Visual Retail Plus Inventory Management System
Inventory management is a key reason for cost reduction. Having just-enough inventory to offer customers purchases need, brings the customers over and again back to the store. A disappointment shopper that made it all the way just to find out that the needed size is sold out, will drive the customer to the competition and might result in a lost customer forever.
To ensure accuracy and continuous customer satisfaction, a smart retailer can create smallest and largest level, aka Red Level and Max level. VRP (Visual Retail Plus) inventory management software provides the tools to automatically generate these levels, and takes the calculation burden and the time-consuming process off the buyer.
To generate the needed levels, Visual Retail Plus calculates the pace of selling in the selected period, the time that it takes to get new merchandise from the vendor, and creates a level for each item to the smallest detail of color, size and other dimensions if exist.
Once the inventory management system of Visual Retail Plus is applied, the buyer can create an order based on the levels created by the inventory management software. There are 2 options to handle the orders: One is to ask across the board all items that went below the red level, and the other, to ask filling order level into already selected items existing on a particular PO. During this process, the same items that went below the least level are checked to see it they exist on another order and eliminating duplicate ordering. An important factor added to Visual Retail plus Inventory Management system is the consideration for other by orders' cancel date. When creating an order, the buyer can dictate that an order with a cancel date in the far future is not considered as on-order.
However, Inventory Management using just computer software is not enough. Inventory gets lost, misplaced and unfortunately stolen. As a result, the ordering level may be inaccurate, automatic ask for transfer between locations generates requests that can't be fulfilled, and customer satisfaction becomes questionable. It is imperative that physical inventory count (stock-take) is performed periodically. Visual Retail Plus provides means to do physical counting with superb accuracy, and provides men-power equipped with wireless bar code scanner, and an expert with them to complete a successful count.
The inventory management system of VRP allows the update of the database with the scanned items at a later time, without the need to freeze the inventory and without the need to close the doors. Every physical scanned item performed using the wireless scanner, and every item sold at the Point Of Sale, is recorded with a time stamp, therefore, Visual Retail Plus is capable of calculating the result of the physical inventory with minimal work interruption.
The retailer receives a report on demand at any point of time during or after the process of the beginning inventory, ending on hand including details and total quantity adjusted with items description, department, cost, and retail.
To ensure accuracy and continuous customer satisfaction, a smart retailer can create smallest and largest level, aka Red Level and Max level. VRP (Visual Retail Plus) inventory management software provides the tools to automatically generate these levels, and takes the calculation burden and the time-consuming process off the buyer.
To generate the needed levels, Visual Retail Plus calculates the pace of selling in the selected period, the time that it takes to get new merchandise from the vendor, and creates a level for each item to the smallest detail of color, size and other dimensions if exist.
Once the inventory management system of Visual Retail Plus is applied, the buyer can create an order based on the levels created by the inventory management software. There are 2 options to handle the orders: One is to ask across the board all items that went below the red level, and the other, to ask filling order level into already selected items existing on a particular PO. During this process, the same items that went below the least level are checked to see it they exist on another order and eliminating duplicate ordering. An important factor added to Visual Retail plus Inventory Management system is the consideration for other by orders' cancel date. When creating an order, the buyer can dictate that an order with a cancel date in the far future is not considered as on-order.
However, Inventory Management using just computer software is not enough. Inventory gets lost, misplaced and unfortunately stolen. As a result, the ordering level may be inaccurate, automatic ask for transfer between locations generates requests that can't be fulfilled, and customer satisfaction becomes questionable. It is imperative that physical inventory count (stock-take) is performed periodically. Visual Retail Plus provides means to do physical counting with superb accuracy, and provides men-power equipped with wireless bar code scanner, and an expert with them to complete a successful count.
The inventory management system of VRP allows the update of the database with the scanned items at a later time, without the need to freeze the inventory and without the need to close the doors. Every physical scanned item performed using the wireless scanner, and every item sold at the Point Of Sale, is recorded with a time stamp, therefore, Visual Retail Plus is capable of calculating the result of the physical inventory with minimal work interruption.
The retailer receives a report on demand at any point of time during or after the process of the beginning inventory, ending on hand including details and total quantity adjusted with items description, department, cost, and retail.
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