Key attributes to bear in mind when creating a retail ERP vendor shortlist
The difference between traditional ERP, typically understood as a manufacturing or production platform; versus ‘retail ERP’, encompasses not only back but front-office processes, creates a host of complex challenges. This is particularly true when users find themselves faced with a product selection round.
Consequently, we thought we’d offer a couple of features to help potential users find the right retail ERP for them.
Modular retail ERP systems typically include the following components: point of sale, inventory management, customer management, advertising/marketing, accounting (usually integrated with GL), purchase order, and payroll processing, in addition to various inventory/warehouse modules.
In today’s retail environment, however, these components are usually enhanced by intrinsic utilities associated with mobility and extended web mechanisms supported by active and passive social network capabilities. These are complemented by the introduction of various hardware systems including digital cash registers, NFC, mobile-adept smart terminals, and other affiliated systems.
Consequently, this deep matrix of operational and managerial processes calls for a large volume of standardized mechanisms that create, manipulate, and store end-to-end sales products. While on-premise or hybrid systems do offer operational value, in order to leverage maximum business power, cloud-based systems offer the greatest opportunity.
This is largely due to the ability to integrate multiple modules within a singular network fabric. For example the introduction of a retail ERP platform within the Amazon Web Services (AWS) network, offers a host of intrinsic utilities that enhance the overall system infrastructure including; auto scripting, automated updating, active monitoring, and extended user reporting, along with powerful processing and deep security. Together the network framework and the operating system, collaborate technically in order to create a more powerful performance value than before.
2. Ability to scale up with demand
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