Software for automating retail companies - a powerful management tool

The competition in the retail industry is getting tougher – in this context, store management needs to be modernized with smart work tools such as software solutions. The main advantage of these programs is the ability to comprehensively manage all retail operations. At headquarters, the software gives the manager the ability to control and organize stores.

A retail management system can help a store manager:

• To control and analyze sales
• Identify peak sales and weaker periods
• To monitor sales performance across different products
• To launch advertising campaigns
• Launching new orders with suppliers
• Thus, the head of the enterprise can make decisions based on sales of products, and not under the pressure of suppliers, which avoids the accumulation of non-performing stocks. Considering that in a traditional store there are at least 200 products on the shelf - different brands and weights, it is almost impossible for a manager to remember all the details of each unit in management: expiration date, average monthly turnover, daily turnover, approximate period. assortment updates, delivery time from the moment the order is launched, etc. These operations require special software. In addition, this IT solution can give out-of-stock alerts in storefronts and can provide information by confirming the records provided by cashiers with records in the warehouse, and issuance of goods.

Software solutions for management and control provide:

• Sales records by brand and weight
• Notifications about the expiration of certain products
• Alerts for short-term depletion of some goods (for example flat water, the sale of which increases sharply on a hot day)
• Setting the minimum and maximum amount of stock required with alerts to always have optimal stock
• Sales reports by period, by product, by category, helps to better predict sales
• The ability for a store to launch promotions on products that are nearing their expiration date or ask a supplier to accept items within their expiration date
• Calculation of the optimal amount of warehouse stock for each category of goods
• Synchronizing the start of orders for a new supply with destocking, eliminating the periods between the moment when the stock is noticeably reduced and the moment the order is actually placed, respectively, the moment when the supplier makes a new delivery.

Advantages of the software solution for stores:

• Graphically illustrated forecasting system for forecasting the seasonal nature of product sales, trends, inventory requirements, and changes in demand.
• Ease of use and a clear interface that enables collaboration between people involved in the application planning process; offers us the opportunity for the sales team and those involved in sales planning to plan promotions to meet the demand
• Ability to plan demand, stocks, and distribution, store them in the system, and then compare data, with the ability to analyze the effectiveness of promotions, events and launch new products
• Improved accuracy of weekly forecasts and increased delivery efficiency by up to 20%.
• Reducing stocks and increasing their turnover by 15-30%
• Reducing supplier delivery times by up to 50%
• Reducing stock-outs by up to 90%
• Reduction of stock-outs by up to 50%.
• Among the companies that have implemented software solutions developed by RTI are such large customers as: