5 Reasons Why it is Important to Use an Inventory Management System

Inventory management simplifies the way in which the inventory i.e. the various items that are stored & transported to be sold in the outlets are managed and kept track of. It helps keep track of goods throughout the supply chain until it is sold remove headache and manual labor substantially in its path. The various means through which a good inventory management system will enhance your business value and your ROI are

1. Supply Chain Visibility:

Inventory management software has the ability to store information on every item and for every point of their journey. Therefore it provides complete visibility over the complete inbound and outbound flow of products with the ability to provide further information regarding its status and location if needed.

2. Quality Management:

In the case of perishable items, extra care needs to be taken as they have a quick expiry period. But unforeseen events such as delayed shipping, broken packages and fill lags can occur which may throw schedules out of sync. Inventory management system help you identify these undesirable results and provide an effective workaround, and also help you understand and reduce the probability of such instances happening in the future.

3. Functional Decisions:

Inventory management billing software help you make key functional decisions based on analytics and data insights. It helps you keep your warehouses at optimal storage efficiency and also acquire more warehouses if need be, near key customers and successful retail outlets that may further expand performance as well.

4. Cost Management:

They can also help you increase your margin by identifying the most moving products and the least moving ones. This helps you get rid of or minimize the stock of non-moving items in your next shipment and thus enhance the efficiency by improving the usage of your shelf space.

5. Enhanced Customer Service:

Inventory management systems help you enhance your customer service by improving the overall performance of the business through processes such as reduced time for inventory replenishment, shipment processing and dedicated CRM modules. All of these without reducing quality and quantity. 

6. Scale:

Current inventory management systems are designed to expand and keep pace right with your business, but the expansion is only in terms of software and not hardware. No matter how many retail outlets or new warehouses are added to the business, present day inventory management systems are designed to gather the relevant data, work in sync with other in-built modules and provide you with an easy management experience as if it was just one outlet or warehouse.

Businesses used to shy away from using inventory management software as they were cumbersome and didn’t provide as many features as they do now. They were generally not worth the effort. But now, technology has advanced and the systems are much more powerful than before, being able to handle all aspects of the business chain even with legacy systems. They simplify your complicated processes and also help you gain long term benefits and better ROI on your business.

Why should you get a Retail Mass Restaurant Billing Software?

Retail Mass Restaurant Billing Software is quick to implement, easy to learn and smooth in operation which reduces the long standing queues of the customer so that their orders are placed faster and faster billing can be done.

For a Restaurant industry the biggest challenge is to manage the order entry, recipe costing, tracking & documentation of perishable inventory. Software for restaurant billing allows you to easily make adjustment of different menus & prices with respect to different time.

Retail Mass has solved the problem of restaurant industry by developing its Restaurant Software which ensures easy maintenance of different menus with different price list at different time of the day. The software has made billing easier by providing different modes of payments (cash & credit cards). With Retail Mass Restaurant Billing Software you can set operator wise foundations which can help in proper maintenance of finance & budget as well as resist any type of fraud.

GST Compliant: We send GST compliant invoices, generate financial reports, do tax calculations, and help you file your GST returns without any hassles.

Easy Implementation: Download Retail Mass Restaurant POS Billing Software and start billing in minutes or fill below form, and start managing your inventory accounts immediately. Our team will help you in implementation no matters where you are. Our 500+ tutorial videos, updated manual and a team of 250+ customer care executives are ready to make your implementation success.

Customizable: Retail Mass Restaurant is trade specialized solution, automates your business workflows as per your need with own beautiful invoices, with our 250+ software configuration lets you build layers of functionality to support the most unique business models

Collaborative: Retail Mass allows you to collaborate with your supplier, you can send orders to you supplier, get invoices from our server and colleagues without additional user fees.

Customer - Driven Features of Retail Mass: Retail Mass assists every businessman with its impressive features which gives him 100% control over his business with flexibility, self-customization options and time to time innovation & advancements.

Business Booster: Retail Mass can reward your business in endless ways and gives your business an advantage to stay on top; above the competition in the market. Improve the performance of your business by taking the maximum benefit out of Marg business boosters.

Why Your Retail Business Require Smart POS Billing Software?

First of all, the POS environment has changed from requiring sizable investments on hardware to current cloud POS platforms that can work or connect with your current hardware POS Billing Software, and offered at SMB-friendly prices. In additional words, it has come to be an affordable business solution. Second, it provides immense value with so many benefits you gain from a POS Billing System. And third, it meets the increasing use of mobile technology through mobile POS especially now that more people are shopping, banking, and making payments using their mobile devices.

Retail Mass 4 is a cloud-based point-of-sale and retail management platform that lets you effortlessly sell, manage, report, and grow your retail business. Retail Mass offers a POS Billing Software, multi-outlet retail capability, and an inventory management system, allowing you to run your business whether online, in-store. Retail Mass Billing Software is designed to work on iPad for added flexibility aside from Mac and PC, and supports mouse, keyboard, and touchscreen systems. With core functionalities built around inventory management, e-commerce, analytics, and customer loyalty, it helps you boost product management as well as track and organize customer data.

Suitable for use a wide range of business types like electronics, health and beauty, food and drink, toys and hobbies, jewelry and others, the solution provides high customization that lets you modify the system for your specific operation. It is able to work with existing business systems, equipment and hardware including bar-code scanners, receipt printers and cash drawers. It is manageable and easy-to-use, primarily requiring only a web browser on any device.

What is unique about Retail Mass?

Web-based and iPad POS can connect and work on iPad, Mac or PC and syncs in the cloud so you can use one platform. If internet disconnection is no problem as you can continue with your selling operation with the system automatically resyncing your sales when you get back online.

Completely customizable online store in minutes and have your products online with just one click. No technical or web expertise is needed. Retail Mass POS Billing Software multi-task management. You can use an array of tools to manage inventory, cash, orders, central product catalog, pricing and promotions, reports and dashboards, and customer information.

Tips to Leverage your Business by Improvising your Billing System

The current business ecosystem today is fast changing and as a business owner, you must adapt to survive these changes. One of the most changes is the impact of the online market. If your business is not leveraging the growing business internet market, you are missing out big time. Present days, to survive in the highly competitive online market, you must provide a seamless shopping experience. One way of doing this is implementing a system which allows you to take payments in online. A digital payment option helps you to unlock your business potential in various ways.

Leverage billing data for better service delivery:

Data is one of the major assets that any business can invest in today. Now that you have a self-service portal on your billing software system, you can collect valuable data which will help to create memorable customer experiences. You can check customers’ preferences, offer custom content on email marketing, contact a specific customer to follow up on any changes in their service portal and so much more. There are many other ways your GST billing system can improve customer retention levels for your business. It is a continuous platform to build an engaging relationship with your customers, improve the user experience, provide a personalized experience, and offer payment convenience. With a well-planned payment system on your online store, you are already on the right path in your customer retention journey.

Provide flexible payment options:

The current shopper wants a variety of choices in everything and when it comes to online payments, your billing system must offer convenience. It is no wonder then that a recent YouGov survey published on the Retail Billing Software Technology Review says 50% of shoppers cancel a purchase if their preferred payment method is unavailable on a site. Simply put, your billing software system must accommodate multiple payments to avoid customer churn.

Increase Profitability:

If you can agree for multiple credit cards, mobile money, and other digital payment options, you will make customers happy which in turn leads to increased sales and profitability. Potential client or customer will find it easy to complete orders which will, in turn, improve your brand’s reputation.