Its inventory management system helps the retailers manage the quantity of inventory in hand, optimize the inventory levels, manage material movements, handle expiry and shelf-life, internal use and physical inventory changes, inventory valuation, purchase-to-order, and much more. It also supports various material management strategies, quality control, material requisition, returns management as well. Not to mention the real-time and accurate view it gives to the retailers into their stock, thus ensuring the quick replenishment of their top-selling items, as well as phasing out of low-selling products.
Material shortages or material excess, both are a big no-no for retailers to thrive. Thus, proper planning of materials is a basic necessity for them. BatchMaster with its efficient Planning module considers various sources of supply and demand to suggest how much, when and where is needed to meet the upcoming customer requirement. Planning is precisely done taking into account various lead times (vendor, QC, etc.), material in-hand, festive season demand, weekly holidays, etc. It then suggests the procurement plan, on a user-friendly dashboard, that can be directly converted to a Purchase Order with a single click.
This feature provides retailers with advanced pricing and discount management options, which results in uniformity, error-free work, and satisfied customers. The system also enables creating purchase and sales price lists and allows managing their different versions, supports promotion management and promotional pricing, real-time pricing updates to the counters, and special offers on categories, products etc.
This feature of the BatchMaster Retail Management Software enables the retailers to create any number of stores and warehouses and link them to each other or through a headquarter. It also supports stores to warehouses assignment for automatic sourcing, and dividing warehouses into zones and locators for handling the materials management, thus improving their overall warehouse efficiency.
Vendor & purchase
With BatchMaster Retail Management Software, retailers can define rules for procurement, supplier setups for same products on the basis of regions, and either auto generate or manually generate a requisition. It also allows them to create purchase approvals across different levels and manage multiple purchase price lists. In addition, retailers can generate purchase order based on requirements, match PO to receipts and invoice, and have a clear view of their vendor relationship history. The material received can be tested for quality before adding them to the warehouse.
Sales & analytics
BatchMaster Retail Management Software’s dashboard of sales, and orders provides real-time retail analytics and reporting, which facilitates sound decision making on matters related to sales forecast, targets, discounts, product pricing etc. The retailers can create custom reports that can be exported for further analysis, which can be used by different departments. Also, sales reporting & analytics functionality captures and analyzes their store’s sales data, thus allowing them to identify the top money-making products, and focus resources on them.