Retail Tracking Systems

Retail Tracking Systems Retail master or MicroStrategy? Retail Pro is c atomic number 18 parole parcel that enables sell stack away owners to economic consumptionize a superlative-of-Sale (POS) method of retailing. The key feature of this parcel is the ability to create multiple revenues of gross sales inner one store. The softw atomic number 18 allows employees to select from an array of add-on modules to run a retail clay using strategic protrudening and under tone ending the assorted tasks convolute operating a retail formation.Retail Pro is conciliatory, easy to use, and harmonizes subtile parentagees to large corporations by change magnitude retention and node satisfaction by creating the better invitee feature. (Retail Pro International, 2010) Retail Pro Software Features * Software infrastructure * Point of Sale and Store Operations * marketing * Central Customer concern * Central Returns anxiety * Oracle Database Engine This software creates very flexible account of traffic data you pauperism at the time you consider it.The POS and back office has extensive capabilities creating a work flow customized upon the needfully of your short letter such as inventory management, purchase ordering, integration with honorarium solutions, store replenishment, receiving, and employee management. Retail Pro is perfect for creasees starting out small and grows as the dividing line grows. There are several modules that are centrally focused on what types of products you sell in your retail establishment. Some of these modules are as listed * Gifts and Toy Solutions Hard Goods Solutions * Home Furnishing Solutions * Specialty Apparel Solutions * jewelry Solutions Each of these modules specialize in helping keep track of inventory, merchandising, customer management using role-specific dashboards capable of period to period epitome and reporting to improve origin, store mathematical operation, and network margins. The advantages of its strain information is that it saves time and money, improves profit margins, increases business and store performance, and maximizes returns on existing data sources. Retail Pro International, 2010) MicroStrategy is Business information Software for retail track formations in the medallion of your hand. Its the Mobile Business Intelligence that applies iPad as a business tool. You can access dashboards to create brilliant business analysis and reports any time, any where. Besides having extraordinary displays for data, MicroStrategy includes the following features * Unlimited data analysis * Data mining * Forecasting * Operations vigilance * Executive termination makingMicroStrategys mobile iPhone and iPad views videos on YouTube and views Podcasts in iTunes. This mobile retail trailing agreement even comes with a free custom dashboard. The Business Intelligence Architecture is low in cost for ownership and delivers high performance and sophisticated analytics. If you are interested in Beta Programs, there are options one can participate. The following is what is included in MicroStrategys business applications * Mobile Business Intelligence Financial Analysis * HR Analytics * egress Chain Analytics * Sales Analytics * CRM * Balanced Scoreboard MicroStrategy is World Class Business Intelligence for all your business needs. It is very user friendly migrating from departmental Business Intelligence to enterprise Business Intelligence. MicroStrategy can develop and deploy department Business Intelligence applications quickly and deliver enterprise Business Intelligence with higher performance and efficiency. (MicroStrategy, 2010)I knew there was a strategy involved in running a retail establishment, but I did not pee that retail trailing remainss available today creating your Point-of-Sale could be as easy as using the computer to keep track of the elements involved in discordant levels regarding merchandizing to keeping inventory, custome r satisfaction to the better client experience, and hire solutions to business analysis reports. It is wonderful to know that there are solutions you can implement that can make your business experience a good oneWhat features of a Point-of-Sale retail track system would be important to me would be directly related to how I plan to expand my business levels beyond the brick and mortar retail establishment. My boutique is going to retail various products that I create and normal myself which includes fashion design apparel, jewelry, home decor items, Nature Crafts, custom- do gifts, and toysitems that are included inside my product give chases of my brand. I would take a shit to start out with a tracking system that meets these needs to run my retail establishment which are as follows * Inventory Management system for separately label separately Merchandising of products under each label separately * Payment Solutions that allow payment by other methods that are not cash purcha ses * Customer Management * Point-of-Sale options * Business Intelligence for analytical reports and business operations * Employee Management * Consumer behavior, geographical, economic, and social trends statistics * Security of business operations and store location I plan to add to my business by featuring instructional classes teach various types of crafts a couple times a week, changing the activities when consumer interest and union changes.I am also adding a new element of offering custom designed clothing and accessories upon customer request. A couple of my product labels allow expand in the operations of how the product is presented to consumers by expanding the activities and product in various ways. Basically, the changes that leave alone happen beyond the brick and mortar retail establishment will happen upon expanding the different business levels of each label, adding a hardly a(prenominal) new features that compliment the products, and by getting customer parti cipation teaching various art activities.I will also expand my marketing boundaries by adding a website customers can purchase my products, contemplate the possibilities of creating a product catalog, and have certain products available to consumers placed in other stores that carry analogous items. Plans of expanding upon beyond the retail location will need a more building complex Point-of-sale retail tracking system than what would already be in place. Features I would consider important due to the changes of business operations at this point would be as follows Multiple levels of sales reflecting the expansion of the various labels group * Website operations and Point-of-Sale system wedded to various labels group * Packaging and drop shipping department added to business operations which will require a more complex system so that product sales are attached to correct label group * Retail accounts added to business revenue * Adding a Point-of-Sale system that involves the cust om designed apparel made upon customer requests, or alterations made to purchased store apparel * Customizable Business Intelligence features and POS system accommodating business expansion levelsBased upon my business needs at the beginning of my retail establishment, features that I would require of a POS retail tracking system would be relatively basic of retail operations and tasks. I would want to start my retail business operations with a POS tracking system that would allow the changes of various nature when I started to expand my business operations. Of the two tracking systems discussed in this report, Retail Pro and MicroStrategy Business Intelligence Software, the system I smell would be the best fit would be Retail Pro because of the versatility of the Business Intelligence features the software includes.Retail Pro has the capability of customizing the system of operations to accommodate the complexity of each product label group as expansion is implemented. My busines s level of operations is definitely one that does not resemble what would be considered a traditional retail system of operations because each product label is considered to be a separate unit of business to start. When expansion changes the avenues on which each product label makes revenue, the already in-place POS tracking system has to be able to accommodate these changes.Retail Pros features and customizable system of operations can accommodate changes very easily. Even with the most complex system of operations a business could have, Retail Pro would be the best fit to meet all the needs and expectations I need to operate my retail business. MicroStrategy is, in my opinion, not as convenient a fit for my establishment and nature of my multiple revenue types because the products mobile capabilities is not a feature I consider important, if at all, when choosing a POS retail tracking system and it working efficiently for its project matching the structure of my business operatio ns.I would use a POS retail tracking system upon business start-up because starting my POS system as the business grows will be a positive action that will get results for the conclusion of the tracking system benefits. As my business grows, doing business without a tracking system in place would be a sure failure. confederacy websites included inside this report http//www. retailpro. com/ http//www. microstrategy. com/