Ginesys retail ERP software has now introduced the flexibility of applying different cash discounts for the same vendor depending upon payment conditions and different items.
Suppose a vendor offers a cash discount of 10%, if payments are made within 60 days. Now, for some reason and if the payment is delayed after 60 days then he will only allow 5% cash discount. Or if the vendor offers various cash discounts on different departments under his company. So the user can apply all these manual cash discounts on AP entries during document adjustment in the retail ERP software.
Thus, cash discount percentage can now be modified while making payments using AP Voucher.
In retail system, for optimizing business performance is to drive supply chain in alignment to the business strategy. The basic component for a high-performing supply chain is robust planning.
Retail Replenishment planning is predicting future requirements to balance supply and demand which involves multiple communication between warehouse, Head office and all the stores. This supply of stock depends on multiple factors like priority of store, zonal preference, seasonal trends, past trends, etc. Handling all the factors and evaluating the supply of stock requires a robust replenishment engine.
Ginesys ERP software replenishment planning module has it all! The convenient supply chain planning and a powerful replenishment engine. Ginesys users can plan their stock supply with utmost ease catering to all factors. It provides a single point control (the head office) to set all the unambiguous planning processes for all its stores and warehouse.
Flexible and automated Ginesys replenishment planning module gives its users from a dynamic dispatch system to a complete parameterized system which takes into account the article-category, store plan and the latest sale trends and handle the dispatches during the beginning and end of a season and seasonal changes. Its flexibility is justified by applying any algorithm to its replenishment model and by dynamic stock routing.
Thus, Ginesys retail ERP solution helps you drive your business operations with complete ease, transparency and efficiency which will take it to a next level!
Now retailers with a number of shops running Ginesys POS can manage
their stock movement from a single point of control. In Ginesys retail
management software we have added functionality to request return of
stock from point of sale locations. The stores will then return stock
from POS according to the requested quantity and items. This brings much
more control on the return process and enhances the replenishment possibilities.
Retail shops having large unsold inventory do not need to decide what
to send back. The head office can check other store requirements and
either request a return to warehouse (DC) or a transfer to another
Now when you create a new payment advice in Ginesys you can automatically send a listed vendor email id an email with the advice and the invoices cleared in that payment with all details. It will make your life easier by having to deal with fewer enquiries asking when they will get a certain payment and seeking explanations of payment made.
These kind of features in the retail ERP help suppliers as well as merchants in the retail eco-system
Tax structure for indirect taxes in India has remained complex with a combination of state and centre level taxes and compliance rules. The complexity slowed down business due to requirements of multiple forms in various formats required for movement of goods within the country. Checking compliance was also naturally difficult hence leaving room for tax avoidance. Long term reforms had proposed a single tax known as Goods and Services Tax (GST) applicable uniformly based on the value. GST will be a single Indirect tax for the whole nation, which will make India one unified common market. Each stage would then be taxed only on added value.
Now the GST bill is passed it will be implemented into the systems on 1st April 2017.It shall come into force on such date as the Central or a State Government may, by notification in the Official Gazette, appoint in this behalf. While each State GST Act would extend to the relevant State, the Central GST Act extends to the whole of India and includes Jammu & Kashmir (‘J&K’).
Being a major mover of goods retail industry will have a major impact through GST implementation and we feel that the overall impact will be positive as it will reduce current artificial constraints on business domicile and movement of inventory. The manufacturer will be able to reach more consumers through distributors and stores across India with ease of calculating and reporting of taxes.
We at Ginesys are fine-tuning our Retail ERP and POS systems with a vision to simplify and make the process of adoption of GST as simple as we can. Through these blog posts you will be able to get an inside view into how we are working this subject.