Retail Chain & Network
Novosales is designed to address the business requirements of Retail Chain operation for organizations of all sizes. The solution enables you plan and deliver the items your customer wants.
By effectively anticipating demand and sales, you can increase margins and maximize sales for each product line. BUT JUST ACCURATE DATA IS INSUFFICIENT; Novosales provides you the right platform to put your plans into practice. You can build and analyze product assortments based on local customer preferences, and you then can profitably balance your cash – your inventory across locations. Resulting into a common planning and execution strategy between finance, merchandising, store operations, and your trading for common objectives.
Novosales includes preconfigured settings for functionality that supports the most important requirements of your Retail Chain Operations:
Customer Relationship & Loyalty Management (CRM) – All order and customer life cycle management helps establish a customer-centric approach that leads to satisfied and loyal customers, building the base for cross selling of products. Also build in is extended and advanced customer loyalty program for providing extra reason to customer to come and visit your store again.
Optimization of Sales Channel – Novosales planning tools delivers data from a single central source for all locations and provides you with the tools to make profitable decisions. You can create long-term, companywide, and channel-specific strategic plans using performance measuring parameters such as market share, sales growth, overall profitability targets and sales trends, to plan weekly sales and inventories by store to make the most profitable use of your inventory.
Integrated Warehouse and Supply Chain Management (SCM) – Preconfigured SCM supports the adaptive supply chain networks in which suppliers, manufacturers, distributors, and customers work together. Novoales.com supports your multi location operations with an option for centralized sourcing and distribution based on product consumptions on zone, area, season etc parameters.
Analyze and Identify New Profit Opportunities – Retail planning is all about forecasting sales and managing inventories balanced with the art of identifying the product your customers need. On one hand, you suffer from lost sales as a result of insufficient stock. On the other, your margins are squeezed if unsold product is marked down at the end of a season. Novosales provides you enough metrics on every level of the hierarchy, helping you to find the ideal balance between the two extremes.
With a pre-integrated, end-to-end working and planning system, you can reap the rewards of putting plans into practice. The results will be profitability and satisfied customers. For more details into specific of above processes and other related areas like procurement, procurement contracts, special customer discounting schemes, multiple price lists, financials etc, download and refer ‘Novosales.com for Retail Business’.
