Retails

What is an ERP

ERP (Enterprise Resource Planning) systems are software programmes that combine all of an organization's data and associated operations. Large retail firms now compete using ERP software, which was created to make it easier to optimize internal business operations across an enterprise.

Using a single database, an ERP system enables the communication between many departments. Order Entry, Accounts Payable, Accounts Receivable, Purchasing, and other modules are only a few examples of function-specific capabilities found in ERP systems. Packages for retail ERP software have an enterprise-wide scope and give the company cross-functional capabilities.

What is an ERP
What is an ERP
Why ERP for Retail Industry

The financial effects of a retail ERP system are very significant. A retail business can be made up of a tiny chain of stores that are only present in a single small town or it can be a huge global corporation with thousands of outlets spread out all over the world. Retail ERP software programmes assist retailers in managing their global operations more effectively.

ERP for retail provides a consistent information flow to assist merchants in managing their companies effectively and efficiently. It makes keeping track of all company transactions simple. Real-time transaction recording is made possible by retail ERP systems. They have evolved into a crucial tool for the retail industry's survival and growth.

We Help Distributors Like You With The Following Challenges
Solution-centric Approach

Inefficiencies Due to Lack of Inventory Tracking

Customer-focused Mindset

Inability to Grow Without Integration With Your Customers and Suppliers

Business Process Expertise

Admin Overhead and Penalties Due to Lack of Compliance

Zero-waste policy
Inefficient Warehouse Processes
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Lack of Automation of Shop Floor Processes
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No Real-Time Insight Due to Disconnected Processes

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Cash Flow Issues Due to Manual Material Requirement Planning (MRP)

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Inefficient Production Management and Scheduling

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Lack of Real-Time Information for Planning

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Control Issues Due to Disconnected Sites

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ERP for Retail Industry

A good retail ERP consistently produces a high return on investment. This online retail solution, which was created with adaptive, extensive, and trustworthy qualities in mind, is implemented within enterprises as a long-term strategic asset. Additionally, the solution converts the fundamental needs of a retail organization into a useful application that synergistically works with the stock and inventory management processes.

There are a lot of moving parts in retail businesses, and it can be challenging to manage every single aspect. The best cloud ERP for medium-sized businesses provides a solution that allows you to better control workflows and data, enabling you to improve your processes, make better business decisions, and scale your organization.

Benefits of ERP for Retail Companies

A software program called a retail ERP system assists store owners in automating and streamlining their business processes. You may manage your firm more effectively and efficiently by combining multiple departments and tasks.

The essential business functions of finance, human resources, inventories, manufacturing, business analytics, employee management, data security, etc. are all included in a standard ERP retail package. However, retail ERPs are created with characteristics that are customized to the most vital needs of that particular industry. Retail-specific ERP solutions are much more narrowly focused, in contrast to typical ERP software, which has several widely available modules.

  • Enhances Customer Management
  • Simplifies Inventory Upkeep
  • Offers Real-Time Information
  • Centralization
  • Enhance Operational Efficiency
  • Effortless Pricing and Discount Management
  • Inventory management
  • Customer management
Features of Proton's Retail ERP

Regardless of the size of the company, enterprise resource planning (ERP) is now a must for the retail sector. For brands to survive and stay up with shifting consumer demands and escalating competition, ERP solutions have become essential. ERP for the retail sector includes all-encompassing capabilities that connect all the channels that give customers an omnichannel experience, automating the navigation and making it simple and seamless.

ERP CSI Features

Estimating

  • Quoting and cost analysis
  • What-If scheduling and planning

Shipping Management

  • Picking and Packing lists
  • Delivery Orders
  • Goods Received Notices
  • UPS/FedEx Integration
  • Shipment of non-inventory items

Master Data Management

  • Engineering Change Notices
  • Revision Control
  • Revision History
  • Multi-level BOM
  • Phantom items
  • Non-inventory items

Customer Relationship Management (CRM)

  • Pipeline Management
  • Outlook integration
  • Competitor Tracking
  • Sales Campaigns
  • Sales Commission Management
  • Pricing and Discount Management
  • Customer Management
  • Customer 360 Degree Views

Project Management

  • Full integration with manufacturing, purchasing, inventory, and finance
  • Revenue recognition by milestones
  • Invoice milestone billing
  • Retention invoices
  • Work Breakdown structures
  • Labor and expense reporting

Material Planning

  • Classic MRP or Infinite Advanced Planning
  • Net change or regenerative MRP
  • Master Production Scheduling
  • Demand dependency
  • Planning and Forecasting by Warehouse
  • Planning BOMs
  • Customer-Specific Forecasts
  • What-If planning scenarios

Customer Order Entry Management

  • Centralized or Decentralized Order Entry
  • Return Material Authorizations (RMA)
  • Drop Shipping
  • Regular/Blanket Orders
  • Kit orders
  • Ship Early/Partial processing
  • Available to promise
  • Progressive billings
  • onsolidated invoicing
  • DIFOT Reporting
  • Promotion pricing and rebates

Inventory Management

  • Safety Stock, Reorder Points, Order Min/Max
  • Multiple Warehouses
  • Location tracking
  • Lot/serial control
  • Pre-assignment of Lot/Serial Numbers
  • Container Inventory
  • Dimensional Inventory
  • Consignment Inventory
  • Manufacturer’s Item Number
  • Physical inventory
  • Cycle counting
  • Compliance Tracking

Purchasing/Receiving

  • Safety Stock, Reorder Points, Order Min/Max
  • Multiple Warehouses
  • Location tracking
  • Lot/serial control
  • Pre-assignment of Lot/Serial Numbers
  • Container Inventory
  • Dimensional Inventory
  • Consignment Inventory
  • Manufacturer’s Item Number
  • Physical inventory
  • Cycle counting
  • Compliance Tracking
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