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Integrative can help Improve your Business’ Profitability by Harnessing Full Retail MMS Functionalities
Worries about the limited scalability of your retail MMS?
Agitation to increase your annual revenue from a mere 5% to 35%?
Tenacity to cost-efficiently optimize inventory and supply chain management operations?
Fear of losing that competitive edge due to a lack of extensive technical support?
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Retail Merchandise Management System is conceivably the most robust, cost-effective, and reliable ERP solution in the history of retail software. Adopted by hundreds and thousands of retailers worldwide, retail MMS is a highly scalable and reliable solution. It allows enterprises to operate with a lean IT staff and supports the industry best practices of an omnichannel retailer.
Data from product information management, purchasing/vendor cost, receiving and transfers, regular and promotional pricing, store sales/transaction audit, and e-commerce order fulfillment all flows to a sales and inventory data cube for business analysis.
Accounts Payable and a General Ledger / Stock Ledger that can manage the retail method of accounting complete the solution, providing retailers the tools they need to increase sales and profit margins, ensure inventory accuracy, and streamline business processes across the enterprise.
In our 20 years of experience in Retail MMS implementation, enhancement, and support services, we have seen a lot of retailers struggle at scaling their operations.
When you are planning to scale up, you realize that you need to strengthen your technology to handle the increasing load.
Integrative ensures that you get access to the latest retail MMS resources in the current know-how. And, to help you make the most out of these resources you leverage Integrative’s years of domain knowledge and best-in-class technical expertise.
Our Retail MMS experts also offer add-on solutions that can easily be integrated with your existing system to maximize operational efficiency & boost ROI for both your brick-and-mortar and eCommerce needs.
Shorten timelines and improve quality for your retail MMS enhancement and integration projects.
Our team analyzes your business needs and then recommends and helps you implement the optimal retail MMS solution.
Integration with other point solutions like Business Intelligence, Merchandise Planning, Warehouse Management, and Financials depends on the stability and scalability of the merchandise management system. To drive performance, retailers need a robust, proven merchandise management system like retail MMS.
As the retailing landscape changes with shifting to online sales channels and customers demanding stock position and product information in real-time, retail executives are pushing technology teams to enhance systems to execute new business strategies.
If you need help enhancing or modernizing your merchandise management system, you can rely on Integrative Systems and our team of retail consultants with broad experience implementing and modifying retail MMS.
Having the right Product in the right Place at the right Price and with the right Promotion are the famous “Four P’s” of retail. Leveraging your merchandising system to manage inventory is your path to higher sales, fewer markdowns / improved margins, and ultimately greater profit.
Monitor sales and weeks of supply, track fast and slow moving items, and maintain the lowest inventory investment while sustaining brick & mortar and ecommerce service levels, by aligning supply with consumer demand.
Having the right Product in the right Place at the right Price and with the right Promotion are the famous “Four P’s” of retail.
Leveraging your merchandising system to manage inventory is your path to higher sales, fewer markdowns / improved margins, and ultimately greater profit. Monitor sales and weeks of supply, track fast and slow moving items, and maintain the lowest inventory investment while sustaining brick & mortar and ecommerce service levels, by aligning supply with consumer demand.
By unlocking critical insights in the wealth of data collected by retailers for brick & mortar and ecommerce customers and sales, Business Intelligence and Advanced Analytics continue to drive improved financial performance.
The integrated add-on Data Warehouse module retail IDEAS for retail MMS provides “one version of the truth”, and allows merchants to make data-driven decisions to optimize inventory buildup for promotions, improve customer conversion, revamp store layouts, and schedule staff based on store traffic patterns.
Allow merchants to focus on trends in sales, inventory, and customers to improve sales and margin with enhancements to your retail MMS analytics made by our retail experts.
Retail MMS provides a fully functional buyers toolkit for managing the purchase, distribution, and financial accounting of product, including color/size data entry for styles, bulk and pre-distributed PO’s, multi-drop (store drop ship) PO’s, landed cost factors, allowances, and rebate management.
Retail MMS Inventory Management is a major strength of the system. Transaction types are user defined, including impact on sales and inventory unit perpetual and G/L accounts. Physical inventory, cycle counts, transaction adjustments, and an audit trail ensure accuracy for merchants and display on the web.
Retail MMS provides several forecasting algorithms, methods for determining safety stock and model stock, and optimal economic order quantity rules to send replenishment orders to the Purchase Order Management module automatically.
Retail MMS equips retailers’ Accounting teams with a sophisticated daily store audit module that confirms that daily totals match transaction detail, thus ensuring accurate feeds to Sales History, Inventory, G/L and external credit card processors and banks. Tender reconciliation to store totals, with over / short analysis is also performed.
Retail MMS allows retailers to set regular original and markdown prices by store and price zones (including separate prices for ecom) and track markdowns for retail inventory valuation. Promo price management includes comprehensive item selection and promo pricing methods.
Retail MMS offers an integrated add-on module (SODA – Sales Order Desk Application) that integrates with the retailer’s ecommerce system to facilitate order picking, pick confirmation / tendering, and web channel sales feeds to G/L for both warehouse and store order fulfillment.
Retail MMS provides an integrated solution for batch automated matching of invoices to Purchase Orders / Receipts, configurable by vendor for matching tolerance and payment terms.
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