Role of ERP Software in Retail Business In 2022

 

The year 2022 brings new hopes for the world. After a long span of the epidemic, the market is returning to its original position. The businessmen are again making money as the working cycle in the market between the traders is gradually getting normalized. Wealth creation is the biggest lesson which every businessman has learnt in the past 2 years. Pandemic has affected every businessman. Steps are taken by the businessman to fight through the tough challenges if anything ever happens in the future. One of such steps is the adoption of enterprise resource planning in their organizations.

 

Enterprise Resource Planning (ERP)

An organization consists of several people performing different functions. All these functions constitute several processes that tend to happen on day to day basis in organizational activities. Enterprise resource planning is a process that helps in integrating all the processes which help in managing the operational activities of the company. Alpha E Barcode Solutions Pvt. Ltd. provides such ERP solutions for all business types. The company caters for the needs of retailers, wholesalers and even manufacturers.

Role of ERP Software in Retail Business in 2022

For this purpose, the best ERP software are ready in the market. Alpha has its solution in various segments such as garment, jewellery, footwear, bags and luggage, sports, gifts and novelty, supermarket and departments, restaurants and cafes, electrics and electronics, beauty parlour and salons, hardware and building materials, imitation jewellery, etc. These needs of the businessmen are fulfilled by the three main software- Gsoft, Jsoft and Alpha Extreme. 

The pandemic has given time to a lot of businessmen to think of new strategies for the growth and expansion of their business. According to the latest data, the maximum installation of ERP software has been done by the Retail businessmen in the last 2 years. The reason for the same has been described below.

Inventory Management

The ERP software helps in managing the inventory of the organization. Several features in the software of the Alpha E Barcode Solutions help in maintaining the minimum and maximum stock level, maintaining the product history, purchase order management, Barcode / Design / Color / Size wise Management, and many other specifications of the products. This feature helps in minimizing human errors and unnecessary delays in the time of recording the data.

Financial Management

Any organization comprises of several financial activities on day to day basis. ERP software helps in managing the financial activities of an organization. It helps in recording the sales, purchases, sales return, purchase return, and many more financial transactions. The recording of all the transactions at one place later helps in analyzing the total sum of sales and purchases of a day/week/month or even a year. Financial management helps the owner in taking vital decisions for his business. Several features of Gsoft and Jsoft like GST reports final reports, TDS reports, depreciation calculation, audit reports, interest calculation etc. helps in the speedy work of the organizational activities.

Business Intelligence Reports

It is very essential to analyze your performance daily/weekly/monthly/half-yearly/annually to know your true position in the market. The ERP software gives you the opportunity to assess all your data at once and analyze it to make any significant changes for the company. The reports help you find any deviation from the goals and targets set for the organization. It helps in finding out correct strategies for the growth and expansion of the organization. Alpha E Barcode Solutions provides various reports such as stock/sales/profit/fast-moving products/slow-moving products etc. in its software.

Customer Relationship Management

After the installation of the ERP software in the organizations, retail businessmen can retain their old customers. With the help of ERP software, businessmen can feed the names of all their customers and keep the data digitally. It has also helped in bringing new customers from different geographical locations. The biggest advantage of CRM is that it has helped in managing the sales order effectively and efficiently. Gsoft has features like customer master, address book, reminder management, etc. which helps in retaining the old customers and acquiring the new ones.

To Sum Up,

There are many benefits of the ERP software that will play a crucial role in the retail business in 2022. The software helps in integrating all the processes at one place which is essential to run an organization. It helps in reporting real-time data and flow of communication in the most channelized way. ERP software has helped a lot of small businessmen to grow from a single store to multi-stores and will continue to do so in the year 2022.

Alpha E Barcode Solutions Pvt. Ltd. provides a comprehensive solution for retailers, wholesalers and manufacturers. The company serves POS systems for garments, jewellery, fast food, supermarket, grocery stores and many other industries for more than 20 years. It has served more than 2000+ clients and 5000+ users in 100+ cities with the help of more than 60 team members.