AM8ZE Retail Management ERP

In an industry with traditionally tight margins, getting the right product to the right place at the right time in the right quantity is critical. With many different product lines, increasing inventory, and evolving compliance regulations to juggle in addition to disruptions to the market, a reliable and comprehensive Retail Management ERP solution to help retailers streamline inventory, operational and supply chain management. ERP technologies also help with warehouse to customer traceability, documentation and quality monitoring.

With increased and improved digital adoption, all the back-breaking processes within the business can be handled easily. AM8ZE Retail Management ERP goes beyond hopping onto delivery platforms, having a simple website and a decent POS. Full fledged Digital Automation – starts with payment transactions auto-synced with automated inventory draw-down with supplier POs auto-drawn-up and reconciled with AP and AR in the Accounting system. Newly added purchases are also added to Customer Demographics to train the system on Predictive Buying Behaviour Analytics to make Marketing Campaigns smarter and more effective. Through Intelligent Automation, we are referring to automating the entire business operations  and creating a Digital Workforce that works in the background – seamlessly and tirelessly yet without human prompts and errors. Think of a Digital Marketing-optimised Web Portal that facilitates online orders and bookings, QR menus, Customer Database Management, Inventory Management, Sales Management, Predictive Analytics on Buying Behaviour to auto-synchronization of datasets across Finance, Sales, HR and Operations functions. Hyperautomation – harnessing the Intelligent Automation to Boost Business, Reduce Wastage and Maximise Profits at the same time ensuring that your Customers stay Loyal and engaged. How much resources would be required to achieve all these with the traditional modus operandi? AM8ZE Retail Management ERP has the key to unlock all these benefits at a fraction of what would cost retailers traditionally. What’s more, resources could be better deployed to engage in higher value-add tasks including R&D, pivoting of business to leverage on key trends and shifts, exploring new markets and rolling out of new product variants.

 

Key Consideration Parameters in your search for a Retail Management ERP:

1. Create a clear and extensive list of requirements before you start looking for ERP vendors

 A good evaluation begins by assessing your current business needs and processes to determine what you need from an ERP solution. It’s useful to start by evaluating the business challenges and individual pain points you need to address as well as determine the business value your company needs to retrieve from the software.

Although this process may take some time, especially for large companies or companies with complex processes, it is an important step and success factor. There is never a perfect strategy that companies can use when it comes to implementing Digital Transformation, whether you are going for Productivity Solutions Grant (PSG) or Enterprise Development Grant (EDG). There is much change to be anticipated – processes are changed from physical to remote, from analogue to digital, from industrial to internet, from on-premise hosting to cloud hosting. It demands new behaviours, new cultures, new structures and new SOPs. We strongly encourage organisations to invest sufficient time, energy and resources to map out the processes and highlight the changes and iterations to the rest of their teams so that the new digital DNA can be shaped and honed successfully.

2. It is not just about PRICE – look between the fine lines

Business leaders should not choose an ERP solution based solely on the cheap price. Of course, the cost is one of the main factors, but cheap systems usually lead to more issues down the road, including the inability to change to meet new demands, or difficulty retrieving data or facing challenges with maintenance once the provider goes out of business. This is pretty apparent in Singapore where a significant number of technology solutions providers wind up their business once a certain grant support from the government is lifted off the market. The reverse may happen when bigger brands start slapping on exorbitant maintenance and enhancement charges once the timeframe for a grant-supported solution (usually for much lighter and cheaper versions of their standard packages) runs out and businesses find themselves stuck in a catch 22 situation.

Businesses should also consider whether the ERP solution can be integrated with other systems or tools as well. Companies that follow these cautious steps are likely to end up investing in an ERP technology that best suits their overall needs.

Try to get to know the team lead from the vendor’s team – getting him/her to fully understand your problem statements and requirements is one of the critical steps towards a smoother development and implementation of the system which you will appreciate in time to come.

3. Look for an ERP system that offers high mobility

Since mobility and the concept of ‘bring your own devices (BYOD)’ increases across industries, accessing ERP systems from desktops alone is no longer an option. Choose an ERP solution that “enables users to be productive on smartphones and tablets”, while at the same time ensuring that all-important information is safe. Make sure the Retail Management ERP provider is keeping up with the latest trends in technology and is inclusive enough to integrate with 3rd party apps and systems. Ask the vendor about the integration tools or APIs available to link with POS and/or other existing systems to minimise wastage of prior investments on systems and apps. Handshakes among friends extends to systems as well!

4. Look for Detailed Predictive Analytics, Forecasting, Dashboards and Reports:

To record figures on your fingertips is quite critical and next to impossible. As a result, the Retail Management ERP you choose must offer 24/7 on-premise as well as remote access to key information as and when required. Right from customer data to detailed reports and analytics, a single source of truth across different business functions is key to better forecasting and budgeting efforts.

 

AM8ZE Retail Management ERP:

Key Modules

• Web Portal
  • Admin Portal
  • Client Portal
• POS
• Related Product Suggestions
• Sales Management
• Customer Database Management
• Procurement Management
• Inventory Management – including Inventory Transfers
• SKU Management
• Batch/item production consolidation (grouping similar items into one production window)
• Barcoding Management
• Sales Forecasting and Budgeting
• Marketing Campaign Management
• Loyalty Program Management
• Management Dashboards and Reporting
• Data Visualisation
• Finance Management
• HR Management
• Mobile Optimisation and Enablement

Please schedule a demo with us at sales@am8ze.com.