Specialty Retail POS Systems : Graphical Management Dashboard

Specialty Retail POS Systems

Specialty retailers can be found in every community regardless of how big or how small that community is. By definition, a specialty retailer sells products that are more specialized and specific items. For example, cell phone outlets or video game stores are considered to be specialty retailers. Additionally, they have more specific needs and requirements where a POS system is concerned compared to other types of retail operations. A retail chain that specializes in a particular brand of clothing may also be defined as a specialty retailer.

As a result of this growing market, specialty retail POS systems have become more popular and even necessary. The type of POS system that you purchase will depend on the demands of your everyday business operations. Do you operate a single location or are there multiple ones? Is your retail business a “mom and pop” operation or are there a number of employees that you manage? These are just a couple of the questions you will need to answer when you start searching for a POS system that best facilitates the daily needs of your business.Home > Retail Industries > Specialty Retail

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Specialty Retail POS Software
The Radiant Retail Solution for Specialty Retailers

Specialty Retail POS Systems CounterPoint is customizable, allowing you to configure the software to fit the needs of your business. Our local support teams can tailor your solution how ever you see fit. Our portfolio of clients is diverse, including battery stores, apparel retailers, franchises, zoos and aquariums, universities, museums and coffee shops.The Radiant Retail Solution helps thousands of retailers of all sizes maximize their profit opportunity with a solution that is both innovative and time-tested.

CounterPoint includes a robust inventory management system, touchscreen point of sale (POS) ticket entry, built-in customer loyalty programs, automated purchasing and impressive reporting capabilities. Instant inventory updates let you know what’s in stock, on order, and in transit. Track your customers, control your purchasing, retain detailed sales history, or open an online store-CounterPoint includes everything you need to streamline your business and boost your bottom line. CounterPoint has all the features you need to efficiently and effectively operate your business at its fullest potential.

Features beneficial to Specialty Retailers:

* Three dimensional grid for inventory, ordering, and reporting in color/size/width
* Kits at point of sale for bundling items
* Graphical management dashboard
* Quick Reports-Create custom views of what you want to see, and how you want to view it. Add that View to a button in the POS for future reference
* Print admission tickets at the point of sale
* Manage sales, returns, orders, special orders, backorders, and layaways on the same ticket
* Track customers’ favorite colors, size, etc. with user-defined profile fields
* Suggest items, substitute items and link Items
* Robust Multi-store capabilities. Easily view and transfer items from store to store, while each store data is synchronized across multiple sites
* View your history from any point in time-6 months, 12 months, 2 years, or 20 years.
* Integrated credit. Radiant hardware builds in the credit card swipe directly on the terminal. Eliminating EOD transaction reconciliation and double-entry
* Open-database enables you to easily pull your information out of CounterPoint into other programs such as Microsoft Excel or Adobe Acrobat
* Wireless Inventory Scanning-With inventory management, handhelds are instrumental in streamlining receiving, counting, ordering, and audits
* Modern touchscreen interface allows you to train employees in 30 minutes
* Enhanced Security features

A specialty retail POS system can provide you with certain advantages that you normally don’t encounter with the traditional cash register and checkout operations such as:

o real-time visibility of the operation whether it is one location or multiple locations
o detailed information about your customers, inventory, and sales
o customer service applications

Additionally, if you have a larger business, the demands will be greater and a more advanced specialty retail POS system may be a wise choice. The key is to investigate the POS systems and the companies that sell them as thoroughly as possible in order to find the best quality at the best price. Naturally, if you have budget concerns or restraints you will have to really fine tune your search.

Here are some additional considerations to be aware of where installing a specialty retail POS system is concerned. Look for a system that:

o can enhance your customer service levels and can increase your sales using customer loyalty programs, promotional messaging, and suggestive selling
o optimize your inventory so that you have the right products available to your customers when they need them using critical merchandise allocation and planning applications
o reduce the training time of new employees so that they can deliver attentive and responsive customer service
o is easy to install, easy to learn, and easy to learn
o analyze and identify your customer purchasing trends as well as new opportunities in the market
o perform extensive searches for new items that will broaden your inventory

Another suggestion is to search for a specialty retail POS system company that has a physical location, not just a website. You want to be assured that they are available whenever you need them.

