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.
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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.
Ever felt like bill could become more understandable.Billing or Invoicing in the case of fabrics is always a bit tricky!
For example the same fabric is purchased by a customer in 2 cut pieces, suppose one in 2 meters and one in 1 meter. It is possible to split one item into multiple lines on the bill making it clearer as to what was purchased to the shopper. You can also select different sales persons for the same item on different lines increasing sales flexibility.
Earlier it was always merged into a single line. This option still remains and might be useful in situations where it is not useful to show separate lines of quantity but a single line of total quantity.
Note: This feature is specifically for V11
If it were possible most retail companies would not allow manual discount (non-scheduled promotions) at the store by the cashier. But practically speaking there are always situations in which discounts need to be given on certain items or on the bill at the point of sales / point of purchase.
Ginesys already had a feature that we can control manual discounting to certain users upto a certain percentage. Now we have a new possibility of excluding certain categories of goods from discount. This will help restricting low-margin goods to not go out on low price.
With this feature store management and retail management becomes much more controlled and point of sales does not become a point of loss.
Note: This feature is specifically for V11