With Tag tracking everything is taken care of. Every merchandise purchased has a new Tag number generated. This Tag number is Alpha Numeric and is mapped to the date of purchase , Supplier , cost , selling price , and details like brand , size etc .
By using the above said process , the merchandize is reflected in stocks and the payments are reflected in the account statement , making the operation fool proof .
Customer type of pricing can be give to different types of customer , which can be classified into different groups like , high value customer , corporate customer ,credit customer , Relatives , Employees , Sodexo customers . Different types of pricing can be fixed for these groups, which in turn can be mapped to each customer.
Credit and Sodexo customers can be billed at MRP of all the products, where as the Employees of the store will get the best prices for all the products. There can be Cap on the purchase value of the Employees, to protect the interest of the Store
Auto Pricing Purchase:
Most retailer have a fixed markup value that they apply to different products. By doing so , they don’t have to price separately . For most retailers, this would time consuming in way that makes it unfeasible and that’s why mark up pricing technique is so popular
Markup Pricing: The markup on cost can be calculated by adding a preset, often industry standard, profit margin percentage to the cost of the merchandise. This percentage can be fixed from the basic cost or the net cost. The markup can be a single percentage for all the merchandise supplied from a Vendor or multiple percentage for multiple merchandise .
Unlike any other retail , where salesman commission is a percentage of your profit or it’s a flat amount that is fixed , Apparel and Textiles needs to have more complex yet easy to fix and monitor. Commissions can be fixed based on merchandize, as there can be various merchandize sold by different salesman . Additional incentives can be fixed for aging and non moving stocks .
Hourly sales reports can suggest which category merchandize, sells more at a particular time and salesman can be shifted to these particular counters .
Each report is unique, it gives you comprehensive details of the stock purchased from the respective vendor for a period, the sale pertaining to that purchase and the stock on the shelf. Analyzing these reports will give you insights of what stock to keep, what to purchase and what to do away, and thus keep you store in good health.
Discount – Percentage or Flat amount
Discount in terms of Percentage or Flat amount on the bill value of a particular amount . ( 10 % on bill value of 3000/- Rs ) . This can be fixed for a period , or specific days in a week , or time ( Happy Hours )
Buy one get one ( BOGO) free . This can be applied in many ways – Buy 2 and get the 3rd one free . The lowest price is taken as free . Buy 2 and get X% off . Buy X and get Y free .
Discount on Tag numbers
Discount can be applied on specific tag numbers of the merchandise. The discount can be applied till stocks are available.
- Accounts is integrated with other modules (sales, purchase) for smooth operations
- Multi-level chart of accounts with general ledger, sub-ledger and cost center
- Stores petty expense tracking
- Authorizations for transactions
- Post-dated cheque tracking and cheque printing
- Complete reporting – Trial Balance , Balance sheet , P & L
The advantage of this approach is , by changing the permission of a particular group it will effect all the users linked to that particular Group.
Some of the User defined Access :
- Bill Void / cancel
- Clear Screen
- Goods Return and Refund
- Price Editing
- Price Editing
Set your own exchange rate per redemption point
Option to disable points for products that are already on sale
SMS broadcasting of Loyalty Points to your customer
Once you have insights of each departments , it would help him make smart purchases and payment commitments to vendors
The solution is simple: text message marketing. By sending mobile coupons, text alerts, and SMS sweepstakes, you can increase customer loyalty, drive customer traffic on demand, and bring in more revenue.
Retail businesses are in a great position to benefit from text message marketing. Customer loyalty programs, Promotions ,Discounts ,Birthday wishes , Anniversary wishes and so on .