Retail Management Courses In India – The Best Institutes Offering Courses

Retail sector in the country is witnessing a big boom today. As the government prepares to open the sector for international investment, there are many local retail chains which have started organising itself and getting ready for the challenge.

One can now see a number of retail outlets and chains in the country. There are many more which are going to start in the coming future. All these retail outlets require efficient and skilled manpower for their operations. To asses this requirement and to fill the demand for manpower many institutes and colleges across India started courses in retail management.

Benefits and requirements of retail management courses in India

The course in retail management is specially designed to teach all the theories and practical cases which are happening in the retail sector today. Retail management courses in India are offered by various B schools in the country. Some of them offer MBA while most of them offer PGDM course.

There is fundamental difference between the two. MBA courses are offered by those institutes which are recognised by universities and colleges under state and central universities. On the other PGDM course is offered by the autonomous institutions of the country which are built by a special act of parliament.

The admission requirements and eligibility criteria of the courses are very different in the colleges. Most of the colleges which offer MBA or PGDM in retail management in India require a student to have a graduation degree from any reputed institution of the country. The student is also expected to take a national or international level test like GMAT, CAT or XAT. The selected students are then called for a round of group discussions or personal interview.

Those who do well in the GD and PI are then offered full time admissions in the university.
There are many different sub-specialisations within retail management which are taught by the various institutes. These are retail marketing, retail financing, and retail management and so on. There are many new retail chains which are being setup in the country. Hence the job requirements and placements are very high in these institutes for the courses. The students are given good package jobs in various retail firms and companies in India and around the world.

Some of the retail chains also have tie ups with the leading b schools of the country to provide to its man force the adequate training and knowledge about the retail marketing. Hence these employees are also offered part time or executive MBA in retail management. There are many institutes in the countries today which have started offering courses in retail and there are many new colleges which are starting the course to train students with core specialisation in the retail sector.

MBA in Retail Management- Build a successful career in Retail.

The retail industry is growing at a high pace in India and that too with innovative business models. With a number of emerging Indian brands, the penetration of international brands in the Indian market, and many such factors is the reason behind the boom in the retail industry. JDBIMS offers MBA Retail Management, which is a comprehensive course that teaches all aspects of retail management.

Introduction: Functions of Retail Management

The first thing that we notice before entering a store is the window display. The window effects our decision to enter the store a great deal. And who is responsible to make it look attractive? It’s the Visual merchandiser. The look and feel of the store as well as the window of the store is the Visual merchandiser’s job.

Buying the right merchandise, in correct quantity and quality is the merchandiser’s job. A visual merchandiser is different from merchandiser. A merchandiser buys stock and deals with distributers, manufacturers and designers. Retail supply chain management are related to product procurement and controlling product quality, inventory levels, timing, and expenses. Logistics are also involved in moving the product from source to destination, handling and storing them.

Other functions include applying retail communication mix for promoting and selling the products, human resource and training, finance and administration, information technology and customer contact service.

About MBA in Retail Management
MBA in Retail Management at JDBIMS SNDT Mumbai is a 2 year full time course. This course is ideal for a student who seeks a career in the retail sector, for professionals who aspire to grow in the industry. The function of retail industry such as supply chain management, merchandising, store management, visual merchandising, are a number of opportunities to build one’s career in the retail sector. This course will help you understand retail industry and help you chose the job profile that suits you the best

Highlights of MBA Retail Management at JDBIMS

Sectoral Specialization
Internship (Summer and Winter)
Concurrent Fieldwork undertaken on two days a week
Emphasis on research project. Every student undertakes a yearlong research
Business Ethics an integral part of the course
Sound theoretical insights about managing modern retail business.

Broad Objectives
A student who completes this retail management course would be industry ready to contribute and manage the various functions in a retail environment. The programme is designed to enable the learner to gain hands-on experience and practical exposure as well sound theoretical insights about managing modern retail business.

