What real-time updates in retail management software do for you
There are a lot of features that make each component of retail management software an important part of the whole. In an integrated system that works to connect each part of its structure to all of the others, it’s important that the movement of data and information flows quickly and flawlessly. In a real world retail environment, this information may be needed at any moment in time, and you and your employees want to be sure that it’s accurate. Let’s look at how real-time updates and information benefit the user in a retail management software setup.
Real time means that you can apply markdowns and other rules immediately at checkout. That means if a product is on sale, part of a special offer, or even if it’s being recalled, your cashier will know as soon as they swipe the bar code. That’s because information put into the system on Product Management or Retail Merchandising will be fed directly to the Point of Sale and Order Fulfillment databases. As long as you keep the information in your database up-to-date, there will never be any discrepancies.
Updates in real time will also give you faster turnover due to faster replenishing. You will know at any given point in time when an item is low on stock or when something needs to be changed. At the beginning and end of every day, you can have your system assess stock and create alerts. The quicker you put items on the shelves, the faster they get sold and the more business you generate. This is especially important around the holidays or times when certain items become very popular, such as before a heavy snow or at the release of a new popular item.
There should be no reason to wait on your system or any of your employees to update you on any relevant information – ChainDrive’s retail management solutions package keeps you in the know 24/7.