Retail merchandise management (RMM), merchandise management systems (MMS), retail systems, and retail enterprise resource planning (ERP) all designate information systems used by retailers. Retail systems are the enterprise back- and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record product performance, which allows the buying personnel to make accurate merchandise purchasing decisions. Moreover, retail systems have capabilities for tracking inventory, capturing sales data, and managing retail prices. Successful retail operations generally require communication between the supply chain management (SCM) or ERP solutions and the RMM system.
Retail Systems Business Drivers and Benefits
Automate business processes to allow retailers to have more time for planning and analysis
Increase customer loyalty by providing personalized shopping experiences
Reduce markdowns by improving buying decisions with the ability to analyze sales history and trends
Analysis of customer purchasing habits to increase sales by offering personalized promotions
Replenish stores automatically to reduce inventory cost
Know your inventory to prevent loss
Know where business stands in real time and make accurate business decisions
Increase visibility on transactions and inventory to reduce loss
Reduce the amount of markdowns to increase profit
Why Use the Retail Systems Evaluation Center?
Qualify your requirements for the point of sale (POS) solution, which will do the best job automating your transactions.
Understand the inventory, price management, reporting, and other capabilities of a modern merchandising system.
Evaluate whether selected vendors support your required system architecture and hardware.
"Your people, [TEC] and your product [TEC's decision support system] allowed Racal to quickly focus on a highly qualified group of suppliers."
- Greg Cruzan, chief technology officer, Racal Instruments Inc.
"I am delighted with the role that TEC has played in our search for the right system... and could not recommend [it] highly enough."
- Sean Reilly, IT manager, Largo Foods
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