Offer The Right Products To The Right Customer At The Right Price
With so much competition and operating costs increasing, it’s important to pay close attention to the product range you’re offering while determining how to best offer it to consumers and at what price. This is what merchandising is all about and getting it right can drive up sales and improve profits. However, managing merchandising manually does take time, something most retailers have in short supply. Fortunately, Sparta simplifies merchandising while assisting you to achieve the best possible results.
The cracks in Inventory and Logistics
Getting one product from one place to another seems easy enough. However, one of the harsh realities encountered by merchandising companies is the shortcomings when it comes to managing the stock and handling their goods. The merchandising business welcomes high volume and fast moving goods, making the management of these flows a real nightmare. Customers will order in bulk, pay in installments and at the same time, distributors rush to fulfill their orders and replenish their inventories. This process create a strain on operations and is a real blow to Finance when any type of accurate reporting is needed.
✔ Our Sparta ERP solution is designed to optimize the business procedure and ensure seamless operation. The modules such as procurement management, inventory management, merchandising, customer management, finance, reporting and the like, are integrated with each other. This enables users to share all information in real time without any risk of errors. Because of this, the organization’s management is always up-to-date about the entire scenario and able to make relevant decisions to scale up the business.
1. Reliable business information
Real-time analytics and flexible business processes allow you to monitor and respond to changes in market conditions with speed and ease. Improve performance with real-time metrics and role-based dashboards so your teams can make smarter decisions based on real-time data.
2. Inventory Management:
One of the most crucial aspects of a retail business is the inventory. An ERP solution
Manage your inventory across multiple warehouses. Track and record stock movements, optimize inventory levels, and reduce overstocks / stock-outs with advanced forecasting and planning tools.
✔ Real-time inventory visibility across multiple locations
✔ Accelerated order processing through wave picking
✔ Wireless and mobile warehouse management
2. Purchase Management:
In the retail environment, business owners that offer a wide range of products might have the need to procure products from multiple vendors. Keeping a track of all vendors and purchase orders manually might lead to erroneous data and eventually become a very complicated task. An ERP software helps the retailer store and track all the information and also gets updated in real time.
3. Demand Forecasting:
With Sparta ERP software, retailers are able to analyze the stock movement - fast-moving and slow-moving. This way, they are able to understand which products are in high or low demands by their customers. Consequently, they can even predict the demand trends in the following months or seasons. Retail owners use this insightful information to place purchase orders for stocking new products and restocking existing ones and, thus, scale up the retail business.
4. Reporting
An ERP solution generates reports based on the data collected at the pos. These reports depict comprehensive insights on sales trends, peak sales hours, highest and lowest grossing products, customer retention rates, and the like. With a consolidated view of these statistics, retail business owners would know what they are doing the best and what needs to be changed. They can make well-informed business decisions such as merchandising, replenishment, marketing strategies, and much more.
A system wide improvement
Merchandising is simply a collection of the following three components:
✔Sourcing goods in the wholesale market
✔Establishing long term relationships with smaller distributors
✔Fulfilling, packaging and shipping bulk items
Bridging the gap between these components can be challenging. With the Sparta ERP, users will be able to organize purchase orders in bulks, helping them manage those orders in different warehouses. With an all inclusive Inventory Management System, items will be segregated in batches and dispatched in smaller parts. Logistics will have a an easier time following the shipment requests with a seamlessly integrated status update bar. Purchase Orders (PO) will subsequently be changed into Sales Orders (SO) with the order creation module.
Stay steps ahead from the competition with Sparta.
