5 Retail Fashion Apparel Components And Tools You Need to Have in Your ERP Software & POS System
By Mercy Gracy Antony · PUBLISHED July 23, 2020
Technology breakthroughs and rising consumer trends are reshaping the entire shopping landscape in the post pandemic era. However, even with the popularity of online shopping, it is important to remember that a lot of consumer still go into stores which offer exceptional shopping experience. Therefore, it is inevitable to provide your customers with the best user experience possible across the value chain. This being said, it is important to endow your retail management staff with the right POS, ERP and omnichannel tools which could keep your stores revved up and help you improve your customer retention and loyalty before other competitors or aggressive market movers take them elsewhere.
Most Common Apparel Retail Management Software Tools. But is it Enough Nowadays?
This short list of apparel retail management software tools is known to help retailers manage their store operations:
- Point of sale
- Inventory management
- Customer management
- Gift registry management
- Maintenance of items on consignment and many more functionalities
Most of top retail management software providers and developers like ChainDrive are also designed to help their users manage employee back office needs, such as timetables management and fingerprint or signature integration among many points of sale needs and tasks.
But fashion clothing retailers have special considerations that you don’t necessarily see in other vertical markets like jewelry stores, pet shop, sporting goods, health and beauty stores. That’s why ChainDrive has stepped-up the game with an advanced operations solution that apparel retailers could always customize according to their niche market approaches and positioning. Here are some areas of optimization that keep on being overlooked or underestimated in retail management
5 five critical operational components every clothing retailer need to get under control
1.Product assortment – When clothing manufacturers create multiple size and colors, and fashion variations, of each clothing product they create, it’s important to be able to sort those products in an intelligent way. Smart product assortment saves time and money while making your retail operation leaner, more predictive and ultimately more profitable.
2.Product allocation – Not only do you need to sort your products, but you also need to allocate counts to each retail store. You can do this in a number of ways, and you maintain control over the rules that determine allocation according to the chosen parameters. The bottom line is, you know how much of each product will sell at each store, so you can allocate the SKUs intelligently.
3.Automatic replenishment – When you get near the end of your inventory for any product, you’ll need to replenish your supply as well. Don’t wait for inventory counts or manual inventory audits. Replenish your product automatically when you hit a store minimum or an on-hand minimum across the operation.
4.Planning – You cannot buy your products and establish your inventory if you don’t plan your retail operations down to the store level. ChainDrive’s operations solution for clothing retailers make the planning process easier by using an open-to-buy model.
5.Point of sale – Your point of sale terminal is where you meet the customer. This part of your operation must pay for itself, which it will as long as you capture the customer data efficiently. But you can still do that by merely integrating the point-of-sale terminal with the rest of your operations.
As you see, there is a lot more to your clothing retail operations than simply investing in plug-play retail software tools.
ChainDrive’s retail management software solution for clothing retailers takes care of the hard details for you so you can focus on your core operations efficiency in a worry-free environment.
Here are few more perks that come with ChainDrive:
ChainDrive system does bit more than many fast-fashion software bundles and pre-packed solutions when it comes to retail automation and end-to-end value creation. ChainDrive is also very user-friendly and agile system which can run on any contemporary browser on any smart device, including touch-screen systems, PCs, and Macs.
Moreover, it creates reporting analytics and inventory management dashboards including purchasing and receiving information in real time.
For many retailers, wholesalers, eTailers and early adopters during and after COVID-19, ChainDrive retail POS Software has been a game changer and a life saver during the pandemic times when most brick and mortar stores were subject to mandatory lock down and extended periods of quarantine measures. If you wish to unchain your business and get more horse powers to spur your retail engine, ramp-up your recovery strategies you have to bet on systems that are geared towards boosting business immunity and resilience.