MBA-Retail Management: Huge Opportunities in fast-growing sector

In the last decade or so, Indian retail industry has witnessed great upsurge. With huge changes in the retailing patterns, including the upcoming of mall culture, the retail sector has become one of the pillars of Indian economy. It accounts for 14 to 15 per cent of national GDP. Indian retail market is among top five retail markets in the world with economic value of about US$ 500 billion, providing galore of employment opportunities. Given this boom in the retail sector, demand for trained and talented retail management professionals is growing not only in India but abroad as well. Big brands have opened retail chains throughout the cities & rural areas that offer huge job openings. A professional with excellent communication skills and a flair for convincing people can be recruited as store managers, customer care executives, merchandise officers, public relations executive and so on, in a multinational company.
To take care of the demand for management professionals with specialized knowledge of Retail sector, the GLA University (GLAU), Mathura offers Retail Management as major specialization in its highly reputed two-year degree course MBA. The Institute of Business Management at GLAU aims at nurturing customer-oriented professionals, enabling them to understand the retail industry dynamics and manage the fastest growing sector effectively.
MBA (RM) at GLA University provides specialized knowledge, required skills and attitude along with multitasking abilities to deal with complex business situations. The precisely and carefully designed MBA curriculum at GLAU is pretty sophisticated, flexible and hits bull’s eye in term of maintaining industry standards and keeping pace with ever growing body of knowledge. Its holistic nature indeed paves the way for better managerial skills.
The dual-specialization system adopted by the University gives students freedom to choose specializations from the fields of Marketing, Finance, Human Resource, International Business, Information Technology, Development, Retail, Operations and Strategic & Technological Management.
The first year of the course consists of core subjects that lays a strong foundation in one’s quest to become a good manager. These core subjects include Business Communication, Business Environment, Financial Accounting, Managerial Economics, etc. The second year of the program is centered around the specialization subjects, in which apart from some other common subjects there are four elective subjects spread over all the three trimesters of the final year. This imparts in-depth knowledge of the major specialization subject. Course Projects, Research and training is also based on the chosen major specialization.
Subjects included in Retail Management specialization are: Finance in Retail Operations, Retail Information Systems, Fundamentals of Retail Management, Retail Merchandising, Shoppers’ Behavior & Selling Skills, Retail Supply Chain Management & Vendor Development, Legal issues in Retail, Retail Store Operations, Store Design Layout & Visual Merchandising. These subjects, live projects and real-life training sessions ensure that the would-be manager passing out from GLAU makes one of the finest professionals.

Distance Learning Courses: Retail Management Courses as a Foundation in a Retail Career

Graduates of retail management courses use their communication skills to run a retail operation efficiently. For those with experience in distance learning courses in this field, there is the option to manage a personal business or work in a large, established firm. There are also many different industries that benefit from retail, from healthcare to clothing.

A degree in retail management courses can give the training needed to build a successful career. This is why this is quite a popular choice among distance learning courses. The number of industries that employ graduates of retail management courses is as varied as the products available in the market. The retail industry expects much growth, especially in the field of online retail so these courses offers promising employment leads for those who want to enter the industry.

Graduates of distance learning courses in retail management courses are already ingrained in the workforce, according to statistics released by the Bureau of Labor Statistics. Many jobs will be available in retail and this trend is not expected to change in the coming years. The largest growth is expected to occur in the specialization of online retail.

Many online operations are small and self-run and some have non-traditional organizational structures so a background in retail management courses is an advantage in getting a handle on the industry. A professional who has the proper education, such as those who went through distance learning courses through retail management courses, may tap into these new possibilities.

Distance learning courses such as retail management courses follow the same coursework as traditional training. They teach relevant skills such as courses in accounting, communication and even conflict resolution. A large chunk of the training may involve business administration and economics. In addition, distance learning courses in international retail is covered in some programs to prepare students in trends affecting key industries and untapped opportunities.

Bachelor’s degrees and master’s degrees are both available through distance learning courses. The salaries of those who have received distance learning courses in retail depend on the type and size of the business as well as the experience and education. Self-employed retailers may enjoy significant profits depending on how their business performs. Retailers in the auto industry enjoy high financial rewards as well. The experience gained in a degree program, whether online or at a traditional setting, is helpful in setting up a retail organization or working in one.

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.