Retail Information System - 5005 Words

Chapter 12 Retail Information Systems Retail Information Systems WHAT YOU W ILL LEARN  § What system modules and functions you should look for in purchasing a new retail system. Names, phone numbers and web site addresses for some of the best Canadian distributors of retail system software. What you can expect to pay for a state-of-the-art retail information system. How to perform â€Å"reference checks† when evaluating a retail system you are considering. Why leasing computer software and equipment makes sense. How to calculate the â€Å"Return on Investment† when considering a system upgrade.  §  §  §  §  § It has been said that not having a good, reliable retail information The computer is an invaluable tool in processing†¦show more content†¦Purchase Order Module This critical area should be examined closely to ensure it handles all of the specific functions for your type of store. If they are relevant to your operation, check to see if it has the following: †¢ †¢ †¢ †¢ †¢ †¢ Size colour matrix. Landed cost calculations. Back order tracking. Staggered shipping dates. Pre-distribution capabilities. Sale pricing. 3 Chapter 12 Retail Information Systems As well, see how â€Å"user friendly† your potential system is by entering a purchase order and receiving merchandise against it. à ¼ Tip Interfacing capabilities with a third party report writer gives you more flexibility in seeing the data you want in the format you require. Merchandising and Inventory Management Merchandising and inventory management are a series of printed and on-screen reports that provide the tools to make timely decisions. Most syst ems come with plenty of â€Å"canned† reports. The challenge is to find â€Å"summary† reports that offer management top-level information, highlighting both problem and opportunity areas. Once an area is identified, drill-down capabilities will allow you to generate additional detailed reports with the specific information necessary to act. For example, a high level report on store sales and gross margins by department will usually prompt further questions such as â€Å"Why is the margin at this store so low? What are theShow MoreRelatedBusiness Information Systems Of The Drugstore Retail Industry1410 Words   |  6 PagesThe Drugstore retail industry is a $31.4 Billion industry across Canada and continues to grow steadily (Industry Canada, 2015). There are many competitors in the drugstore retail market in Canada both small and large. With the entrance of large American companies such as Walmart and even their very own parent company Loblaw’s, Shoppers has been forced to be at the top of their game to stay ahead in the drug retail market. The implementation of a produce section in select locations across Canada isRead MoreManagement Information System - Retail Sector2298 Words   |  10 Pagesor drivers like society conformation, technology innovation and market competition. These three forces describe by Boyett and Boyett, (1995) catalyzed an organization to initiate goodwill responses, improve their technological platform and invent systems to automate their operational processes. These are efforts contributed to retain their competitive edge thus preserving their existence. 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In this paper, we analyze Amazon’s application of the five component model, how employees use non-routine cognitive skillsRead MoreCase Analysis : Vermont Teddy Bear Essay1272 Words   |  6 PagesExecutive summary This paper consists of a case study of problems related to information and Technology in Vermont Teddy Bear (VTB). Vermont Teddy Bear was founded in 1981 by John Sarinto. John used to sell teddy bears by moving from one place to another carry them on his cart (Thomas, Wheelen Hunger, 2006). The work was tiresome and he faced a stiff competition from other business people who were also selling teddy bears. During his start of the business, he discovered how the American culture