Automatic price reduction of poor selling inventory ensures you have more room on the sales floor for best-selling winners.
Dynamic purchasing recommendations are based on what is actually happening in your store rather than a minimum/maximum number.
Your KPIs and other vital data like whether items are in stock and available are all real-time and immediately available when you need it.
RETAILvantage inventory tracking software features more tools and reports for analyzing your business than any other industry specific software. With a systemic mark down of non-selling merchandise, dynamic replenishment reports, real-time dashboards and a host of metrics and analysis you will have the data you need to make educated decisions quickly.
Automatic price reduction of poor selling inventory ensures you have more room on the sales floor for best-selling or new merchandise that arrives just-in-time through more accurate buying reports. Slashing prices to the bone might move it out quickly, but you also give up any chance at earning gross margin on these items. By systemically marking down items you will sell them as quickly as possible at the highest margin achievable and keep your warehouse from over running with out-of-date merchandise.
Dynamic purchasing recommendations are based on what is actually happening in your store rather than a minimum/maximum number. Detailed information about things like number of days in stock, recentness and frequency of sales, and whether an item is profitable compared to other items in the same category all play a part in determining recommended reorder levels. This detailed analysis will keep your winners in stock without being overstocked.
Your key performance indicators and other vital data like whether items are in stock and available are all real time and immediately available when you need it. Your sales staff can check stock availability from any work station or from their iPad, never leaving a customer’s side.
For a retailer, visibility into and control over inventory is the single most important factor in running a successful business. A failure to keep best sellers in stock or move out under-performing items creates a strain on working capital and prohibits incremental sales. PROFITsystems understands the difficulties customers face when managing a large, complex inventory catalog. With RETAILvantage inventory tracking software solutions, you will have an intuitive, accurate and streamlined approach to inventory optimization and increased profitability.
RETAILvantage will track your merchandise, from purchase order to receiving, warehousing and delivery to your customer. Importantly, it also includes sophisticated profitability analysis on winners and losers and keeping the right items in stock and available for sale.
With this much data at your disposal, managing your inventory has never been easier.
Retail inventory management made easy with RETAILvantage Inventory Tracking Software from PROFITsystems.