Feature
A Look at Retail Pro:
Turn Your Average Profit Centers Into Shining Stars
By C.L. Ross
Choosing a retail point of sale software system can be a daunting task, whether you are changing from a cash register or upgrading your
technology to a better POS system.
Kenco Retail Shops (Famous Brands) started with its first store using cash registers and eye-balling the inventory.
After several years, they had grown to a level where they could no longer keep up.
Kenco now has 12 stores and uses Retail Pro for their POS and inventory
control system. One of the immediate benefits of the system was the capability of generating instant reports, enabling the owner to respond
quickly to merchandising demands.
Retail Pro's basic reports provide insight into all aspects of a retail business. Each inventory and sales function generates
information that the program will use to build the reports you want to see.
Because the company was able to distribute their merchandise more efficiently, they ended the era of "step-children" (merchandise left
unnoticed) in their company.
Though retailers have great instincts for what people want to buy, too often they have to make important management decisions without
sufficient information. Retail Pro takes the guesswork out of merchandise distribution and can become an effective tool to increase
sell-through and prevent markdowns. These replenishment reports give retailers a competitive edge to stay ahead of the game.
Reports were also used to view statistics of the company. Their most useful tool in Retail Pro was the profit and loss program.
Advanced reports organize information your way. Retail businesses can generate a tremendous amount of data during day-to-day
operations. Retailers need a powerful database platform, such as Retail Pro, to control and analyze it.
"Retail Pro is just like a dashboard in my car," says Sanchez. "I use it to monitor the vital statistics of my company on a
daily basis and it keeps me in complete control of my business."
Successful retailers use technology to accelerate information exchange. Inaccuracies and delays in exchanging information can be
frustrating and costly. Retail Pro provides a full multi-user capability on a variety of platforms. Computers within a store or
warehouse are networked for complete task and information sharing, allowing you to have information right at your fingertips.
"Since the installation of Retail Pro, stores that were average profit centers have now become shining stars, and those that were not
performing up to standards were eliminated," says Kenco owner Ken Sanchez.
The key goal for retailers is better sales forecasts and better inventory control. Therefore, knowing where your profits are coming from is
one way to make better business decisions overall.
Running reports give retailers a major advantage, and the information it provides will turn oversight into insight. A retailer needs to
use their POS system to evaluate the performance of merchandise, and be focused on having the right merchandise at the right place and at
the right time.
To review more of Retail Pro's features, click here. Contact One Step
Retail Solutions to see a free online LIVE demo of Retail Pro
