Streamline your retail operations with OfficeBox. From point of sale and inventory management to customer engagement and analytics, we provide the tools for success.
Essential tools for successful retail operations
Retail business thrives on the ability to process orders easily and quickly. Modern modes of recording orders such as Bar Code Scanning are the essential elements for success.
The success of order processing depends on availability of an up- to-date inventory. Orders do get amended online and some get cancelled as well. In any anomaly to the happy path, the sanctity of updates to Inventory is key in further processing of orders.
Every order completion is marked by a payment confirmation. Only when payments get processed, the order is deemed to be complete. Digital Payments being the norm of the day, good and robust integration keeps the pace up for order processing.
Inventory is typically purchased in bulk. The mark-up on retail items recorded appropriately drives the accurate profitability. Correction of pricing under special discounting schemes enhances advantages to the retailer.
Retail being a business of having an inventory of too many items, the GST compliances forms a major factor in arresting losses. Appropriate GST leveling should be monitored in stock intake as well as order processing.
Re-Packing items from bulk into retail unit of measures is a core function for this industry. During this process, the pricing has to be calculated precisely. Any wastages need to be recorded to ensure reverse feedback is sent to the supplier.
Discover how OfficeBox ERP can equip your retail business for growth and efficiency.
