For accuracy in decision making, it is critical for all businesses to have information at the right time. For Retail, the importance of ‘Right Time’ is even more, owing to ever-changing, dynamic and competitive market it is in. Information flow should be real time across the retail value chain.
Recently, a white paper published by Accenture in association with Oracle emphasises on this very fact. It has highlighted 4 major facts, stressing the importance of real-time information in a retail environment:
Consistently aligning supply and demand by sensing the demand, then shaping it into a reality and measuring the outcome of the actions.
Minimize risk and maximize resilience by continuously analyzing the supply chain and removing the bottlenecks, especially when you are operating in diverse environment. Whether to procure it centrally or locally and whether to manufacture or procure are perfect examples.
Lean Global Operations by having the flexibility to work in centrally or locally controlled environment but in an integrated manner.
Leveraging the state of the art technology not only to engage and give customers a great buying experience but to analyze your business using specialized tools.
All the above mentioned points can only be possible if one has an end-toend integrated Retail ERP. Ginesys Retail ERP is a complete suite that provides real time information flow generated from POS to Back Office and provides valuable insights of the retail business.
Return on Investment for any software application can be derived only when Support adds strong value to it. Only then, an enterprise application transforms into a ‘performing asset’ for the organization.
Play the video to learn more on how our esteemed overseas client, HSCC China, had to say about Ginesys.
One phrase to describe Ginesys, “Thank you for supporting us with Incredible Service and supporting us”, asserts Simrat Singh Sahi, CEO of HSCC China.
HSCC is a well established group for over 20 years, having offices in Shanghai and sourcing facilities in China & India. Their portfolio includes cosmetic jewellery and accessories.
At Ginesys, Customer Support has been a key pillar to ensure the success of running enterprise applications. Ginesys provides end-to-end life cycle support and service to its customers.
A point-of-sale (POS) terminal is a computerized replacement for a cash register. The retailing industry is one of the predominant users of POS terminals. POS handles the inventory control, purchase, receive, return and transfer of products to and from other locations. With a POS system,
· You can evaluate sales data; figure out how well all the items on your shelves sell, and regulate purchasing levels accordingly.
· You can track sales history to help adjust your buying decisions for seasonal purchasing trends.
· You can improve pricing accuracy by integrating bar-code scanners and credit card authorization ability with the POS system.
· POS provides audit trails and helps to keep a track and tight control over cash receipts and thereby prevents pilferage and manages cash control.
· Updation of product information and sales tracking options in the system.
Ginesys POS system is an all-in-one way to keep track of your business’s cash flow and helps to gain better control of the business. It is a one point complete solution to all the billing headaches and varied goods issues. It has complete cash and counter management with related reports. Detailed tracking is a useful tool in POS and Ginesys provides real-time tracking of the ongoing process and helps to reduce pilferage to minimal.
You can read the full detail at the mentioned link below:
Ever-changing government policies and taxation rules are common in the Indian Retail scenario.
Normally, these policies affect all the transactions in a financial year. A robust Retail ERP should be able to handle such exceptions for the transactions at the point-of-sale level.
Ginesys Retail ERP now has built the option of easy tax re-calculation for already settled dates at the store, even if the Government applies a taxation policy applicable from a previous date.
Such significant enhancement not only save the precious time of employees but also prevents the risk of manual error. Prior to this enhancement, all such processing was done manually. But now, all tax re-calculations and sync with the HO data will be done automatically.
To keep with the pace of today’s dynamic market place, it is imperative to know the health of your production process in real-time. Tracking, stages in a production process, can be compared to BP Machine for a patient with Blood pressure problem.
Accurate data at the right time is mandatory to make important decisions about your business. More often than not, manufacturers have little or no visibility into production operations. Possibly the best visibility they do have is based on old or manually collected data. Real-time access to production data can create a major impact on increasing the effectiveness and efficiency — and ultimately the cost — of your business operations.
Ginesys ERP is now equipped with this tracking system where you can track each and every step of your production process. Multiple simultaneous processes are common these days. For e.g. to make a designer shirt, front and back portions are being processed simultaneously but separately, with the idea that it will be merged into single process of manufacturing the shirt, later. These processes may have some sub-assembly processes as well. Now, in Ginesys after making a job order, one can easily track the status at each and every step of the production process. This applies not only to the WIP but also to the inventory status at each and every step of the process.
This tracking will help the management with informed decision making. It will make them aware not only about the bottlenecks in the processes, but it will help them to plan for the future as well.