Career in Retail Management

The retail industry is one of the fastest emerging sectors of India. Comprising of around 14-15 percent of the total GDP, the retail sector in India is one of the top five retail markets in the world. It is estimated to be around US $ 450billion. Management is a field with diverse functions. Retail Management is one such promising and highly lucrative career option.

There are approximately 4.3 million retail outlets across the country which requires almost 3.25 million employees currently. Thus, it is evident that the job opportunities in this sector are limitless. Retail sector is an emerging market which is vibrant enough to attract a lot of employers and thus provide tremendous opportunities.

This huge growth and expansion of the retail industry will result in the creation of huge demand for professionals. Some of the most promising career options in this field are:

– Store Manager:

A Store Manager is also called the General Manager and Store Director is a person who is responsible for managing the daily operations of a store.

– Sales:

It is the entry level post in the retail industry. But this is one of the most important posts in the sense that sales define the success of a retail store.

– Retail Manager:

It’s the function of a retail manager to coordinate the work of a retail outlet. The major responsibilities of a retail manager are managing the store layout, layout of the merchandise, managing supply etc.

– Visual Merchandizer:

They are those people who give life to the brand. They provide an identity to the product by giving it a face. These people can be a technical designer, product developer and store developer.

– Retail Buyer’s and Merchandisers:

They are responsible for maintaining the right stock of goods in the store outlet. They have to understand the needs of the customers and thus need to be aware of the latest trends of the market.

With such wide varieties of career options, Retail Management is one of the most sought after career options. It offers wide varieties of job opportunities in the supply chains, retail houses and export companies. Retail jobs are available in various departments like retail store operations, customer marketing, category management and retail management. These are some of the most important concepts which have to be understood by any candidate who is trying to make a career in the field of retail management.

There are some courses provided by EduKart.com also. Some of these courses are Certificate course in Retail Management, Certificate course in Category Management and Retail Buying, Certificate Course in Retail Store Operations and certificate course in Customer Marketing. All these courses have been certified by Retailer’s Association of India.

For more details about the courses visit EduKart.com Retail Management Courses

Retail Point of Sale Software to Inventory Management

Visual Retail Plus offers a retail point of sale software. Our touch screen cash registers and hand held scanners offer our customers simple checkout at the registers. In the back office the scanners aid with easy inventory stocking of products. There are several options with the POS software to handle all your specific needs. Our customers appreciate the different types of couponing capabilities. You can customize your coupons from 2 for 1 sale, percentages, dollar amounts and specific dates; automatic discounts can be applied to purchases over a set amount. You can also determine whether the coupons are applied to all items or just selected item. If you decide to allow double coupons Visual Retail Plus can satisfy your needs with our replace or add coupons on top of coupons. If your customer does not have a coupon but you want to apply a discount VRP as a button called Discount to handle this. Just ring up your sale and select the Discount button. There you can choose a percentage amount, a dollar amount or a new price.

There are many options when it comes to creating and setting up your inventory. You can customize it to the finest detail. Through the Inventory module you can select the Add Item module. There are many options for you to track your products including a Class field, sub-Class field and a sub-sub-Class field. You can create your color palette and scaling sizing to make it easier for the next new item. Because Visual Retail Plus caters to the retail market we know the type of information you are looking to track and our POS software system has the answers.

Once your inventory is stocked and tagged the retail point of sale system is ready to work for you. Purchases are scanned or manually entered into the register. The touch screen makes it so easy to use. Your inventory can be linked to pictures and information of the product. This aids in preventing theft of merchandise. Someone can change tags but they cannot change the picture scanned into system linking it to the product. Our Retail POS software has many security systems built into it, this is just one of many. There is a checklist of accesses so you can customize your end users accessibilities.

Visual Retail Plus POS software offers many options helping our clients to customize their system to fit their needs and requirements.

Setting up the POS software is easy and your store can be up and running and ready for business within hours. You will notice an immediate return on your investment as your business accurately and promptly enterstransactions and with the scanners errors become a thing of the past.

Our touch screen Point of Sale software works for every level of retailer. Whether you own one store or multiple stores in different states; with our back office your inventory is networked to provide an accurate list of items which can be easily transferred to the necessary location. Do the research and choose the right POS software system; you will be glad you did.

The Importance of Inventory Management in Retail

A retail store requires an inventory management system. Before a business owner can open the doors to generate revenue, they must know how they will be managing their products. Inventory management software must be implemented to allow business owners to successfully track and organize inventory. Organization is a key component in running a business. Visual Retail Plus can help you classify your merchandise by using a simple, user-friendly system.
With the complexity of retail operations increasing, systems to manage inventory had to meet the rising demands. The retail industry is one of the largest users of inventory management software. A good system can help show what is selling well and how many to keep in stock. Inventory management software can be used to show what products need to be restocked accordingly. Items are not overstocked and customers do not have to wait for products. Reducing costs is just as essential as gaining revenue and using Visual Retail Plus can result in efficient management of inventory.

Inventory management software makes it easy for companies to maintain control and handle the needs of their customers. A business owner must know the status of the company’s inventory because the requirements that customers have must be met. Although inventory management has always been an important aspect to running a business it has become increasingly important in todays retail industry. Retail stores that are successful must constantly increase their demands. In order for a store to have the products that customers want, maintaining accurate inventory.

Visual Retail Plus provides built in tools to allow planning the replenishment of inventory levels. Increasing the levels of when inventory should be replenished must be maintained by a business. Inventory management software is not a replacement for inventory management procedures. It is however, the tool that will increase efficiency when implemented correctly in combination with a business inventory management strategy. Supply and demand must be fulfilled, and without a plan to oversee inventory levels a business can fail to meet the demand of their consumers.

Inventory management can help companies get the lowest price on products because the company can spend only the money it needs to on orders. Most funds are allocated to inventory in the retail industry, which is why efficiently managing orders can help reduce costs. This also allows businesses to develop a strategy to implement with Inventory management software. With a more productive way of ordering products, consumers can enjoy the benefits of lower costs as well. This makes the customer happy. Inventory management software can keep track of costs from products that have been purchased and can create reports, which show what vendors have the lowest unit cost. Visual Retail Plus’ integrated reports and automatic ordering system can help put your business on the competitive edge by increasing efficiency.