Technology stack, software designing, its functionality, and the feature is only one part of getting success in the business. The other part involves user experience. User experience can only be measured through the experience the user gets in his overall shopping journey. Thus, it becomes imperative for business owners to deal with customers smartly. Retail software help in track customers’ usage, provide them quick help, and take prompt action on improvements if necessary.
India has been an integral part of the global textiles and apparel industry throughout history. India’s textile and apparel exports stood at $37 billion in 2018 and are expected to reach $80 billion by 2025. The domestic apparel market is also projected to grow from $100 billion in 2018 to $220 billion by 2025.
With the above facts, it is clear that the growing market has given immense opportunities to invest in the garment/apparel industry. Therefore, guaranteed success in growing global competition requires business owners to be consistent and competitive with the apparel business.
Understand Modern Business Trade
As Internet usage is increasing and it is now readily available to almost everyone, it has seen that the way of doing business is also modernizing. Businesses are now increasing day by day. Now, the business is moving towards software platforms. The pre-existing manual working system in the retail business is being replaced. Similarly, technology is significantly impacting the fashion industry.
According to the survey, the Indian fashion retail market is set to grow to the US $ 115 billion by 2027. This breakthrough in the apparel industry has been possible only with the adoption of software. The software helps the garment store owners to understand the changing demands of the customers. This apparel gives the retailer an amazing set of features that enhances the customer shopping journey and gives the business a positive twist due to the increased use of technology in fashion retail.
Role of POS Software in the Clothing Industry
Point of sale (POS) systems are used extensively in industries where there are more transactions. It operates as a terminal used for checkout in clothing and apparel stores. Along with this, POS systems make the software even more useful. It provides more facilities along with recording sales data and printing the receipt. It integrates with CRM, tracks inventory, provides sales history, and also accounts for reporting. POS software helps you process sales transactions and more. Here are a few benefits of a POS system in the garment industry:
- Provide real-time crucial data and reports about your sales
- Effectively automates time-consuming tasks
- Reduce errors in the sales process
- Make employees, customers, and inventory management simpler
- Provide better resource allocation
Let’s see the Ways How Retail Software Benefits your apparel and lifestyle brands.
Software streamlines manufacturing facilities
For manufacturing, it is necessary to manage raw materials efficiently. Without the right retail management software help, it is almost impossible to meet the current need of the apparel business. Retail garment software automates processes and facilitates accurate estimation of required raw materials. Also, the software provides real-time information on different manufacturing processes, such as sewing, dyeing, printing, labeling, and packing. In this way, it eliminates inefficiencies that delay the fulfillment of bulk orders.
The software provides easy payment handling and a receipt system
Getting a real-time view of billing and transaction business data can be a daunting task. But having such a system is vital where retailers need to manage different customers at the same time. Retail software gives apparel store owners to handle various orders with details at the same time. The software can monitor outstanding credit limits, bill adjustments, modifications, and maintenance of sales and purchases with ease. In this way, it helps retailers through advanced analysis of financial liabilities and easy communication of payment information.
The software provides an enhanced inventory management
In this competitive world, where the garment business is having more than one warehouses in a different location, managing inventory can be a challenging task. The retail software efficiently handles the issues by providing robust automation tools for managing a company’s inventory. It manages the stock availability and alerts if stock is running out. This way, a robust retail inventory management system is required.
The software has right the management of Supplier and Customer queries
To enhance the value of the brand, it is necessary to have a good relationship with the customer and the supplier. Retail software help business owners know all suppliers’ and customers’ information and their buying patterns. Retailers help this data in making important decisions in future contexts. Thus, retail software brings greater harmony across the entire business system.
The software improves Collaboration and Networking in the store
Retail software provides an integration facility. This facility integrates with other functionalities to get the desired business outcomes. The availability of such facilities eliminates the distance factor among employees and allows for uninterrupted help throughout operational hours.
Software facilitates Mobile Data Access & Security
With the increased demand for mobile use, everyone wants all his retail solutions on their mobile. Now, the retail software solution comes with B2B and B2C mobile application. These applications enhance the user experience. They provide easy searching, billing, and checkout options with security features. This way, it enhances the way garment retailers manage their business and customer gets easy shopping.
The software provides reporting of MIS and financial data
To help garment companies, retail software integrates with ERP solutions. The ERP solution handles business financial information. It provides real-time transaction data that provides income, expenses, outstanding debt, and seller fees for the company. It enables reports from MIS, such as balance reports, balance sheets, and whenever necessary, and increases brand value.
The software brings improvement in sales
A retail system certainly helps to address the risk factors of the apparel industry. It optimizes all sales processes in the system and provides simple and flexible functionality. In this way, business owners get real-time data that enhances overall sales.
The software reduces Startup Costs
Retail software solutions reduce the painful implementation of establishing a business. It provides robust apparel software for small businesses, which overcomes the constraints of managing the business operation through its features. The software is well built and can easily meet the requirement of any size business.
The software improves supply chain management
Retail software is excellent for streamlining, monitoring, and managing supply chains, especially for businesses with global concerns. It improves the way Garments manage their supplies and facilitates cost reduction, increased profitability, improved product quality, improved communication, and more.
Wrapping Up
A well-implemented retail solution facilitates businesses to meet growing business challenges. The software automatically adjusts all business requirements and brings seamless communication between teams. Also, this competitive retail market, it gives the apparel industry a way to stay ahead of competitors with smart approaches. An apparel brand, integrated with the retail system, helps bridge the gap between online sales, managing inventory, and processing transactions. You can say that the software makes things easier for employees and customers.
If you are looking for a retail software solution for your apparel business and lifestyle brand, SWIL is an all-in-one software solution for you. Please visit our website swindia.com for further help.
