A few years ago, it was a dream for every businessman to run his business smoothly and efficiently. But now, it has become a reality. To start a business or upgrade an existing business, you need an accurate plan to sell your product well in the market. Also, you are required to plan the retail structure of your business.
Retail sales are the fastest growing business idea in the economy. If you are looking to run your business independently, the retailer should be able to meet all the needs of the store, including inventory management, billing, staffing, marketing, sales, merchandising, etc. Retail software is a mature solution that enhances the processes involved in the retail business. It keeps data up-to-date and opens up future growth opportunities.
In this blog, I am going to share my thoughts on the fact that many retail stores still faces several business problems, to which we at SWIL, offer businesses a solution for their day-to-day activity.
Also, we will be sharing how to make your retail store independent that generates revenue in minimal resources.
Responsibilities that a Retail Store contains
If we consider retail stores they are a lot dependent on various people and factors in the supply chain and include:
- Suppliers & Logistics Management for in time Delivery of goods at best rates
- Inventory Management and Control
- Expiry Management
- LIFO
- In-store management of perishable and non-perishable goods, based on the properties and attributes of the products
- Handling Sales, promotions, discount and customer engagement
- Keeping track of offers from parent company
- Handling breakages and expired items
- Control over near expiry items
- Handling multiple locations for sales and billing
- Accounting and Closing
- Handling customer advances
- Billing and cash handing rights
- Handling employee’s salary and commission based on sales made by them and much more.
All these responsibilities are being divided within the store as it is almost impossible for a single person to manage all these activities, and hence the Retail Store Suffers.
Since these jobs are regular and monotonous, whoever is handling them day by day tends to make errors and thus loss of resources. Those primarily involved in retail stores include the owner, salesman, seller (supplier), accountant, and point of sale operator or customer bill and cash taker.
How SWIL’s developed RetailGraph makes your retail store independent
It is important to have a mechanism in place which can manage all these transactions and helps the owner to further strategies peacefully without worrying for the day to day operations.
ReailGraph is the solution to get your store independent and work most effectively with centralized control in place. RetailGraph is the best software solution for your retail store; it handles all your worries.
Key Features of RetailGraph:
Best for Point of Sales (POS)
It handles entire operation required at the point of sales terminal, handling offers, promotions, discounts, fast billing, barcode handling, integration with weighing scale, handling return – replacement, etc
Best for Inventory Management
It manages the inventory so robustly that you can never have an expired product on your shelf and keeps check on order generation, shortage, surplus, SKU definition, multiple stock and sales locations, category wise rate & Margin, and complete stock control.
Best for Financial Accounting
It helps in managing to account till balance sheet and P&L, Bank reconciliation, manage outstanding, PDC & Dishonored cheques, Handling Taxes, multi-level security, and user rights.
Best for Branch / C&F / Consignee / Distribution setup
Complete reporting based on the sales rep, area, station, outstanding / collection management, reports on aging analysis, etc.
Best for Retail Chain
It helps in online and offline billing, centralized control, Financial accounting at HO, and User rights report.
Job Works Handling
It helps in issuing material to vendors, receiving materials from vendors, and helping in production planning.
There is a lot more that can be shared about RetailGraph which acts as a point of sale software.
Conclusion
To choose the right retail store software to run your store independently; you need to contact a software development company that efficiently handles your retail business requirement. In this case, SWIL’s RetailGraph software gives you amazing features. It attracts the attention of potential customers and encourages retailers and businessmen to convert their business to digital platforms.
