Posts tagged distribution software

Distribution Importance in Retail Business.


Distribution RetailImagine having all of your products in four or five separate locations. Now imagine trying to get a product from each of those distribution centers to one location. Therefore in the highly competitive retail sales businesses, getting the right goods, to the right stores, at the right time, and in the right amount is critical to the profitability of each store location and the Chain.

In most retail stores, the amount of space available for receiving, checking, and display of merchandise is limited and it is important that the goods be efficiently and expeditiously moved to the selling floor in an efficient manner by store personnel. Retailers, in order to be successful in the competitive market, should work towards maintaining an unhindered merchandise flow on the sales floor.

One of the functions of a distribution channel is to optimize your sales volume. Even though you might have several opportunities to distribute your product, you might have limited capacity to make your product, so you must look at which will help you generate the most sales.

Ginesys distribution model helps retailer to have multi-site multi-options which includes integration with internal/external POS system. It helps to track pipeline stock across supply chain including allocated and in-transit stocks. It benefits retailer in tracking for shortage / excess and transfer reconciliation.

For full details on Ginesys Distribution please click on the link below.

http://ginesys.in/product/distribution/

Charge VAT Separately on Promo Items using Ginesys


A trend has begun recently, that retailers putting items on promotion at X% discount and adding back the VAT . This leads to complexity in billing of adding the tax separately on an item which was earlier on a tax inclusive basis.

In Ginesys now we have incorporated this aspect and we can mark during creation of promotion whether billing is to happen on a tax inclusive or on a exclusive basis.This will lead to the correct calculation.

Example:
MRP 500
VAT 5%
Discount: 30%
Price after disc: 350
Price to be paid: 350+ 17.5 = 367.5

This will work under all types of promotions like Flat Discount, Flat Price etc. Using this feature retailers can better protect their bottom-line even when putting up items on discount.

 

Use Credit Sales in Ginesys as a tool to grow


Credit sales now a days is a normal practice  in Designer wear and Jewelry Industry and sometimes in other businesses too. But many businesses cannot readily adopt this  as most ready retail software does not handle credit sales and advance tracking at all. Even if some software does then the implementation is not correct from an accounts point of view. This forces the retailer to go in for manual accounting.

Credit sales can be of two types.

1.Some part of the payment is paid immediately at Point of Purchase and remaining after some time.

2.Entire amount paid within some specified time after the purchase.

Ginesys has now come up with this option inside the software only with accounting implementation, where the retailer can easily handle any of the cases mentioned above. This will enable him to leverage on  credit sales to increase the top-line without any complex monitoring. So,with Ginesys, just forget about the complexity of credit sales and use it as a tool to grow even further.

 

 

Keep your margin net of VAT with Ginesys


One challenge that wholesalers have been facing is in retaining item profit margin. These days customers are asking for Net Margin including VAT payable i.e. their profit margin should be Net of VAT.

To assist with this, Ginesys has came up with the concept of  calculating the profit margin as net of VAT. Now the net profit margin will automatically calculated with respect to VAT percentage of the state of buyer. This will not only save lot of time but will also reduce the risk of human error as all the calculations are now being done by the system. So just put the VAT percentage in the field provided and net margin you want to give, system will do the rest for you.

Lolipop rocking : Opens its 100th store


100 is always considered as a very special milestone whether it is in the form of century to a cricketer or marking of an Platinum jubilee of any event.

Lolipop India, the specialized kids apparel retail chain, has opened its 100th store . It is all about children at Lolipop. It is an awesome achievement for the retail chain, which launched the first store just an year ago.

On this occasion, Team Ginesys congratulates them and wishes manifold success in coming future. We feel very proud in being associated with them.

All the best!!