RETAIL INVENTORY MANAGEMENT SOFTWARE FOR SMALL BUSINESS | Online Inventory for Restaurants&eCommerce
RETAIL INVENTORY MANAGEMENT SOFTWARE FOR SMALL BUSINESS | Online Inventory for Restaurants&eCommerce
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In this video we have explained:
1. What is Retail Business?
2. What does it mean by Retail Business Management?
3. Inventory Management in Retailing
4. Importance of Inventory Management in Retail
5. Various Retail Areas
6. Types Of Inventory Every Retailer Should Know
7. Top 10 Retail Inventory Softwares
8. Benefits of Using Inventory Management Software
9. Retail inventory management software for small business
10. Best Inventory Management Software for eCommerce
11. Inventory Management Software for Restaurants
and finally our conclusion.
What is Retail Business?
Retail refers to the sale of goods or services by individuals or businesses to the end user(s). Retailers buy goods from wholesalers, manufacturers, or other retailers and then sell them to consumers for a profit. In other words, Retail is the direct sale of goods and services to the end consumer.
What is Business Retail Management?
Retail Management refers to the techniques that sales professionals use to make customer transactions easier and more enjoyable. In this role, leaders oversee business operations at all levels, from managing people to creating solutions for compliance, support and marketing needs.
Inventory Management in Retailing
1. Decreases Inventory Costs
2. Minimises Out-of-Stocks
3. Improves Profit Margins
4. Improves Multi-Channel and Omnichannel Performance and Order Fulfilment
5. Simplifies Processes and Facilitates Growth
6. Eases Supply Chain Management
7. Improves Customers Satisfaction
8. Improves Forecasting.
Various Retail Areas:
1. Offline
2. Online
3. Multichannel
4. Omnichannel
Top 10 Retail Inventory Softwares
1. NetSuite
2. ZoHo Inventory
3. Oracle Fusion Cloud SCM
4. Cin7
5. inFlow Inventory
6. Shopify
7. Sortly
8. Lightspeed Retail
9. Brightpearl
10. FreshBooks
Benefits Of Using Inventory Management Software
1. Reduced Cost and Increased Productivity
2. Better Order Fulfilment
3. Significant savings from stock control
4. Better business negotiations
5. Enhanced visibility
6. Improved decision making
7. Improved customer experience
*Inventory Management Softwares for Small Buisness*
1. ZoHo Inventory
2. inFlow Inventory
3. Truck
4. QuickBooks Commerce
5. Veeqo
Best Inventory Management Softwares for Restaurants
1. Upserve
2. Lavu
3. MarketMan
4. Toast
5. TouchBistro P O S