock clearance and to figure out nonmoving items to name a few.
Your ERP gives you ready real-time data for any time anywhere analysis and decision making scenario.
The complexities of the various taxation formalities can also be managed with ease with your ERP.
Moving with times – Crux of our mission
Expand ERP is continuously growing along with the changing time.
Our newest addition includes marketplace feature integrations. We have partnered with applications like Amazon, Shopify, Blue Dart, Flipkart and Magento to ease out your retail experience furthermore.
The benefits of such integrations includes:-
- Pulling orders directly from marketplaces and fulfill from ERP.
- Priority fulfillment for online orders
- Auto update of inventory from ERP to marketplaces based on smart allocation logic.
- Can check inventory position on all marketplaces from a single point in ERP.
- Ready integration with shipping partners like Blue Dart for auto pick up request and live shipment tracking.
- Auto update packing lists for online orders based on product dimensions and CBM computations.
Why Choose Expand ERP?
Expand ERP is a robust cloud based business process automation software specially designed for the mid-size manufacturers in Retail business. The unique feature is that is it completely customisable to match the specific needs of your business.
“If it doesn’t fit,
Don’t force it.”
Similar to our daily lives, this bears truth for business automation software also. ERP can be successfully implemented only if it matches the unique requirement of your business. What matters is what fits your business and not how great the ERP is. It is sure to fail if it doesn’t fit your needs.
With over 15 years of extensive R&D and market survey we have developed an ERP that is the perfect fit for your business. We only cater to the fast growing mid-sized retailers and exporters. It is a comprehensible, customisable and scalable business automation software which ensures 100 % security of data. So you will never face a situation where your business will outgrow the software, our software grows along with your business.
For a seamless integration of ERP software with your retail business, trust Expand ERP completely.