Retail management software provides retail store owners with a retail management system that enables the management of clients and customers, employees, financial operations, and inventory. Compare the best Retail Management software currently available using the table below.
Talk to one of our software experts for free. They will help you select the best software for your business.
Quant Retail s.r.o.
SMS Storetraffic
IT Retail
PDQ Signature Systems
Runit Systems
Nabadab
COMBASE USA
Odoo
When I Work
Dossier Systems
AppointmentPlus
Onfleet
Promena e-Sourcing Solutions
Algolia
7shifts
Mitsogo Inc
Pepperi
HelmBot
HungerRush
AIMS 360
OptiSigns
Mar-Kov Computer Systems
ResNexus
Solera, Inc
SPS Commerce
It’s an excellent time to be in retail, especially from a technology standpoint. A variety of point-of-sale (POS) systems have transformed into complete retail management systems. With the many features that are offered, it would make better sense to call today’s advanced POS system a “retail management system” instead.
When you’re looking for retail management software, what kinds of important features should you look for? What if you would like some additional options including cloud-based deployment or something for mobile devices like smartphones? There are a lot of decisions. This article below will be able to answer all of your questions so you will be able to make the decision that works best for your business.
It’s more important than ever to have retail software that does more than just receive payments from customers and act as a point of sale tool. Customers have a lot more buying options today than they did many years ago. In a retail market that’s increasingly competitive, you want tools that will not only help you anticipate but meet overall customer demand and be able to process transactions conveniently and easily.
Retail management software will help retailers answer a lot of very important challenges to their business including how relationships with suppliers can be managed to get better partnership and pricing terms, how products can be effectively managed to guarantee maximum profits, how administrative tasks can be improved and streamlined to lower the cost of overhead, how customer information can be tapped into and collected in order to build customer satisfaction, increase sales, and meet customer demands, and how the speed and convenience of purchase transactions be improved.
There are many important features that most retail management systems offer. While the scope and complexity of these features might vary between software programs, your retail management system should include five main features:
These features should be more than enough to get a business going if you are a single-store retailer.
If you’re a retail store with more than one physical location or have an online store, you might want to purchase some extra features for your retail management system:
A retail management system that’s properly implemented should help businesses be better able to manage inventory, efficiently direct employees, and drive more sales. We will outline some of these benefits below:
We’ll break down some of the most essential hardware you will need for your retail management system:
You will need to have all of this hardware if you’re planning to upgrade from a POS to a system with more features, so be sure that your existing hardware will be compatible with your new retail management system.
If this is your first time buying a system, you’ll need to purchase all of this hardware.
It can prove to be quite a challenge when you’re choosing a new retail management system. There are so many options and considerations to think about. We recently conducted a survey from some of our software buyers which uncovered many commonly-used tactics that helped them make a more informed decision on which system to buy.
You want to first research everything that’s currently available in the market. In terms of deployment models, prices, additional applications, and common features, you need to develop an understanding of what the market looks like. Be on the lookout for industry terms that you’ll want to understand when you start working with vendors. One good resource is to research software provider websites.
Next, you want to prioritize and define the needs of your business. What do you want your new system to accomplish? Make a list of some solutions that might work best for you, then compile some information together regarding what your current system is doing for you now. Ask managers to talk to employees about what they could do to make their jobs easier. Then create a document that can be shared with vendors to keep your conversation focused on specific requirements.
Finally, you want to evaluate some of your business solutions based on user reviews and demos. Researching retail software reviews is one of the best ways to evaluate and eliminate RMS systems. After you have shortlisted between three to five systems, you can give these systems a try to get a general overview of how different solutions work and be able to evaluate the functionality and usability of these systems.